Ganghwa County Encourages Enrollment in Wind and Flood Damage Insurance

[Suwon Ilbo=Reporter Shin Eun-seop] Ganghwa County announced on the 24th that it is actively encouraging residents to enroll in wind and flood damage insurance to be compensated for property damage in preparation for natural disasters such as typhoons and floods expected during the upcoming summer season.

Wind and flood damage insurance is a policy insurance overseen by the Ministry of the Interior and Safety and operated by private insurance companies. Eligible facilities for enrollment include residential properties (including movable property) and greenhouses (including vinyl houses), as well as commercial establishments and factories (small business owners). Starting this year, residential properties in disaster-vulnerable areas will be added to residential group enrollment insurance programs.

This year's wind and flood damage insurance subsidy rates are 70% for general households, 77.5% for near-basic-income households, 86.5% for basic livelihood recipients for residential properties, and 70% for greenhouses and small business commercial establishments and factories, with the insured bearing 30% or less. Additionally, unlike disaster relief funds that cover only partial amounts for livelihood support purposes, wind and flood damage insurance can compensate up to 90% of the enrolled amount, enabling substantial recovery.

The county plans to subsidize 52.5% to a maximum of 92% of insurance premiums that policyholders must bear, ensuring practical compensation for property damage from various wind and flood disasters. Inquiries about wind and flood damage insurance enrollment can be made at local eup and myeon offices or through insurance companies handling such insurance.

A county official stated, "Last year, residents affected by typhoons 'Maysak' and 'Haishen' had low enrollment rates and did not receive many benefits," and urged, "As natural disasters are increasing due to recent abnormal weather conditions, please be sure to enroll in wind and flood damage insurance to minimize damage."