KB Insurance Supports Vulnerable Groups with "Gyeonggi-do Residential Fire Safety Insurance"

Automatic Enrollment for Vulnerable Groups in Gyeonggi-do Without Separate Application

KB Insurance announced on January 28 that it will offer the "Gyeonggi-do Residential Fire Safety Insurance," which compensates for residential fire damages suffered by vulnerable groups, thereby working to enhance living stability and strengthen the residential safety net.

The "Gyeonggi-do Residential Fire Safety Insurance" is a product designed to compensate economically vulnerable groups for damages caused by residential fires. All insurance premiums are covered by Gyeonggi-do Province and its cities and counties, allowing vulnerable groups to benefit from fire insurance without any additional cost.

The coverage period is one year, from December 18, 2025, to December 17, 2026. The policy supports several items focused on recovery from fire damage.

The main coverage details include: ▲ Compensation for residential building damage up to 30 million won ▲ Compensation for household goods damage up to 7 million won ▲ Compensation for fire liability (property damage) up to 100 million won ▲ Temporary accommodation expenses up to 2 million won (200,000 won per day), among others.

Basic livelihood security recipients and those in the near-poor class residing in Gyeonggi-do are automatically enrolled without separate application. However, if the address on the resident registration differs from the actual residence, or if the individual loses eligibility as a vulnerable person, insurance benefits cannot be received.

A KB Insurance representative stated, "The 'Gyeonggi-do Residential Fire Safety Insurance' will serve as a practical safety net supporting the recovery and living stability of economically vulnerable groups," adding, "This is a form of inclusive finance jointly promoted by the public and private sectors, and it carries significant social meaning."

This content was produced with the assistance of AI translation services.