Motorists who’ve their vehicles insured by Thailand’s Southeast Insurance coverage may have their vehicles repaired and the garages will probably be compensated by the corporate, in accordance with the Insurance coverage Fee’s Secretary-general Suttipol Taweechaikarn.

The insurance coverage commissioner supplied the peace of mind after a number of garages have refused to work on vehicles lined by Southeast Insurance coverage, for concern that they might not be paid by the struggling insurance coverage agency, which is saddled with hefty claims for compensation from COVID-19 sufferers.

The commissioner stated that tips had been labored out at a latest assembly, between the Workplace of Insurance coverage Fee (OIC), Southeast Insurance coverage, representatives of the Auto Restore Affiliation of Thailand and the Affiliation of Central Storage Insurance coverage, held to make sure truthful therapy for each the insured and the garages.

Beneath the rules, Southeast Insurance coverage should compensate the garages for repairs charged to the agency’s clients inside three days of the storage submitting the declare.

If the garages will not be positive that they are going to be refunded by the insurance coverage agency, the corporate, on this case, should settle the funds with the garages three days earlier than the completion of the upkeep or repairs.

At present, Southeast Insurance coverage has contracts with about 390 unbiased garages and 281 automotive dealerships to supply restore and upkeep providers.

Suttipol stated that, in the course of the latest discussions, the 2 associations proposed that Southeast Insurance coverage ought to organize for spare elements to be offered to contracted garages and to disburse funds to them rapidly after acceptance of their restore payments.

The garages, nonetheless, should submit their evaluation of restore prices to the insurance coverage firm upfront.