Tuesday, September 11, 2007

Thanacity: Insurance Payout if a plane should crash into the resident’s home or condominium ? Will you get it before you grow old or die of old age

We believed most of the current residents have not thought much about this. What happens should a plane loose part of its engine or the plane crash into the homes of the residents ? Will the residents’ homes be compensated by AOT ? Or by the Airline ? Or by the government authority ? Or if the residents have bought insurance policies, will they get paid ? Look into the policy carefully. The insurance salesmen may not know what is happening. What happens if the homes is completely destroyed and where will these residents stay in the meantime ? Who will pay compensation for lost of use? Who will pay compensation for the rebuilding of these homes ?

What happens if some of the residents are killed ? What happens if some of the residents are badly injured and have to be immobilized or stay in the wheelchair for the rest of his life ? What happens if the sole breadwinner dies and will the family be compensated for lost earnings?

AOT have its own rules and procedures. Any payout requires approval but this committee and that committee and that there must be enough members present to carry out the vote which must later be endorsed by so and so…. Etc etc… etc. So does the government. I remembered reading somewhere that during a visit by the Prime Minister, he was approached by a person for medical help for transportation to a hospital. He agreed to help. It was even covered by the newspaper. But he was conveniently forgotten until he called in the reporters and TV stations. Correct me if I was wrong in this story. Of course the minister apologized. It was a misunderstanding and error by the officers .

Is the airport runways, controls , systems, approved by ICAO. ? Does the insurance policies covers these type of damages or death claims ? We got to read the fine lines of the insurance company. Most of the homes are insured for Fire and others types of disasters but plane crash… well it is kinda doubtful. But most probably not from a plane crash or damages from falling parts of the aircraft.

And if the planes runs straight into the condominiums. There will be hell of a lot of investigations. But in the meantime, there is no help for the residents. Who approved the present height of the condominiums ? Are these condos too high ? There will be panels and committees set up. Committee members resigned and hence there is no quorum. Probably the new President will resign too. Finally, nothing will be done. So Thanacity residents BEWARE. Do not be so smug and happy that you can get compensation and benefits by doing nothing.

Better look into your house insurance policies. Be prepared to pay for higher premiums as your house is in danger of being damaged by a possible plane crash and vibrations caused by the flying planes. Why must the residents be penalized ? Of course, those AOT chaps will say it is impossible until they moved and stay at Thanacity ! It is now getting bad to worst. Every other minute a plane flies over Thanacity. And it looks like they are scheduling more flights over Thanacity because the other runway is under repair.
Guess what ? They are now looking at expanding the airport. They are planning to pay out as compensation the grand amount of Baht 174 million. AOT constructed the airport tunnel for baht 4,000 million although SRT gave them a budget for Baht 500 million. Looks like the protestors and the residents will be in for a wild balloon ride. As Thanacity residents, we were promised many things by the developers but it looks like AOT is following the same route.

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