INT'L
Terms
  1. It is a type of security for the auto insurance that pays for the insured against any damages resulting in the loss of property, destruction, or the damage of another’s property by the auto accident caused during the term of the ownership, use and, the management of the vehicle.
  2. It is an accident in which a vehicle is stolen and is not recovered within 30 days from when it was reported to the police, resulting in the handling of the auto insurance. (This handling is available only if you subscribe to an auto insurance to cover for your own vehicle’s damage.)
  3. This is an accident in which the amount of the insurance coverage to be paid has not yet been determined because the handling of the accident is not completed after the insurance company has begun the handling of the auto accident.
  4. It is an amount paid by the insurance company with the exclusion of the deductible and the error compensation in the case of an insurance accident occurring in an automotive insurance.
  5. If a vehicle is damaged due to an auto accident, it is the direct cost of repairing the car such as components, labor, and painting, with the exclusion of any indirect damages such as auto transportation cost and rental fee and any error compensation, among others.
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Flood Damage History
A service that provides information on the vehicles with flood damage based on the auto insurance accident records.
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Legal Disclaimer

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Legal Disclaimer

Limitations of information

  • The Korea Insurance Development Institute is an organization established under Article 176 of the Insurance Business Act. This used car accident history information service is a service that is provided in cooperation with the non-life insurance companies and the Ministry of Land, Infrastructure, and Transport for the transparent used car transactions, among others.
    The used car accident history information provided by this service is based on the auto insurance accident data since 1996, among others, and may be changed or delayed depending on the circumstances of the information source institutions providing the serviced basic data to the Korea Insurance Development Institute. Since it takes the time for the information delivery (a minimum of 2 months), it is necessary for the user to check the history of changes of history on the service with the latest data possible. If the insurance company does not have the reported facts of the insurance accidents or if the insurance accidents are not handled, please be advised that such relevant information may not be provided.

Limitations of liability

  • The Korea Insurance Development Institute endeavors to provide the best service possible continuously and stably and is also doing its best to comply with the relevant laws and regulations.
    The Korea Insurance Development Institute is not liable for the consequences to the user for any of the reasons applicable under Article 15 (Disclaimer) of the Terms and Conditions of Use, and any act in violation of Article 11 (Obligations of User) may be reported to the relevant authorities subject to any civil and criminal prosecution for which the Korea Insurance Development Institute will be not responsible in any way whatsoever. The Korea Insurance Development Institute will not be liable for any and all problems caused by any misuse of or reliance on this service, and the limitations of liability includes any and all direct, indirect, incidental, and consequential damages.

Others

  • The Korea Insurance Development Institute is entitled to all of the rights under the copyright law of this website (www.KoreaVin.com), and it is against the copyright law if any of the services provided through this website is used without any prior permission of the Korea Insurance Development Institute for any purpose whatsoever.

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