Check Flood-Damaged Used Cars with Car History
36,214 Flood-Damaged Vehicles Reported Over Five Years
96% of Cases Occurred Between July and October
The Korea Insurance Development Institute announced on August 5 that it is offering a free flood-damaged vehicle inquiry service on 'Car History' to help prevent consumer damage caused by purchasing flood-damaged used cars.
As abnormal weather phenomena caused by climate change persist, this year has also seen significant flood damage due to extreme heavy rainfall. From July 16 to 9 a.m. on July 21, approximately 3,100 vehicles with flood damage were reported to insurance companies.
Over the past five years, from 2020 to last year, there were 36,214 cases of vehicle flood damage handled through auto insurance. Of these, 95.6% (34,605 cases) occurred between July and October.
Even if a flood-damaged vehicle appears fine on the outside, there is a significant risk of corrosion or malfunction in key components such as electronic equipment, braking systems, and the engine. Since repeated vehicle malfunctions or safety accidents during driving may occur over time, special caution is required.
With the 'Free Flood-Damaged Vehicle Inquiry' on Car History by the Korea Insurance Development Institute, users can check whether a vehicle has been flood-damaged and the date of flooding simply by entering the license plate number or vehicle identification number. However, since this service is based on accident information submitted by insurance companies, incidents not compensated through auto insurance cannot be identified.
Hot Picks Today
"Only Two Per Person" Garbage Bag Crisis Was Just Yesterday... Japan Also Faces Shortage Anxiety
- "Samsung Electronics Employee with 100 Million Won Salary Receiving 600 Million Won Bonus... Estimated Tax Revealed"
- Lived as Family for Over 30 Years... Daughter-in-Law Cast Aside After Husband's Death
- 'Will Demand Finally Decline Due to High Prices?'... "I'll Just Enjoy Nearby Trips" as Japan and China See a Surge
- "Wore It Once, Then This? White Spots All Over 4.15 Million Won Prada Jacket... 'Full Refund Ordered'"
Heo Chang-eon, President of the Korea Insurance Development Institute, stated, "We will actively support safe and transparent used car transactions for the public through the flood-damaged vehicle inquiry service."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.