Samsung Fire & Marine Insurance Covers Appliance Repair Costs with Home Fire Insurance

Samsung Fire & Marine Insurance announced on the 14th that it has significantly strengthened the coverage details of its direct home fire insurance.

[Asia Economy Reporter Oh Hyung-gil] Samsung Fire & Marine Insurance announced on the 14th that it has significantly strengthened the coverage details of its direct home fire insurance.

In addition to the existing fire damage coverage, various risks in daily life are covered through special contracts, including theft and repair costs of home appliances, and family daily life liability.

For the repair cost special contract, repair costs for 27 items of home appliances such as refrigerators, TVs, and washing machines are covered. Coverage applies to products manufactured within 10 years, starting 60 days after enrollment, with a limit of 1 million KRW and a deductible of 20,000 KRW.

It also covers leakage damage to water supply and drainage facilities commonly occurring in apartment buildings during winter. In case of damage to water supply and drainage facilities such as boiler pipes and water pipes caused by accidents like freezing, 90% of the damage amount within the insured amount is compensated starting 90 days after enrollment.

Additional coverage includes household goods restoration cost support, family daily life liability, and waste transportation, landfill, and incineration due to fire accidents. By using a smartphone to enter only the type of residence and house area, insurance premiums can be checked immediately.

Meanwhile, Samsung Fire & Marine Insurance Direct is conducting a home fire insurance OX quiz event on its website and application until the 28th.