Standardized Agreement for Insurance
General Insurance
For all vehicles, in the event of an accident:
Maximum coverage: 5,000,000 KRW
Customer deductible: 500,000 KRW + loss-of-use fee
Requirements
Age 26 or older
More than 1 year of driving experience
Premium Insurance
For all vehicles, in the event of an accident:
Maximum coverage: 5,000,000 KRW
Customer deductible: 0 KRW
Requirements
Age 26 or older
More than 2 year of driving experience
※ Both General and Premium insurance do not cover theft of the vehicle, tires, wheels, keys, or consumables.
※ The loss-of-use fee is calculated at 50% of the vehicle’s daily rental rate.
For example, if a vehicle with a daily rental rate of 50,000 KRW requires three days to repair (50,000 × 3 = 150,000 KRW), the renter must pay a 75,000 KRW loss-of-use fee (50% of 150,000 KRW).
■Liability Insurance
We provide complimentary liability insurance to all customers:
Third-party bodily injury: Unlimited
Property damage: Up to 20,000,000 KRW per incident
Driver’s injury: Up to 15,000,000 KRW
A deductible of 500,000 KRW applies per claim.