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- Fire Insurance for Loan Customers
LOAN PROTECTION
Fire Insurance for Loan Customers
Insurance Plan of property collateral for Dwelling House, Business protecting damage from fire, natural perils to relax your life from concerns
Share- Highlights
- Protection
- Insurance Terms
- FAQs
- Contact Us
Highlights
- For Dwelling House - to protect your house from
1. Standard coverage for Fire, lightning (including damage to electrical appliances and short circuit devices caused by lightning), explosion, aircraft, and water damage (excluding floods)
2. Basic Natural Perils of windstorm, flood, earthquake or volcanic eruption or tidal wave or tsunami, hail. - For Dwelling House can be add-on coverage upto 10% of sum insured by paying small additional premium.
- Additional perils for business (BB) of Standard Fire coverag, Additional perils, Additional Coverage for Natural Perils
- Additional perils for business (SME) of Standard Fire coverage, Additional perils
Insured by The Deves Insurance Public Company Limited.
SCB is only an authorized broker.
Insurable guideline refer to Underwriting procedures of The Deves Insurance Public Company Limited.
Buyers must understand the details of coverage and conditions before deciding to insure.
Protection
1. For Dwelling House - to protect your house from
1.1 Standard coverage for fire, lightning (including damage to electrical appliances and short circuit devices caused by lightning), explosion, vehicle impace, aircraft, and water damage (excluding floods)
1.2 Basic Natural Perils of windstorm, flood, earthquake or volcanic eruption or tidal wave or tsunami, hail
Remark :
- Add-on Natural Perils up to 10% of sum insured with small additional premium
2. For Retail Business (BB) - to protect your business from
- Standard coverage for fire, lightning, explosion of gas for household consumption
- Additional perils for explosion, vehicle impact, aircraft, water damage (excluding floods)
- Add-on natural perils of windstorm, flood, earthquake or volcanic eruption or tidal wave or tsunami, hail
3. For SME Business - to protect your business from
- Standard coverage for fire, lightning, explosion of gas for household consumption
- Add-on natural perils of explosion, flood, earthquake or volcanic eruption or tidal wave or tsunami, hail
Insurance Terms
- This plan is applicable for loan customers with The Siam Commercial Bank Public Co., Ltd. only
- Not covered for building construction of class 3 (made of wood or galvanized)
- This Plan is applicable for residential house and retails/SME business located in Thailand only
- Premium will be calculated based on Tariff rate approved by Office of Insurance Commission
Get Answers About this Product
Fire Insurance for Loan Customers is an insurance policy that protects properties, such as houses or buildings, used as collateral for a loan against fire damage and other perils specified in the policy.
Fire Insurance for Loan Customers is a requirement imposed by banks for customers applying for home loans or secured loans to protect the collateral property against potential risks.
Mortgage Fire Insurance : The bank is designated as the beneficiary, By the way Fire Insurance: The insured person is designated as the beneficiary.
Fire Insurance for Loan Customers is suitable for customers purchasing a house, condominium, or building with a loan and who require protection for the property throughout the loan period.
Fire Insurance for Loan Customers covers damage caused by fire, lightning, and explosions, impact or collision by vehicles, aircraft damage, and water damage (excluding flood) and may also include other risks such as floods or natural disasters, depending on the selected plan.
The premium is calculated based on the value of the insured property and the coverage selected, with payment made annually or for the chosen policy term.
Loan Customers can purchase Fire Insurance for through the lending bank or an insurance company specified by the bank.
Can not. Loan Customers are free to choose their preferred fire insurance provider, provided that the policy meets the coverage requirements and conditions stipulated by the bank.
