DB Insurance Obtains 3-Month Exclusive Rights for New Car Accident Lawyer Fee Coverage

[Asia Economy Reporter Changhwan Lee] DB Insurance announced that its special rider ‘Attorney Fees for Car Accident Cases (Including Police Investigation for Third-Party Death and Serious Traffic Violations) (Actual Expenses)’, launched on the 1st of last month, has obtained a 3-month exclusive usage right.

The New Product Review Committee of the General Insurance Association highly evaluated the usefulness and originality of this coverage, which is the first in the industry to guarantee attorney fees from the police investigation stage before prosecution, and granted the exclusive usage right.

Previously, attorney fees for traffic accident cases were covered only after the police investigation stage was completed and actual detention or prosecution procedures took place. However, this new coverage guarantees attorney fees even for the summary indictment or non-prosecution stages, which were not covered by the industry before, and further extends to attorney fees incurred during the police investigation (non-referral) stage in cases of third-party death and serious traffic violations.

‘Non-referral’ refers to a case being closed without being forwarded to the prosecutor after a police investigation, a concept newly introduced following the adjustment of investigative authority between prosecutors and police in January last year.

Additionally, DB Insurance’s Chamjoheun Driver Accident Insurance has strengthened its coverage by reflecting the advance payment of deposit money due to system changes and adding two new coverages related to falling objects and roadkill accidents, which have recently become issues.

A DB Insurance official stated, “We will continue to develop new product structures and coverages to maintain product competitiveness that leads the industry.”

This content was produced with the assistance of AI translation services.