Carrot launches 'Phone Care Theft and Loss Assurance'... "20,000 KRW one-time payment for 1-year coverage"

Mobile Phone Theft and Loss, 20,000 KRW One-Time Payment for 1-Year Coverage

[Asia Economy Reporter Ki Ha-young] Carrot General Insurance announced on the 10th that it has launched the 'Carrot Phone Care Theft and Loss Protection Insurance.'

This insurance is not a bundled insurance that includes damage and loss coverage when purchasing a phone from a telecom carrier, but a product that only covers theft and loss of the phone. It is expected to be well received by customers who want coverage only in this area, those who missed the enrollment period after purchasing a phone, or customers who buy used phones. The process operates through non-face-to-face enrollment and non-face-to-face claims application, allowing customers to complete enrollment and claims procedures without visiting offline locations.

This product is subscribed with a one-time premium payment of 20,000 KRW and is designed to provide one-time compensation of a used device in kind after the insured bears a deductible of 250,000 KRW for theft and loss of the phone during one year after enrollment. Eligible insured customers are those who purchase Samsung and Apple phones. For Samsung, only Galaxy S series and Note series released after 2019 are eligible, and for Apple, only iPhone models after iPhone 11 can be enrolled. The compensated used device can be selected regardless of the manufacturer from used devices with similar performance to the insured phone, and if the insured phone was released less than one year ago, a used device from the previous year's series based on the same criteria will be provided.

A Carrot representative said, "Phone insurance should allow customers to be covered only for the parts they want," adding, "We will continue to launch reasonable insurance products that provide coverage only as much as used and needed."

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