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Understanding your auto insurance policy
can be confusing and time consuming.

What is Bodily Injury Liability? How does it apply in Korea?
Bodily injury liability provides coverage in case you cause an accident in which another person or group of people are hurt.
It covers the Bodily injury damages that you're legally responsible for, and provides a legal protection if victims charge you for damages.
That's why Bodily injury coverage is mandatory in Korea.

What is Bodily Injury Liability? How does it apply in Korea?
Bodily Injury liability minimum limits are shown like as this: 100ML(Death)/20ML(Injury)/100ML(Disability)
- Currency is based on Korean Won. This is meant to represent the highest amount per person and
per accident that your insurance company would pay if you had to use this insurance.
So for example, if your limit was 100ML(Death)/20ML(Injury)/100ML(Disability) and you caused an
accident that injured other people, your insurance would pay for up to
100/20/100ML of one person's medical bills.

How much coverage do I need?
When choosing your Bodily Injury liability limits, you should think of all of your assets. The reason is
Because if you don't have enough coverage to protect all of your assets, those assets could be at risk
if you're liable for damages that exceed your coverage limit.
So, I usually recommend most my clients to choose this coverage to be Unlimited. Because there are
only 10~20 dollars difference between limited coverage options and unlimited
coverage. So even if you crash your car with the bus which has full passengers inside, there won't be
any personal expenses you need to pay if you go with Unlimited option.

Benefits Minimum Basic Full
Mandatory by Law Compulsory Compulsory Compulsory
Limited Unlimited Unlimited
$20,000 $50,000 $100,000
Comprehensive -   Yes
Collision -   Yes
- 200 MIL KRW 200 MIL KRW
- 15MIL Death
15MIL Injury
15MIL Disability
30MIL Death
15MIL Injury
30MIL Disability
Yes Yes Yes

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