SOCAR additionally provides AXA driver's insurance based on the waiver product you selected, in addition to SOCAR's comprehensive car insurance and vehicle damage waiver system.
1. Accident handling support fund during driving
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During the rental period of the reserved vehicle, if the insured (the person who made the reservation) causes an accidental injury to a third party (excluding parents, spouse, and children of the insured but including other passengers), due to a sudden and unexpected car accident while driving a SOCAR vehicle, the insured will provide accident handling support funds equivalent to the amount paid as a criminal settlement for each victim. This applies to cases of fatal accidents for victims, serious injuries due to general traffic accidents, and cases involving serious violations of traffic laws. The insurance also guarantees the amount actually borne by the customer for settlement within the specified limits to mitigate criminal punishment or liability through criminal settlement. However, insurance benefits will not be provided for accidents where the insured fled the scene, or drove under the influence of alcohol, drugs, or in an unlicensed state
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If the victim dies: Up to 30 million won limit.
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Major violation of traffic laws" refers to cases where the victim receives a diagnosis requiring treatment for 42 days or more (based on one victim):
- Diagnosis of 42 days or more but less than 70 days: Limit of 10 million won
- Diagnosis of 70 days or more but less than 140 days: Limit of 20 million won
- Diagnosis of 140 days or more: Limit of 30 million won
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During the rental period of the reserved vehicle, if the insured (the person who made the reservation) causes an accidental injury to a third party (excluding parents, spouse, and children of the insured but including other passengers), due to a sudden and unexpected car accident while driving a SOCAR vehicle, the insured will provide accident handling support funds equivalent to the amount paid as a criminal settlement for each victim. This applies to cases of fatal accidents for victims, serious injuries due to general traffic accidents, and cases involving serious violations of traffic laws. The insurance also guarantees the amount actually borne by the customer for settlement within the specified limits to mitigate criminal punishment or liability through criminal settlement. However, insurance benefits will not be provided for accidents where the insured fled the scene, or drove under the influence of alcohol, drugs, or in an unlicensed state
If the victim sustains serious injuries in a general traffic accident, resulting in prosecution by the prosecutor's office under the Criminal Code, or if the injuries correspond to Grade 1, Grade 2, or Grade 3 injuries as defined in the Enforcement Decree of the Automobile Liability Insurance Act
- Limit of 30 million won
2. Legal fees for hiring an attorney for an accident that occurred while driving.
During the rental period of the reserved vehicle, if the insured (the person who made the reservation) causes an accidental injury to a third party (excluding parents, spouse, and children of the insured but including other passengers) due to a sudden and unexpected car accident while driving a SOCAR vehicle, resulting in the death or injury of the victim and leading to arrest or prosecution (excluding summary prosecution), actual expenses incurred for hiring a lawyer will be compensated up to a maximum of 5 million won. However, compensation will not be provided if the insured disputes a summary order of the court after summary prosecution. Additionally, insurance benefits will not be provided for accidents where the insured fled the scene, or drove under the influence of alcohol, drugs, or in an unlicensed state.
3. Fines for accidents that occur while driving
During the rental period of the reserved vehicle, if the insured (the person who made the reservation) causes bodily injury to another person due to a sudden and unexpected car accident while driving a SOCAR vehicle, resulting in a confirmed court judgment regarding the fine amount for bodily injury, insurance coverage is provided up to a maximum of 20 million won per accident. However, insurance benefits will not be provided for accidents where the insured fled the scene, or drove under the influence of alcohol, drugs, or in an unlicensed state.
4. General injury, fracture, or burn surgery
If during the rental period of the reserved vehicle, the insured (the person who made the reservation) sustains injuries as a direct result of an accident, such as fractures or burns (second-degree or higher), diagnosed and confirmed for surgical treatment, compensation is provided up to a maximum of 100,000 won per incident. However, compensation will not cover surgeries related to hygiene management, cosmetic surgery for beauty purposes, congenital deformities, or hospital stays related to these conditions.
※ Important Notes
- Driver's insurance covers accidents that occur while the insured (the person who made the reservation) is driving a SOCAR vehicle during the rental period of the reserved vehicle. It does not cover accidents where a co-driver or a third party is driving.
- Accidents occurring after returning the rental vehicle are not covered.
- Intentional accidents, accidents under the influence of alcohol, drugs, or narcotics, and accidents involving unlicensed driving are not covered.
- Accidents caused by the insured driving the vehicle for racing, practice for racing, or testing purposes are not covered.
- Accidents caused by the insured driving the vehicle for commercial purposes are not covered.
- If the insured has driver's insurance with another insurance company, duplicate payments will not be made. (Proportional compensation)
- The beneficiary of the insurance contract is the legal inheritor in case of death, otherwise, it is the insured.
- General injury, fracture, or burn surgeries are compensated if they result directly from an accident during the rental period of the reserved vehicle, where the insured sustains injuries requiring surgical treatment as diagnosed. (Refer to the policy for details on non-compensable damages.)