Test whether building, fit-out, pools, walls, professional fees and debris removal can be rebuilt under the policy.
Purchase price is not the same as rebuilding cost
Ask how the declared building value was calculated and when it was last reviewed. Separate land value from the cost of rebuilding structures, pools, retaining walls, fixed equipment, landscaping, professional fees and debris removal. Compare drawings, floor area, specification, exclusions, excesses and indexation with the current policy schedule.
Check who insures shared estate assets and whether underinsurance changes claim settlement. Record renovations and notify the insurer as required. Pair this with the villa operating budget, insurance claims guide and management service.
Next step
Phuket Stay Pro can coordinate property records, valuation questions and renewal evidence.
Fact check
Coverage, valuation method, indexation, exclusions, excess, underinsurance and rebuilding cost vary by property, insurer and date. Obtain qualified Thai insurance and valuation advice.
Choosing an area to live in Phuket?
Start with the location and buying goal. Compare handover dates, ownership options and payment terms; confirm the current price and availability for the selected unit.