Insurance
Property Insurance
Property is often the largest investment a person or business makes. Bcare helps homeowners, condominium owners, landlords and investors in Phuket explore insurance solutions that protect buildings, contents and property-related risks.
Who we help with property insurance
Property risk looks different for everyone. We regularly speak with:
Homeowners
People wanting to protect their house or villa and the belongings inside it.
Condominium owners
Unit owners who want to understand what the building's master policy covers — and what it does not.
Landlords
Owners renting out property who want to understand the risks that come with tenants.
Property investors
Investors with one or several properties who want a clear view of their exposure.
Businesses with premises
Companies whose offices, shops or facilities represent a significant asset.
Overseas owners
People who own property in Phuket but live elsewhere and need local guidance.
Building, contents and everything around them
Property insurance is usually built around two distinct things — the building itself and the contents inside it — with liability and other property-related risks sometimes considered alongside. Depending on the policy selected, protection may apply to specified insured events only.
Building
- The structure itself, and normally its permanent fixtures
- Fixtures and fittings that form part of the property
- For condominiums, what the building's master policy covers — and what it does not
Contents
- Furniture, appliances and personal belongings
- Higher-value items that may need to be discussed specifically
- Whether the property is furnished for tenants or guests
Events to discuss
- Fire, lightning and electrical risks
- Water-related damage and storm damage
- Theft — depending on the selected policy and its conditions
How much to insure
- Consider the cost of rebuilding or replacing, not a market or resale figure
- Contents are usually considered separately from the building
- Review the amount insured after renovations or significant purchases
How the property is used
- Owner-occupied, rented long term, or left unoccupied for periods
- Whether guests, tenants or staff are present
- Commercial use of any part of the property
Liability and other risks
- Injury or damage to others arising from the property, where the policy provides it
- Any requirements set by a lender, juristic person or contract
- Exclusions and conditions stated in the wording
Questions worth asking
- Am I insuring the building, the contents, or both?
- What would it realistically cost to rebuild or replace?
- Is the property occupied, rented out, or empty for parts of the year?
- Which causes of damage matter most in my location?
- Does anyone else — a lender or juristic person — require insurance to be in place?
- Has anything changed since the amount insured was last reviewed?
How Bcare helps
- 01
We look at the whole picture
Building, contents, liability and how the property is used — we start from your actual situation.
- 02
We explain your options
As a broker, we help you explore suitable property insurance solutions and understand the wording before you commit.
- 03
We stay available
Renovations, new tenants, a change of use — and guidance on next steps if you ever need to claim.
Bcare Insurance is an insurance broker. Our role is to help you understand your needs, explore appropriate insurance options and understand the differences between them — then stay available through the life of the policy.
Understanding your insurance
A few terms that come up often in this category, explained in plain language.
- Reinstatement value
- The cost of rebuilding or replacing insured property. It is not the same as market or resale value.
- Sum insured / coverage limit
- The maximum amount a policy may pay for a covered claim, or for a particular benefit within the policy. Limits vary by insurer and plan.
- Deductible / excess
- An amount you may be responsible for yourself before the insurer contributes to a claim. Choosing a different deductible can change how a policy is priced.
- Exclusion
- Something a policy states it does not cover. Exclusions differ between policies, which is why reading the wording matters.
- Third-party liability
- Protection relating to injury or damage you may cause to other people or their property, where the policy provides it.
- Renewal
- Continuing cover for a further policy period. Renewal terms, and whether they can change, depend on the insurer and the policy.
Common questions
What is the difference between building and contents?
Broadly, the building is the structure and its permanent fixtures, while contents are the items inside that are not fixed to it. Policies may cover one, the other, or both — the policy schedule confirms what applies.
How should I think about the amount insured?
Generally in terms of what it would cost to rebuild or replace, rather than what the property might sell for. Bcare can talk you through the considerations; a formal valuation is a separate professional exercise.
Does every policy cover every cause of damage?
No. Property policies typically respond to specified insured events, and both those events and the exclusions vary by insurer and policy.
I rent my property out — does that change things?
It can. Tenanted, short-let and unoccupied properties raise different considerations, so it is worth telling us how the property is actually used.
Looking for property in Phuket?
Our sister division Bcare Property helps clients buy, sell and long-term rent property in Phuket.
Not sure where to start?
Tell us what you want to protect. Bcare will help you understand your options and point you in the right direction — with no obligation.
Ask Bcare About Property InsuranceInformation on this website is general in nature and is not a quotation or a confirmation of coverage. Coverage, benefits, limits, conditions, exclusions, eligibility and underwriting vary by insurer and policy. Please review the applicable quotation, policy schedule and policy wording before purchasing insurance.