Property Insurance

"Property insurance is a type of insurance that compensates for losses caused by unexpected incidents such as fire, explosions, theft, and natural disasters. Designed to protect the assets of individuals and businesses, this insurance helps reduce the financial burden of asset loss or damage and supports rapid recovery and stable operations."

Product Features

1. Wide Coverage

Covers damage caused by fire, explosions, lightning, theft, natural disasters (earthquakes, floods, typhoons, etc.).
Additional coverage for specific risks (e.g., terrorism, strikes) may be included depending on the contract terms.

2. Customized Design

Coverage limits and scope can be tailored based on the characteristics and use of the assets.
In addition to basic coverage, additional risks can be insured through special clauses.

3. Coverage for Various Asset Types

Insurance applies to a wide range of assets, including buildings, equipment, machinery, furniture, inventory, raw materials, and more.
Both personal assets and business assets are eligible for coverage.

4. Removal of Debris Costs

Covers the cost of handling damaged assets and removing debris after an accident.

5. Stable Asset Protection

In case of unexpected damage, swift compensation helps restore assets and support the continuity of business operations.

6. Additional Coverage Through Special Clauses
- Additional coverage for specific risks or situations:

Design and manufacturing defects
Reinforced coverage for natural disasters
Emergency transportation and special cost compensation

7. Premium Discount Benefits

Discounts on premiums may be available based on the asset's safety management (e.g., fire prevention systems, security devices).

Insurance Coverage Eligibility

Property insurance is available to all individuals and organizations that own assets.

1. Individuals:

Individuals seeking to protect their homes (single-family homes, apartments, etc.) and personal assets.
Individuals who need coverage for specific assets such as valuables, artworks, furniture, and other high-value personal property.

2. Businesses and Enterprises:

Companies owning business premises such as factories, warehouses, and offices.
Retailers, distributors, and businesses needing protection for inventory assets.
Manufacturers, logistics companies, and other enterprises requiring coverage for equipment and machinery.

3. Public Institutions and Non-Profit Organizations:

Organizations looking to protect buildings and assets used for public or non-profit purposes, such as schools, hospitals, libraries, and other community-serving entities.

Requirements for Contracting Property Insurance

1. Asset Information for Insurance Coverage

Detailed description of the assets to be insured, such as buildings, equipment, machinery, furniture, inventory, etc.
Information about the asset’s location, purpose, and value assessment data.

2. List and Detailed Information of Property

A list of assets to be covered with specific details for each item (e.g., model, manufacturing year).
The purchase price of the asset or its current value after depreciation.

3. Location Information and Layout

Information about the building and site where the insured assets are located.
Building structure, layout, and the location of key equipment.

4. Risk Assessment Information

Risk factors associated with natural disasters (e.g., floods, earthquakes, typhoons) and environmental conditions.
Information on foreseeable incidents such as fire, theft, and explosions.

5. Condition and Maintenance Status

The current condition of the insured assets and their maintenance history.
Regular inspection records for equipment, machinery, and facilities.

6. Existing Insurance Information

Information about any existing insurance policies and their coverage details.
Whether insurance renewal or additional coverage is needed.