Samsung Fire & Marine Insurance Establishes New Special Clause for Hybrid Vehicle Battery Replacement Compensation

Samsung Fire & Marine Insurance announced on the 7th that it has established the industry's first 'Hybrid Vehicle Battery New Price Compensation Special Contract.'

While many insurers operate new price compensation special contracts for electric vehicle batteries, this is the first time a new price compensation special contract for hybrid vehicle batteries has been launched.

This product is available for hybrid vehicles insured under own damage or single-vehicle accident liability special contracts. It is limited to personal automobile insurance and business automobile insurance (corporate-owned passenger cars). It can be subscribed to for automobile insurance contracts starting from the 11th of next month.

This special contract compensates for the difference between the new parts price and the new parts price after depreciation when the driving battery of a hybrid vehicle is damaged and replaced with a new battery. It is covered when insurance benefits for own damage or single-vehicle accident liability special contracts are paid.

When replacing an expensive battery due to a car accident, the entire replacement cost is not compensated, and the depreciation cost must be borne. However, by subscribing to this special contract, customers can receive compensation for the depreciation cost they have to bear.