Home insurance, full damage? Proportional to the subscription amount… take a look at the guarantee
9/27/2022
Home insurance for a safe haven during 'moving season'
In case of fire, it is necessary to check the compensation method.
Support for repair costs for home appliances, etc. Accidents during remodeling are guaranteed
March is the high season for moving. If you are planning to move or redecorate your home ahead of a new start, such as starting school, employment, job change, or marriage, it is worth considering 'housing insurance' for a safe place to live. In particular, as the time spent at home increases due to the 'coronavirus infection (COVID-19)', the insurance industry is also attracting attention by introducing home insurance products with various special offers for remodeling, theft damage, and unexpected natural disasters. What kind of product should you choose to fully cover the various risks that occur in your life through home insurance?
First, you need to see if you can get enough compensation in case of a fire. It is important to check whether the compensation method is actual loss compensation or proportional compensation. In the case of a fire in the house, the actual loss compensation method can be compensated for the 'actual damage' within the insurance policy limit. With the proportional compensation method, if you set a small amount of insurance, you may not be compensated as much as the amount of damage because you are compensated in proportion.
It is also necessary to carefully examine whether there are any blind spots in the warranty. In order to restore a house damaged by fire or disaster as a living space, the lost part must be removed, and this can be guaranteed with a special contract for 'recovery cost'. However, it is easy for subscribers to overlook the cost of waste treatment such as landfill and incineration. Therefore, the coverage of the special contract for recovery costs is also a part that should be taken into account when purchasing insurance.
Property damage is not the only damage that can occur in a fire. If you live in an apartment-like apartment complex, you may also need a special contract for 'liability'. If there is a fire in my house and damage to the neighboring houses, compensation will follow. In addition, according to the current law, 'fire fines', which are imposed when a public risk is caused, can be covered under the special insurance policy.
It is a good idea to take care of any damage that may occur at home as the climate environment and lifestyle change. Damage to your home due to typhoons and floods can also be covered through home insurance. If you spend more time at home, such as working from home, and have purchased expensive home appliances, pay attention to the special 'home appliance repair cost' contract. Compensation for the cost of official after-sales service (AS) when the home appliance breaks down.
NH Nonghyup Non-Life Insurance covers everything from building restoration costs to temporary housing costs in the event of a house fire. is selling Temporary housing expenses can be compensated for 1 to 90 days. There is a special contract for glass damage caused by natural disasters. Compensation for damage caused by tornadoes and typhoons. This insurance covers not only property damage in the home, but also compensation for cyber fraud. There are also special contracts to compensate for domestic losses that may occur online, such as phone financial fraud (voice phishing) and Internet direct transaction fraud.
<Wise Family Life>, recently introduced by Samsung Fire & Marine Insurance, is the only housing insurance that covers the cost of disposal of waste caused by fire. It is a product that can fill the blind spot for restoration costs as it can compensate for the cost of dismantling, cleaning, and loading waste into the car. In addition, repair costs for 7 major cultural items as well as home appliances are compensated. The seven major cultural goods are printers, electric hair stylers, and coffee machines.
<AXA Life Security Comprehensive Insurance (Non-dividend)> of AXA Non-Life Insurance covers various fire accidents that may occur at home, including the use of heating appliances such as heaters and electric blankets, according to the fire damage special contract subscription. . It is characterized by compensation for damages incurred during the firefighting process. There is also a wide range of options by providing special coverage for everyday risks such as theft damage, collapse, subsidence and landslide damage, and damage from wind and water disasters.
Bucket Place, which operates the interior online platform 'Today's House', has partnered with KB Insurance to release <Today's House Safety Insurance>, which guarantees personal and property accidents that occurred during the remodeling process. In the event of an unexpected accident such as fire or water leakage during the construction process, compensation is provided up to 100 million won per person and up to 500 million won per accident.
An insurance industry official advised, "If you are a customer who is considering moving or remodeling, it would be a good idea to take a closer look at the essential elements through home insurance."
