FSS Advises Drivers to Review Auto Insurance Riders Ahead of Summer Vacations and Rainy Season

Secondary Accidents and Flooding Common While Stopped on Highways

Review Emergency Dispatch Riders and Coverage Before Departure

The Financial Supervisory Service issued a notice on July 8, advising drivers to review automobile insurance riders ahead of the summer vacation season and the rainy season in July and August, in order to prepare for potential accident risks.

According to Korea Expressway Corporation, the number of secondary accidents on highways increased by 30% over four years, from 50 cases in 2021 to 65 cases last year. A secondary accident refers to an accident that occurs while a vehicle is stopped due to an accident or breakdown on a highway.

The increase in the number of casualties was even greater than the rise in accident cases. The number of victims of secondary accidents grew by 46%, from 63 in 2021 to 92 last year.

According to the Financial Supervisory Service, the scale of flood damage in July and August averaged 44.3 billion won over the past five years, more than double the usual 20.3 billion won due to the rainy season and related factors. There were 7,035 damage cases, with 65% (4,589 cases) concentrated in July and August.

According to Korea Expressway Corporation, the fatality rate of secondary accidents is about five times higher than that of general accidents. A significant number of victims were harmed while remaining inside or near their vehicles. In response, the Financial Supervisory Service advised following the 'Beat Box' campaign from Korea Expressway Corporation in the event of an accident. The campaign instructs drivers to 'Turn on the hazard lights, open the trunk, evacuate beyond the guardrail, and report via smartphone.'

If an accident occurs, drivers should: ▲Preserve the accident scene and secure evidence using a smartphone ▲Report the accident to the insurance company's call center ▲Notify the police if there are any personal injuries, and follow these procedures.

During the rainy season, drivers should use the 'Emergency Evacuation Notification Service' to identify flood-prone areas and move quickly to a safe location.

In the event of unexpected emergencies such as a flat tire or fuel shortage, drivers can use the 'Emergency Dispatch Service rider.' This rider covers emergency towing, fuel delivery, battery charging, tire repair or replacement, and unlocking services.

However, coverage begins at midnight on the day of enrollment, so drivers must sign up at least the day before departure to receive compensation. In addition, as the number of uses of the emergency dispatch service may be limited, it is advisable to consult with the insurance company before purchasing the rider.

A Financial Supervisory Service official stated, "During the summer vacation season, long-distance driving and heavy rain can lead to unexpected accidents, so it is important to drive with extra caution."

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