Damyang-gun Increases Compensation Limits for Automatic Enrollment of All Residents in 'Resident Safety Insurance'

Increase of 20 Million KRW for 11 Guaranteed Items, Overlapping Claims Possible with Other Insurance

[Damyang=Asia Economy Honam Reporting Headquarters, Reporter Kim Chunsu] The coverage limits of the citizen safety insurance for all residents of Damyang-gun will be increased.

On the 14th, Damyang-gun, Jeollanam-do announced that it has raised the compensation limits to provide more practical damage compensation as natural disasters and various safety accidents become more frequent.

The main coverage of the citizen safety insurance, which automatically enrolls all residents, includes ▲death by natural disaster injury ▲death and aftereffects by explosion, fire, collapse, injury ▲death and aftereffects by public transportation use, robbery, agricultural machinery accidents ▲drowning death ▲school zone traffic accident injury treatment costs ▲death by infectious disease.

Among these, the coverage limits for all items except death by infectious disease have increased from 10 million won to 20 million won, and in the case of death by infectious disease, an insurance payout of 10 million won is provided.

Residents or heirs who suffer damage under these items can receive insurance money by directly submitting the insurance claim form along with related supporting documents to the Korea Local Finance Association within 3 years from the date of the accident, and it is possible to receive overlapping payments with other insurances.

A county official said, “With the increase in coverage limits of the citizen safety insurance that all residents are enrolled in, we expect it to provide more practical help in ensuring the safety of residents' lives,” and added, “We will continue to do our best to protect the lives and property of residents from various disasters and accidents.”

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