Samsung Fire & Marine Insurance announced on the 27th that it has launched an insurance rider that covers actual expenses for flight delays or cancellations abroad lasting more than 2 hours, called 'Flight Delay (Over 2 Hours) and Cancellation Loss (Actual Costs) Rider (Excluding Domestic Departures).'
The overseas 2-hour flight delay rider covers losses incurred when flights to Korea from foreign airports and all flights departing from foreign airports (transfers, moves) are delayed or canceled for more than 2 hours, providing coverage for actual expenses up to 500,000 won.
If expenses such as food and beverage costs or accommodation costs arise while waiting for delayed flights abroad, these expenses can be covered through the rider.
With this launch, Samsung Fire & Marine's overseas travel insurance will provide coverage for flight delays of more than 2 hours at all domestic and foreign airports, a first in the industry, including the previously launched 'Aircraft Delay and Cancellation Compensation (Index Type) Rider' in January.
If customers traveling abroad subscribe to all of Samsung Fire & Marine's flight delay-related riders, they can receive immediate compensation of up to 100,000 won for domestic flight delays in a simple fixed amount, and for overseas flight delays that may incur significant expenses such as accommodation, they can be compensated for actual expenses up to 500,000 won.
A representative from Samsung Fire & Marine stated, "Sudden flight delays, even for a short time, can cause significant inconvenience to customers," adding, "With Samsung Fire & Marine's overseas travel insurance, which guarantees coverage for flights delayed by more than 2 hours anywhere, we can help ensure customers enjoy their trips."