Typhoon Hinnamnor Causes Flood Damage to 5,800 Vehicles, Estimated Loss of 47.8 Billion KRW

On the morning of the 7th, Marine Corps soldiers are carrying out restoration work in the underground parking lot of an apartment in Pohang, Gyeongbuk, which was flooded due to the impact of Typhoon Hinnamnor, the 11th typhoon.
[Image source=Yonhap News]

[Asia Economy Reporter Changhwan Lee] Due to the impact of Typhoon Hin Namno, more than 5,800 vehicles nationwide suffered damages estimated at 47.8 billion KRW as of the morning of the 7th.

According to the insurance industry on the 7th, as of 10 a.m. that day, a total of 5,887 cases (estimated) of vehicle flooding damage caused by Hin Namno were reported to 12 domestic non-life insurance companies. The estimated damage amount reached 47.8 billion KRW.

Among the four major companies?Samsung Fire & Marine Insurance, DB Insurance, Hyundai Marine & Fire Insurance, and KB Insurance?the reported vehicle flooding damage totaled 5,004 cases, with an estimated damage amount of 30.6 billion KRW.

The damage mainly occurred in Pohang, Gyeongju, Ulsan, and Jeju, which were severely affected by the typhoon. Since damage reports are still being received, the scale of the damage is expected to increase further.

The scale of vehicle flooding damage caused by typhoons and heavy rain this year is the largest ever recorded. Last month, during the heavy rain centered around Gangnam, Seoul, 11,685 flooded vehicles were reported to insurance companies, with an estimated damage amount of 163.7 billion KRW.

Including the damage from this Hin Namno typhoon, the estimated damage amount has exceeded 200 billion KRW. This far surpasses the 115.7 billion KRW in damages caused by typhoons Bavi, Maysak, and Haishen in 2020.

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