Samsung Fire & Marine Insurance - Car, Motorcycle, Home, Etc., Korea
HO - Samsung Insurance Bldg. 87
Euljiro-1ga, Jung-gu, Seoul
Byung Geun Chun is with the Samsung Fire & Marine Insurance company's Expat Insurance Team. Contact him for information on the products available to you and/or to arrange a meeting to discuss how Samsung Fire & Marine Insurance can meet your insurance needs.
Following are some of the products that are available to foreign residents:
Accident Insurance - Covers bodily injuries sustained by the insured due to a sudden and incidental accident.
Auto/Motorcycle Insurance - Helps to protect you and your family against financial loss in the event of an accident or other cause of loss. It covers injuries and damages caused by an accident and for which you are legally responsible. It may also cover the costs of repairing or replacing your vehicle if it is damaged or stolen. Note that it is possible to have the policy form in English with this product.
Driver Insurance - Covers possible bodily injuries, legal expenses, and other costs incurred as a result of a driving accident.
Home/Tenants Insurance - Covers direct damage, fire extinguishment, and evacuation following a fire, an explosion, or the rupture of independent houses or tenement buildings where there are individual households or rooms used as a residence.
Supplemental Health Insurance - Even with the national health insurance, certain diseases or chronic conditions can become expensive as their treatments include options that are considered elective. These conditions may make it impossible to work. The deductibles on your hospital visits are also out-of-pocket and can be substantial as they are represent a percentage of the NHIC-set costs, not a set amount. Private health insurance is becoming increasingly necessary with the costs of medical care putting a huge financial strain on the NHIC.
Annuity Policy - Insurance whose major purpose is to pay a living annuity if the insured lives up to a specific age.
Savings Policy - Insurance wherein the sum of the refunds upon expiry or during the mid-term prior to expiry is more than the premiums paid in by that time.
Language: There are English speakers as well as Japanese and Chinese speakers on the team. While most of the forms are still in Korean only, some auto-insurance documents are available in English.