Yongsan District to Fully Cover Flood, Storm, and Earthquake Disaster Insurance for 2,000 Basement Residences

Up to 8 Million Won Compensation for Flood Damage
Proactive Response to Summer Natural Disasters

Yongsan District in Seoul (District Mayor Park Heeyoung) has begun supporting the enrollment of "Flood, Storm, and Earthquake Disaster Insurance" for owners and tenants of basement residences in the district, in preparation for heavy rainfall and typhoons during the summer season.

Flood, Typhoon, and Earthquake Disaster Insurance Premium Free Support Project Promotional Poster. Provided by Yongsan District.

The Flood, Storm, and Earthquake Disaster Insurance is a policy insurance that compensates for housing damages caused by natural disasters such as typhoons, floods, heavy rain, strong winds, and earthquakes, with most of the insurance premium subsidized by the government and local authorities. Yongsan District is going a step further by utilizing donation methods to fully cover the out-of-pocket premium payments for owners and tenants of basement residences.

The coverage includes damage to houses caused by heavy rain, typhoons, and earthquakes. For a single-family home of 50 square meters, the owner can receive up to 8 million won and the tenant up to 6 million won in the event of flooding. If the residence is completely destroyed, compensation is provided up to 50 million won depending on the extent of the damage. The insurance period is one year, and continued coverage is possible through a renewal rider.

The district has sent out notices to approximately 2,000 basement residences in flood-prone areas and is actively promoting group enrollment, especially for households with a history of flooding or with flood prevention facilities installed. An official from the district stated, "If only the building owner enrolls, tenants may be excluded from compensation, so it is important for both owners and tenants to enroll together."

Enrollment is possible both by visiting the local community service center or the Water Management Division at the Yongsan District Office, and by applying online through the Flood, Storm, and Earthquake Disaster Insurance website (풍수해보험.com). For inquiries, contact the Water Management Division at 02-2199-7906 or the insurance counseling center at 1551-8919.

Park Heeyoung, Mayor of Yongsan District, said, "Natural disasters caused by abnormal weather arrive without warning, so it is important to be prepared in advance," and added, "We hope you can protect your precious daily life safely by enrolling in flood and storm insurance."

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