Insurance Protection


Motor Vehicle Insurance

Inclusive daily rental rates include vehicle insurance and third party liability, including property cover, and Loss Damage Waiver (LDW). Please note that an excess applies to all rentals. If a customer is involved in an accident that cannot be recovered from a third party or there is a loss, they will need to pay a Baht 10,000 excess for car categories CPMR, MCAR, ECAR a Baht 15,000 excess for car categories CCAR, CVAR, ICAR, FFAR, MVMR 20,000 excess for car categories IFAR, IVAR, FCAR, PCAR, PFAR and LCAR.Insurance coverage is subject to the terms and conditions of the rental agreement, but follows generally accepted international standards.

Detailed below are the coverage of international standard Insurance Protection available in Thailand from Budget :

Compulsory Third Party (CTP) Insurance - Included in all Rates

The Road Protection Act provides limited injury and death cover to anyone injured or killed in an accident.

Compulsory Motor Insurance Coverage Table

Coverage Limit of Liability
(Baht/Person)
1.Preliminary Compensation without the proof of guilt
1.1 Medical expenses due to bodily injury (Actual expenses) 30,000
1.2 Loss of life, Dismemberment or Permanent Disability 35,000
2. The compensation coverage which is over the preliminary compensation, the victim will receive after be proven not legally liability person. The Limit of coverage included the preliminary compensation are as follows:
2.1 Medical expenses due to bodily injury (Actual expenses) Up to 80,000
2.2 Loss of life, Dismemberment or Permanent Disability 300,000
2.3 Daily payment to cover loss of earnings in the event of hospitalization (as an inpatient) Baht 200 per day (maximum 20 days per occurrence) Up to 4,000
2.4 Maximum sum insured combining of (2.1) (2.2) and (2.3) in aggregate. Up to 304,000
Remark
  • The violated driver (at fault party) will be covered only Preliminary Compensation.
  • Victim means the driver who has been violated by other negligence driver, passengers and party.
  • The Preliminary Compensation is a part of the Victim Compensation Sum Insured (see more details in Policy).
  • The claimed amount is up to the final decision of the insurance company.

Loss Damage Waiver (LDW) - Included in Net Rates

LDW provides comprehensive coverage to the renter for own vehicle damage, as well as liability protection against third party injury, death or vehicle and property damage.

THIRD PARTY LIABILITY
LOSS OF LIFE
LOSS OF LIFE OR BODILY INJURY** 2,000,000 Baht / Person
20,000,000 Baht / Accident
PROPERTY DAMAGE** 5,000,000 Baht / Accident
BAIL BOND: 200,000 Baht

** THE CLAIMED AMOUNT IS UP TO THE FINAL DECISION OF THE INSURANCE COMPANY.

This coverage limits the renters responsibility to a maximum of Baht 10,000 excess for car categories CPMR, MCAR, ECAR Baht 15,000 excess for car categories CCAR, CVAR, ICAR, FFAR, MVMR 20,000 excess for car categories IFAR, IVAR, FCAR, PCAR, PFAR and LCAR. in the event of loss or damage to the rented vehicle where recovery cannot be made from a third party, subject to the renters compliance with the Rental Agreement. In other words, the maximum exposure that a renter will have in the event of non-recoverable loss or damage are Baht 10,000,15,000 and 20,000,providing the Details of Use Restrictions at Item 3 of the Rental Agreement are not contravened. If Use Restrictions are contravened, the LDW is void.

Terms and Conditions on the Rental Agreement for Use

The wording on the rental agreement for use is as follows:
  1. who is not an Authorized Driver;
  2. who allows more passengers to occupy the Vehicle than there are seat belts or who does not require all occupants to comply with applicable seat-belt and child-restraint laws;
  3. off regularly maintained and paved roadways; outside the Kingdom of Thailand;
  4. who leaves the Vehicle and fails to remove the keys, close and lock all doors and close all windows and the trunk, or otherwise aids in vandalism or theft of the Vehicle;
  5. who does not know how to operate a manual transmission (if Vehicle has manual transmission);
  6. when continued operation of the Vehicle is likely to cause damage to the Vehicle; to engage in any speed contest;
  7. to carry people or property for hire (unless otherwise agreed by Budget); to push anything; to tow anything;
  8. who improperly fuels the Vehicle (gasoline in a diesel-powered vehicle or diesel fuel in a gasoline-powered vehicle); who improperly loads the Vehicle or transports weight exceeding the Vehicle's maximum capacity; to carry hazardous or explosive substances;
  9. if the Vehicle is obtained upon the basis of false or misleading information;
  10. who, as a result of reckless misconduct, damages the Vehicle or causes personal injury or property damage to others;
  11. while intoxicated or under the influence of any substance that impairs driving ability;
  12. during the commission of a felony or for the transportation of illegal drugs or contraband;
  13. where insufficient height or width exists.

4) VEHICLE LOSS AND DAMAGE: Renter is not responsible for Vehicle loss or damage caused by acts of God or accidental fire that is not the result of a collision. if there is a violation of a use restriction, LDW is void and renter is responsible for all vehicle loss and damage, related expenses, loss of use, and an administrative charge as described above.

5) LIABILITY PROTECTION: if there is no violation of a use restriction (paragraph 3), Budget provides automobil liability protection to authorized drivers for causing bodily injury (including death) and property damage to others resulting from use of the Vehicle....

Super Damage Waiver (SDW) (Accident)

Super damage waiver (accident) for "Approved renter." This option can be purchased at a nominal fee per day depending on your type of vehicle on rent. Your excess insurance amount of 0 (zero) baht is applied where your cost of repair or damage from traffic accident is now exempted.

VEHICLE TYPES LOWER GROUP HIGHER GROUP
SUPER DAMAGE WAIVER (SDW) (ACCIDENT) 200 220
PERSONAL ACCIDENT & EFFECTS (PAE) 150 150
THEFT PROTECTION (TP) 69 99
SPECIAL WITH WORRY FREE PACKAGE 380 420
LOWER GROUP
CPMR, MFMR, ECAR, CCAR, FFAR, MVMR, ICAR
*PRICE ARE IN BATH PER DAY, VAT "NOT" INCLUDED
HIGHER GROUP
IFAR, IVAR, FCAR, PCAR

Due to our website technicality, Super Damage Waiver (SDW) insurances will be available upon request. If you would like to accept coverage in your current reservation please contact e-mail : reservations@budget.co.th by refering your reservation number.
(Please indicate your choice of SDW protection with or without Personal Accident & Effects (PAE) Coverage)

Personal Accident and Effects (PAE) Insurance

Personal Accident and Effects Insurance coverage is available for drivers and passengers with protection up to Baht 1 million.This insurance can be purchased when collecting the vehicle.

PERSONAL ACCIDENT AND EFFECTS (PAE) INSURANCE
LOSS OF LIFE OR PERMANENT DISABILITY 1,000,000 Baht / Accident
MEDICAL EXPENSES INCLUDING EMERGENCY 250,000 Baht / Person
PERSONAL EFFECT AND BELONGINGS 40,000 Baht / Vehicle

Theft Protection (TP)

Fixed excess amount of 0 (ZERO) baht in the event of the rental vehicle is stolen.

SOME IMPORTANT CONDITIONS OR EXCLUSIONS OF COVERAGE
  • PERSONAL ITEMS IN EXCLUSION ARE JEWELRY, MONEY AND MONETARY DOCUMENTS, IMPORTANT DOCUMENTS OR SPECIMENS, ETC
  • IN CASE OF THEFT, RENTER MUST REPORT THE INCIDENT TO THE POLICE WITH FULL POLICE REPORT OBTAINED.
  • MAXIMUM PAYABLE AMOUNT UNDER PAE COVERAGE MUST NOT EXCEED 1,000,000 BATH ON ONE INCIDENT.
  • AFTER RENTER SIGN ON TO ACCEPT TREMS AND CONDITIONS, ALL COVERAGE AND CONDITIONS SHALL TAKE EFFECT IMMEDIATELY.
  • RENTED VEHICLE MUST NOT BE INVOLVED IN ANY CRIMINAL ACT OR USE OUTSIDE THAILAND'S TERRITORY.
  • USE RESTRICTION AT ITEMS 3 OF RENTAL AGREEMENT MUST NOT BE CONTRAVENED AT ALL TIME.

NOTE: THAI INSURANCE REGULATION INDICATES THIRD AS PERSONS WHO ARE AFFLICTED BY THE ACCIDENT DAMAGE BUT ARE "NOT" IMMEDIATE FAMILY MEMBERS OR SPOUSE OF DRIVER, THEREFORE, YOUR PARENTS, HASBAND, WIFE OR CHILDREN WILL "NOT" BE PROTECTED UNDER THE THIRD PARTY LIABILITY TERM. TO ACQUIRE A PROTECT, ADDITIONAL PERSONAL ACCIDENT & EFFECTS INSURANCE (PAE) CAN BE PURCHASED ADDITIONALLY.

** THE CLAIMED AMOUNT IS UP TO THE FINAL DECISION OF THE INSURANCE COMPANY.