Artikel tagged “insurance-fund”
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Disaster insurance to cover Phuket quakes, floods, landslides
PHUKET: Insurance coverage for homes and businesses damaged by natural disasters, including floods, storms, landslides, earthquakes and even tumbling boulders is now available in Phuket and the rest of Thailand again following the government’s creation of the National Catastrophe Insurance Fund (NCIF). The fund, launched on March 28 with a government budget of 5 billion baht, offers coverage through a unified National Disaster Insurance Policy recognized by 54 registered insurance companies operating in the country. “The insurance companies will now cover floods, geological disasters and storm damage,” Phuket Provincial Office of Insurance Commission Chief Suwimon Saelim told the Phuket Gazette.
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