Thailand's Condo Sector Boasts Unmatched Safety and Insurance Coverage

The Thai Condominium Association has recently reported that Thailand's condominium sector is protected by a comprehensive legal framework, including the Condominium Act and related regulations. Condominium juristic persons manage common property and collect maintenance fees, which are funded by extensive damage insurance policies.

The total damage coverage for approximately 5,994 condominium projects launched in Bangkok between 2007 and 2025 exceeds 3.8 trillion baht (USD 108 billion), with annual insurance premiums of over 2.2 billion baht (USD 62.8 million) and an additional 270 billion baht (USD 7.7 billion) covering individual units and assets.

Thailand's construction standards and stringent legal requirements have resulted in an exceptional safety record, with no recorded collapses or injuries among residents. Insurance provisions also facilitate prompt repairs and reinforce confidence in the sector, particularly for over 200 condominium projects under development.

Ultimately, Thai condominium residents enjoy a profound sense of security, knowing their homes are safeguarded by meticulous legal standards, unparalleled construction quality, and a comprehensive insurance net, ensuring peace of mind even in the face of the unexpected. 


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