The Gyeonggi Provincial Fire and Disaster Headquarters is launching the nation's first "Residential Fire Safety Insurance" support project for vulnerable households in the province.
On December 18, the headquarters announced that it had signed a business agreement with the Korea Fire Protection Association and would invest a total of 1.7 billion won to provide Residential Fire Safety Insurance support to 379,813 households in Gyeonggi Province, including recipients of the Basic Livelihood Security Program and those in the near-poverty group who are registered residents of the province.
The headquarters explained that, as housing insecurity caused by residential fires among vulnerable groups has been repeatedly occurring, and the need for an institutional safety net to support recovery after fire suppression has been consistently raised, it has established a post-fire protection system through insurance to help ensure housing stability for these households.
Gyeonggi Provincial Fire and Disaster Headquarters is launching a fire insurance support project for vulnerable households. Photo shows an insurance information poster.
The coverage period is one year, and the benefits include: up to 30 million won for property damage to the residence; up to 7 million won for household goods damage; up to 100 million won in liability coverage for accidental fires; and up to 2 million won in temporary housing expenses (200,000 won per day).
Choi Yongcheol, Acting Head of the Gyeonggi Provincial Fire and Disaster Headquarters, stated, "If fire suppression is about saving lives, this Residential Fire Safety Insurance is a tool for rebuilding lives. With practical coverage provided at no cost to residents, it will help Gyeonggi residents recover their daily lives and secure stable housing after a fire."
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