Sejong Reports 938 Cases and 1.37 Billion KRW Damage During Last Year's Monsoon... "Encouraging Flood and Windstorm Insurance Enrollment"

[Asia Economy (Sejong) Reporter Jeong Il-woong] Sejong City has urged residents to subscribe to flood and windstorm insurance. Flood and windstorm insurance is a type of policy insurance that practically compensates for property damage caused by natural disasters such as typhoons, heavy rain, and heavy snow.

According to the city on the 15th, insurance subscription is possible year-round, but compensation is not provided for natural disasters occurring before or during the insurance contract process, so it is advantageous to subscribe in advance.

The subscription targets include houses (including movable property), greenhouses (including vinyl houses), and stores/factories (small business owners), and from this year, government subsidies for insurance premiums will be significantly increased.

Last year, the government subsidy covered 52.5% of the insurance premiums for houses and greenhouses, and 50% for stores and factories. However, this year, regardless of the insurance subscription target, the government will support 70% of the insurance premiums.

In particular, basic livelihood security recipients and near-poverty class will continue to have 100% exemption of insurance premiums through support from the city and sponsoring organizations, as in the previous year.

Also, from this year, houses in disaster-vulnerable areas can receive insurance premium support, with 87% of the insurance premium supported for houses that received disaster relief funds or are located in areas with flood traces.

Applications for flood and windstorm insurance can be made at insurance companies or at the Eup/Myeon/Dong community service centers. For more detailed information, inquiries can be made at the Eup/Myeon/Dong community service centers or the city's Disaster Management Division flood and windstorm insurance officers.

Meanwhile, last summer in Sejong, 938 cases of damage and property damage worth approximately 1.378 billion KRW occurred due to concentrated heavy rain during the rainy season and successive typhoons.

Kang Seong-gi, head of the Sejong City Citizen Safety Office, said, “Sejong has relatively fewer flood and windstorm damages compared to other regions, so flood and windstorm insurance subscription is not active.” He added, “On the other hand, damage caused by typhoons and concentrated heavy rain is increasing every year.”

He continued, “This year, with the government subsidy significantly increased to 70%, the burden on citizens is not large, so we ask many citizens to participate in subscribing to flood and windstorm insurance.”

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