Third Party Insurance (TI)
All vehicle are inclusive of TI.
Protection coverage for the vehicle rented includes Third Party Liability with a maximum cover of 20~35 millions KRW for material damages and with unlimited cover for personal injuries.
Collision Damage Waiver (CDW)
CDW will cover only one accidents or one collision damage per vehicle.
If collision damage cost more than coverage limit, renter must pay the differences.
CDW would not be accepted
1) Accidents in UDO island 2)Out of hours contract time 3)Unregistered Driver 4) Exceeding maximum capacity 4) Hit and run
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Normal CDW
Maximum coverage - 3,000,000 KRW. (This may vary by vehicle type)
Deductible 300,000 KRW + business loss cost ( 50% of 1day rental fare per repairing day)
if damage cost less than 300,000 KRW, renter must pay repairing cost + business loss cost
