DB Insurance Obtains Exclusive Use Right for "Dog Bite Accident Fine Coverage"

DB Insurance announced on June 10 that it has obtained a six-month exclusive use right for its "Dog Bite Accident Fine Coverage," which was launched on April 22.

The New Product Review Committee of the General Insurance Association highly evaluated the originality and usefulness of this special contract and granted the exclusive use right. As a result, other insurance companies are restricted from developing or selling similar special contracts for the next six months.

This special contract provides coverage in cases where a pet causes a dog bite accident and the owner is fined under Article 266 of the Criminal Act (Injury by Negligence), Article 267 of the Criminal Act (Death by Negligence), Article 1, Item 3 of the Animal Protection Act Penalty Provisions, or Article 2, Item 4 of the Animal Protection Act Penalty Provisions. Previously, pet insurance in the industry only covered liability compensation for pet owners, but with this new coverage, the scope has been expanded to include fines resulting from criminal penalties.

For customers who have already subscribed to "Negligent Injury or Death Fine" coverage, DB Insurance also offers an upselling coverage specifically for existing policyholders, "Dog Bite Accident Fine (Animal Protection Act)," which covers only the areas not previously covered (Article 1, Item 3 and Article 2, Item 4 of the Animal Protection Act Penalty Provisions). This allows all consumers, both new and existing policyholders, to be protected against fines resulting from dog bite accidents.

However, in the case of dangerous dogs, if a dog bite accident occurs and the owner is fined for violating the management of dangerous dogs under Article 1, Item 4 or Article 2, Item 5 of the Animal Protection Act Penalty Provisions, this special contract does not provide coverage for such penalties. Therefore, customers should take note of this limitation when enrolling.

This is the third time this year that DB Insurance has obtained an exclusive use right in the pet insurance sector. A DB Insurance representative stated, "Since the mandatory registration of companion animals and the introduction of fines in the Animal Protection Act in 2019, laws related to companion animals have been steadily strengthened," and added, "We developed this special contract to help alleviate the burden on pet owners as the risk of criminal penalties for pet owners is increasing."

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