Naju City Supports Comprehensive Insurance Premiums for Agricultural Machinery such as Tractors and Combines

[Naju=Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong] On the 25th, Naju City in Jeollanam-do announced that it will promote the 'Comprehensive Agricultural Machinery Insurance Premium Support' project to minimize damage from agricultural machinery accidents during the farming season.

Comprehensive agricultural machinery insurance is an insurance system that applies accident compensation similar to general automobile insurance to agricultural machinery, covering damages occurring during machine operation, bodily injuries, and providing liability coverage for personal and property damages.

The city supports 80% of the total insurance premium at the time of subscription (50% national funds, 30% local funds) to reduce the insurance premium burden on farmers and increase subscription rates.

For basic livelihood security recipients and low-income farmers, 100% of the insurance premium is fully supported.

The insured agricultural machinery includes a total of 12 types: power tillers, tractors, combines, riding cultivators, riding rice transplanters, SS sprayers, wide-area pest control machines, balers (binders), excavators, loaders, agricultural power carriers, and aerial pest control machines.

Eligible subscribers are farmers aged 19 or older and agricultural corporations owning the corresponding agricultural machinery models, and applications can be made year-round at all local agricultural cooperatives.

One contract is signed per agricultural machine, providing one-year coverage for machinery damage, personal bodily injury, personal and property liability, and special coverage for risks to loaded agricultural products.

Previously, the city supported 370 million KRW in comprehensive agricultural machinery insurance premiums for 3,191 farms in the jurisdiction last year, helping to minimize farm damage caused by machinery and bodily accidents.

A city official said, "We hope farmers subscribe to comprehensive agricultural machinery insurance before the farming season as much as possible to prepare for unexpected accidents and ensure stable farming," adding, "Prevention is the top priority for agricultural machinery accidents, and safety rules such as no alcohol during work and wearing protective equipment must be strictly observed."

Naju=Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong bong2910@asiae.co.kr

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