With the summer season approaching and an increase in water activities and leisure activities, accidents related to these activities are also rising sharply, leading to an increase in disputes over insurance compensation. Financial authorities have urged consumers to accurately understand the coverage details.
The Financial Supervisory Service announced on the 29th that special leisure activities through club activities may not be covered by general accident insurance. The relevant insurance terms specify that if members suffer injuries while participating in specialized climbing, glider piloting, skydiving, scuba diving, hang gliding, water sports, or paragliding for the purpose of club activities, they will not be eligible for insurance payouts.
It may also be the case that compensation liability insurance will not cover damages to rental equipment like jet skis and surfboards. Under the rental contract, equipment that the insured has materially possessed or used is considered property managed by the insured, thus falling under the exemption in the terms. However, if the rental company has purchased insurance covering separate leisure equipment damages, compensation may be provided in case of equipment damage.
In cases where injuries occur at comprehensive sports facilities, compensation liability insurance will not be received unless it is proven that the business owner neglected their safety management duties. Accidents caused by the negligence of the insured or accidental incidents are difficult to be compensated for. Compensation liability insurance is a product that compensates for damages caused to third parties' bodies or property due to the negligence of the business owner.
However, if the business owner has enrolled in a special clause for in-house treatment costs, they can receive treatment expenses regardless of negligence. This special clause compensates medical expenses for injuries sustained in accidents at multi-use facilities such as sports facilities and restaurants, irrespective of fault.
For electrical appliances like air conditioners that are over 10 years old from the date of manufacture, compensation cannot be obtained under the repair cost coverage clause. This clause compensates only if actual repair costs are incurred, meaning costs incurred from replacement or purchasing new products instead of repair are also not covered. However, some products may provide compensation even in the case of appliance exchanges, so the coverage must be confirmed.
It should also be noted that travelers' insurance does not compensate for simple loss of personal belongings during travel. Travelers' insurance compensates only if the theft of personal belongings is proven. However, in the case of damage to mobile phones, compensation will be proportional within the actual repair cost.