Fire is one of the accidents nearby us that can happen at any time. According to the statistics of the Department of Disaster Prevention and Mitigation from 2009-2018, the fire cases incurred the total damage of over Baht 1.3 billion per year, leading to the extensive loss of lives and properties.

BKI’s Rak Ban Sappaphai is a fire insurance program for business establishments, providing peace of mind for business operators as it covers a wide range of events including fire, lightning, explosion, and other types of incidents, as a source of business security.

Assets Covered

1. Building structures (excluding foundation parts), including additions/extensions to buildings, accessory buildings, fences, and walls and gates.

2. Furniture, fittings and fixtures, utensils and electrical appliances, and personal belongings.

3. Other properties such as goods within the residence, tools, and equipment for operating business.

BKI offers additional coverage exclusively under the fire insurance package for business establishments with the following best-value conditions :

1. A compensation payment shall be made based on the present value of the property, without any depreciation deductions.

2. The insurance shall be applicable even though the sum insured is less than the actual value of the property, but not less than 80% of the value of the property. A compensation payment shall be made in full according to the value of the property (not based on the principle of contribution.)

3. The insurance shall cover any loss or damage to the assets added or changed after the first taking out of the insurance. Those assets shall be covered automatically, up to 10% of the sum insured.

4. A fast-track partial compensation payment can be made in the case where the damage is incurred and the customer has a necessary need to use such money.

5. In case of first-time indemnity of loss which not exceeding 5% of the sum insured, the sum insured will be reinstated and the insured shall not be required to pay an additional premium.