KB Sonbo adds special coverage for lawyer fees support in sudden unintended acceleration car accident insurance

On the 11th, KB Insurance announced the launch of a special rider called ‘Sudden Acceleration Accident Lawyer Retainer Fee Support,’ which provides support for lawyer retainer fees in the event of suspected sudden acceleration car accidents.

Although suspected sudden acceleration accidents have been increasing recently, it is practically difficult for drivers of the accident vehicles to prove sudden acceleration caused by defects in the vehicle manufacturer. The EDR (Event Data Recorder) provided by vehicle manufacturers only stores simple driving information such as speed and pedal operation status for about 5 seconds before a collision, limiting its ability to prove sudden acceleration. Accordingly, KB Insurance has developed and launched a product that supports the legal costs necessary to prove whether sudden acceleration was caused by defects in the vehicle manufacturer in suspected sudden acceleration accidents.

This ‘Sudden Acceleration Accident Lawyer Retainer Fee Support’ rider is an auto insurance rider that supports lawyer retainer fees when the insured files a damages lawsuit against the vehicle manufacturer due to a suspected sudden acceleration accident. The insurance payment covers 80% of the lawyer retainer fee for the first trial, up to a limit of 3 million KRW, and can be paid only once during the insurance period.

The currently sold ‘Legal Cost Support’ riders in auto insurance or driver insurance cover criminal settlement fees, fines, lawyer retainer fees, and other costs arising from criminal liability due to car accidents. However, the newly launched ‘Sudden Acceleration Accident Lawyer Retainer Fee Support’ rider is the first in auto insurance to cover legal costs for civil lawsuits.

Kim Hyuk, Executive Director and Head of the Auto Insurance Division at KB Insurance, said, “As numerous suspected sudden acceleration vehicle accidents have recently become a social issue, we developed this rider so that customers who suffered damages from accidents can prove sudden acceleration and receive full compensation.” He added, “KB Insurance will continue to strive to develop products that are truly necessary for our customers.”