Hyundai Marine & Fire Insurance Launches Car Insurance That Covers Driving Time of Other Vehicles

Hyundai Marine & Fire Insurance announced on the 28th that it has launched the 'Hycar Timeshare Auto Insurance,' which allows customers to subscribe for the necessary amount of time.

[Asia Economy Reporter Oh Hyung-gil] Hyundai Marine & Fire Insurance announced on the 28th that it has launched the 'Hycar Timeshare Auto Insurance,' which allows customers to subscribe for the necessary amount of time.

This auto insurance is for drivers who drive vehicles owned by others or rental cars for a short period, and it can be easily subscribed through a mobile app for the desired duration, from a minimum of 6 hours up to a maximum of 10 days (240 hours).

Since coverage begins immediately upon the driver's subscription, it eliminates the inconvenience of the vehicle owner having to subscribe to short-term driver extension coverage or one-day products a day in advance.

Additionally, the industry’s first feature allowing users to set the scheduled driving time and subscribe in advance has been added to enhance subscription convenience.

Na Uk-chae, head of Hyundai Marine & Fire Insurance’s Auto Product Department, said, "This on-demand insurance was developed for customers who drive others' vehicles for a short period, reflecting the consumer trend shifting from vehicle ownership to vehicle sharing. We will strive to develop products that can offer various benefits to customers."

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