Samsung Fire & Marine Insurance Launches 'Car Breakdown Repair Insurance' with No Worries Even After Warranty Period Ends

Samsung Fire & Marine Insurance announced on the 8th that it has launched the "Automobile Breakdown Repair Insurance," a direct-only product that covers repair costs for vehicles whose manufacturer-provided warranty repair period has expired.

[Asia Economy Reporter Changhwan Lee] Samsung Fire & Marine Insurance announced on the 8th that it has launched an 'Automobile Breakdown Repair Insurance' as a direct-only product, which covers repair costs for vehicle breakdowns after the warranty repair period provided by the manufacturer has ended.

The Automobile Breakdown Repair Insurance is available for vehicles that are within 10 years from the date of delivery, have driven less than 100,000 km, and are personally owned passenger cars of the policyholder.

Insurance coverage is available not only for domestic cars but also for major foreign cars, and eligibility can be easily checked through the Samsung Fire & Marine Insurance Direct app. However, corporate or commercial vehicles are excluded from coverage.

When a customer applies for insurance, a professional inspector visits the customer to conduct a vehicle inspection for insurance enrollment, after which the enrollment decision is made. The vehicle inspection visit is conducted through 'Kabajo,' a startup that provides mechanic dispatch inspection services.

Compensation covers the actual repair costs incurred within the vehicle's value limit as stipulated in the insurance policy, and coverage includes repair of breakdowns in key parts such as the engine and power transmission system, as well as general parts. Repairs due to normal wear and tear or consumption are not covered.

A representative from Samsung Fire & Marine Insurance Direct stated, "This product covers repair costs not covered by automobile insurance, and was launched to alleviate concerns of customers whose warranty periods have expired and those who have purchased used cars," adding, "We will continue to introduce 'good' products and services that can be loved by many customers."

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