Dobong-gu Enrolls in Property Damage Liability Insurance to Prepare for Resident Safety Accidents
Subscription to 'Yeongjomul Damage Compensation Insurance'... Compensation limits set by insured facility type, up to KRW 10 billion per accident and KRW 500 million per person for personal injury, and up to KRW 10 billion per accident for property damage
[Asia Economy Reporter Park Jong-il] Dobong-gu (Mayor Lee Dong-jin) announced that it has enrolled in the property damage liability insurance for public facilities through the Korea Local Finance Association to prepare for safety accidents involving residents.
Property damage liability insurance is a system that guarantees the stable life of residents by having an insurance company promptly handle legal compensation responsibilities that arise when defects in the management of facilities managed by Dobong-gu cause damage to residents' bodies or property.
Based on an investigation of facilities in each department such as government buildings, welfare facilities, parks, libraries, performance halls, parking lots, and roads, Dobong-gu completed enrollment in property damage liability insurance for about 1,300 public facilities in 2021.
The coverage period is from January 1, 2021, to December 31, 2021, and the compensation limits are set for each insured facility. For bodily injury, up to 10 billion KRW per accident and up to 500 million KRW per person are covered, and for property damage, up to 10 billion KRW per accident is covered.
In the compensation process, when a victim requests compensation from the local government, the district promptly reports the accident to the association, which then pays the compensation through a specialized insurance company.
Dobong-gu compensated residents for 27 cases in 2019 and 21 cases in 2020.
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Mayor Lee Dong-jin of Dobong-gu said, “Following last year, we are enrolling in property damage liability insurance for public facilities again this year to prepare for unforeseen damages to residents. We will continue to make efforts to ensure that Dobong-gu becomes a safe city for its residents.”
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