Insurance
Financial Loss Insurance for Motorcycle Hire Purchase
- TLeasing provides credit protection for customers renting motorcycles.
- Guarantees on brand-new motorcycles, name-brand products, and used/old automobiles.
- 1-3 year protection period, depending on the length of the lease.
- Single premium that must be paid in full at the time insurance is purchased
Coverage details – red label vehicle
Insurance period
Insured property
Insurance capital
1 – 3 years
New motorcycle, all models, all brands that are leased through TLeasing
First year = 90% of the new car price from factory including tax
Second year = 80% of sum insured for first year
Third year = 80% of the sum insured for second year
Protection for motorcycles
- Total loss of the insured motorcycle due to theft, burglary, robbery, or embezzlement by someone other than the hire purchaser and/or a person with the authority to act on the hire purchaser
- The total loss or damage exceeding 60% of the sum insured for the first year or the damage exceeding 80% of the sum insured for the second and third years, only resulting from the collision as the cause of the loss or damage
Coverage on the part of hire purchase loan applicants
- The company will pay compensation in accordance with the outstanding loan balance with interest that does not exceed the sum assured for protection in case of fraud or fraud by motorcycle hire purchasers in the event of death protection or total permanent disability from an accident while operating an insured motorcycle.
- The company will make payments in accordance with the balance of the remaining debt, up to the covered amount (Only the harm sustained in the first year).
- The company will consider refunding the insurance premiums in the Pro Rate for the duration of the coverage period for all types of insurance in the event that the car is impounded and the insurance redemption is informed.
The company will pay compensation to the insured or the hire-purchaser as specified in the policy schedule or the insurance certificate, but not exceeding the remaining hire-purchase debt under the hire-purchase contract as of the date of loss or damage. For the remaining balance (if any), the company will pay to the hire purchaser.
Coverage details – Old / second-hand motorcycles
Insurance period
Insured property
Insurance capital
1 – 2 years
Old / second-hand motorcycles, car age not over 5 years, all brands, leased through TLeasing
First year = 80% of the total hire purchase (including interest)
Second year = 80% of sum insured for year 1
Coverage for motorcycles
- The damage of a motorcycle as a result of theft, burglary, robbery, or embezzlement by someone other than the hire purchaser and/or a person who has the authority to act on the hire purchaser’s behalf
- Protection against accidents resulting from a collision, total loss or damage greater than 80% of the amount insured in the year of the accident.
Coverage on the part of hire purchase loan applicants
- The company will pay compensation in accordance with the outstanding loan balance with interest that does not exceed the sum assured in the event of death protection or total permanent disability resulting from an accident while operating an insured motorcycle.
If any of the indemnity coverage conditions are met, the firm will pay 100% of the amount insured as of the accident year, and the policy will be promptly canceled.
Supported by insurance
Thanachart Insurance Public Company Limited
999/1 The Nine Tower, Rama 9 Road, Phatthanakan Subdistrict, Suan Luang District, Bangkok 10250
Tel : 02-308-9308
