Cheongsong-gun Completes Re-enrollment for All Residents' Safety Insurance... Coverage Includes Accidents in Other Regions

Cheongsong County Office.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Gwiyeol] Cheongsong-gun, Gyeongbuk has completed re-enrollment of safety insurance for all residents.

Cheongsong-gun announced on the 10th that it has enrolled all residents in the Residents' Safety Insurance with the Korea Local Finance Association as an institutional measure to stably respond in case of physical damage caused by unexpected accidents and disasters.

The enrollment targets are residents registered in Cheongsong-gun and foreigners (foreign nationals of Korean descent) registered at their place of residence (lodging), and enrollment was automatic without a separate application process.

The coverage period is one year from June 11 this year to June 10 next year, and it is renewed annually. If an accident occurs during the coverage period, the insured persons can receive benefits.

Compensation payments are possible regardless of where in the country the accident occurs, but compensation for damage caused by wild animals is only paid for accidents occurring in Cheongsong-gun. The maximum coverage amount is 20 million KRW per person and can be overlapped regardless of other insurance subscriptions.

The coverage includes 33 items such as: death by natural disaster (including heatstroke and sunstroke), death by explosion, fire, collapse injury (including sequelae), death by injury while using public transportation (including sequelae), death by hit-and-run/uninsured vehicle injury (including sequelae), death by robbery injury (including sequelae), death by drowning accident, emergency room treatment costs for dog bite accidents, and treatment costs for Silver Zone accidents.

Public transportation covered includes buses (city, intercity, express), taxis, airplanes, ships, subways, and trains used for passenger transport; motorcycles, rental cars, and private vehicles are not included.

Also, according to commercial law, persons under 15 years old, persons with mental disabilities, or persons with mental weakness are excluded from compensation payments for death.

The claim period for compensation is three years from the date of the accident. Residents who have suffered an accident must submit a claim form, resident registration certificate (or abstract), a copy of ID, a copy of bankbook, accident certificate, and other supporting documents to the Korea Local Finance Association’s Citizens Safety Mutual Aid Project accident processing desk to determine payment eligibility.

Yoon Kyung-hee, Mayor of Cheongsong-gun, said, “Protecting the lives and property of residents from various accidents and disasters is the responsibility of local governments,” and added, “We will do our best to create a safe and happy Cheongsong by improving residents’ quality of life and happiness index through proactive disaster prevention.”