Up to 15 Million KRW for 17 Items Including Natural Disasters... Possible to Overlap with Personal Insurance
[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Hampyeong-gun, Jeollanam-do (Acting County Governor Na Yunsu) is implementing a county resident safety insurance system for all residents for the first time this year.
According to Hampyeong-gun on the 17th, the county resident safety insurance is a system in which the county directly contracts with an insurance company (Korea Local Finance Association) to pay a certain amount of insurance money to residents who suffer damage from various disasters, accidents, crimes, etc.
The support target includes all residents registered in the county (including registered foreigners), and enrollment is automatic without any separate procedure (automatic withdrawal upon moving to another region), with the county bearing the full insurance premium.
The coverage includes ▲death from natural disasters (including heatstroke, sunstroke, hypothermia, 15 million KRW) ▲death from injury due to explosion, fire, collapse (15 million KRW) ▲permanent disability from injury due to explosion, fire, collapse (15 million KRW) ▲death from injury while using public transportation (15 million KRW) ▲permanent disability from injury while using public transportation (15 million KRW) ▲death from hit-and-run or uninsured vehicle injury (10 million KRW) ▲permanent disability from hit-and-run or uninsured vehicle injury (10 million KRW) ▲death from injury due to robbery (15 million KRW) ▲permanent disability from injury due to robbery (15 million KRW) ▲death from drowning accident (excluding disease-related death, 11 million KRW) ▲treatment for injuries from school zone traffic accidents (under 12 years old, 15 million KRW) ▲missing child support fund (under 8 years old, 1 million KRW) ▲injury to persons of merit (15 million KRW) ▲death from agricultural machinery accident injury (15 million KRW) ▲permanent disability from agricultural machinery accident injury (15 million KRW) ▲death from gas accident injury (15 million KRW) ▲permanent disability from gas accident injury (15 million KRW), totaling 17 items.
Overlap with personal insurance compensation is also possible.
However, according to Article 732 of the Commercial Act (prohibition of contracts for persons under 15 years old, etc.), death of persons under 15 years old is excluded from coverage.
Insurance claims must be submitted directly by the victim (or legal heirs/legal representatives in case of death or minors) to the Korea Local Finance Association along with the insurance claim form and related supporting documents.
Na Yunsu, Acting County Governor of Hampyeong-gun, said, “The coverage period this year is one year until January 31 of next year and will be renewed annually,” adding, “We hope the county resident safety insurance will be a great help to our residents who suffer from various unexpected accidents.”
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