MSIG Baan Than Rak

Insurance Coverage Period

• 1 Year 3 Year or 5 Years

Premium Payment Period

• 1 Year 3 Year or 5 Years (The policy is renewed according to the insured period.)

Premium Payment Mode

• Annually

Terms and Conditions

• If there are any materials misdescription of the Property hereby insured, or of any building or place in which such Property is contained, or of the use of such building or any misrepresentation as to any fact material to be known for estimating the risk, or for fixing the premium, or any omission to state such fact, this insurance contract shall be voidable and the Company have the right to cancel this Policy within the period as stipulated by law.
• The company reserves the right to decline the risk if the building construction is wood or timber.
• The Company reserves the right to revise the premium if the insured’s premises are located in a dangerous zone as announced by the Office of Insurance Commission (OIC).

Important Exclusions

1. This coverage section does not cover the following properties: (unless otherwise expressly agreed and stated in the Policy.)
   • Bullion or precious stones, jewelry or precious stones, or precious metals
   • Any antique or work of art for an amount exceeding THB 10,000
   • Manuscripts, plans, drawings, designs, patterns, models or moulds
   • Securities, obligations, important documents of any kind, stamps, coins, paper money, cheques, or other business documents
   • Explosives
   • Electrical appliances and equipment, panels, electronic equipment, electric wires, or bulbs of which loss or damage is arising from or occasioned by over-running, excessive pressure, short circuiting, sparking, burning from electric wiring itself, leakage of electrical current including inherent vice or working
   • Mobile phones, portable computers and/or electronic equipment, portable communication devices and/or cameras, video cameras and/or recording media of any kinds.
   • All vehicles either on land, waterborne or airborne
   • Trees, decoration of gardens and lawns
2. Damage or any expenses incurred directly or indirectly whatsoever resulting and arising therefrom or any consequential loss directly or indirectly caused by or contributed to by or arising from war, invasion, baleful act of foreign enemy, or war-like operation whether war be declared or not, civil war amongst people in the same country, uprising, rebellion, revolution, coup d’etat, martial law, or any of the events or causes which determine the proclamation of maintaining martial law, political violence, act of terrorism, sabotage, strike or riot whether or not politically involved, any malicious act for the political, religious or ideological purposes.
3. Acts of terrorism, which include acts or a series of acts to the use of force or violence or the threat thereof, of any person or group(s) of persons, whether acting alone or on behalf of or in connection with any organization(s) or government(s), committed:
   1. for political, religious, ideological or similar purposes, or
   2. to influence the government or put the public, or any section of the public, in fear

Additional Clarifications

Property Insured means
Building (excluding foundation) and/ or its contents including property contained within the insured premises as stipulated in the Policy Schedule.

Building (excluding foundation) means
Single house, townhouse, twin house, block-house for dwelling, parking lot and small outside buildings such as houses for servants, canteens and so on, walls, fences, gates including improvements excluding foundation. Room unit for dwelling within a condominium, flat or apartment excluding foundation.

Its Contents means Furniture, fixtures, fittings, tools, household utensils, electrical appliances and equipment, musical instruments, audio equipment, kitchenware, clothing and other property in the dwelling of the Insured or normal dependents (which are not specifically excluded in the Exclusions)

There are 2 types of basis of sum insured criteria:

1. Replacement Cost Valuation
2. Actual Cash Value