Skiers and snowboarders race down the slopes at Mona Yongpyong, Korea’s largest ski resort, in Pyeongchang, Gangwon Province, Nov. 21. Yonhap
Non-life insurers, which usually give attention to hearth and auto accident protection, are increasing their choices to cowl a broader vary of winter dangers, together with repairing burst constructing pipes and ski-related accidents, because the chilly season approaches, business officers mentioned Sunday.
Samsung Fireplace & Marine Insurance coverage, AXA Normal Insurance coverage and KB Insurance coverage have expanded their insurance policies to cowl harm from leaks in water provide and drainage methods.
Samsung Fireplace offers safety for frozen or burst pipes via its residence hearth insurance coverage. If a sudden chilly snap causes pipes to burst, leading to water harm to flooring or home items, the coverage can cowl the price of repairs to flooring and home equipment, as much as the insured quantity. Injury to a downstairs unit will be coated via an non-compulsory rider.
AXA’s property complete insurance coverage covers plumbing leaks and repairs for water-damaged home equipment.
KB’s residence and biz care complete insurance coverage covers self-employed people. If freezing temperatures trigger pipes to burst at their enterprise premises, resulting in downtime or gear harm, the coverage offers compensation.
With outside winter actions on the rise, insurance coverage that covers associated accidents can also be gaining reputation.
Lotte Insurance coverage and Hana Insurance coverage provide low-cost one-day leisure protection, priced at round 1,000 received ($0.68) to 2,000 received per day.
These plans cowl medical and surgical bills for fractures sustained whereas snowboarding or snowboarding and supply as much as 10 million received in legal responsibility protection if the insured injures others on the slopes.
On-line platform-based insurers, resembling Carrot Insurance coverage, are additionally attracting youthful prospects by providing protection for winter accidents, together with frostbite and fractures.
In the meantime, Samsung Fireplace’s winter mini insurance coverage plan covers therapy for identified flu and reimburses fracture analysis and forged care if an insured particular person slips on icy surfaces.
