{"content_id":"btbhm0j8fl","slug":"2026-storm-flood-earthquake-insurance-support-rates","locale":"en","schema_type":"Article","category":"knowledge_base","category_name":"Knowledge Base","title":"2026 Storm and Earthquake Disaster Insurance Subsidy Rates: Homes, Greenhouses, Shops, and Factories","summary":"2026 Storm and Earthquake Disaster Insurance covers natural disaster damage to homes, tenants’ personal property, agricultural and forestry greenhouses, and small-business shops and factories, with premium subsidies ranging from 55% to 100% depending on eligibility. This explains what the subsidy rates mean, the conditions for full premium support, the difference between individual and group enrollment, and the relationship with disaster relief grants.","sponsorship_disclosure":null,"author":{"name":"Injoys Editorial Team","url":"https://injoys.com/ko/about"},"key_points":["The basic 2026 premium subsidy rates are at least 55% for general households, 70% for agricultural and forestry greenhouses, and 55% for small-business shops and factories.","For owner-occupied or rented homes, single-parent families and near-poverty households are eligible for premium subsidies of at least 77.5%, while basic livelihood security recipients are eligible for at least 86.5%.","Low-income households that meet certain disaster history or disaster-vulnerable area requirements may be eligible for full premium support.","Tenants should confirm that they must separately insure personal property they own, such as household belongings, rather than the building itself.","Insurance payouts and disaster relief grants have different legal bases and calculation methods. For support covering the same damage, both the insurance policy and the applicable year’s disaster recovery standards should be reviewed."],"content_markdown":"Storm, Flood, and Earthquake Disaster Insurance is a government-backed insurance program under which the central and local governments subsidize part of the premium, and the insurer pays benefits according to the contract when the policyholder suffers damage from natural disasters covered by the policy, such as typhoons, heavy rain, floods, and earthquakes. According to the practical manual published by the Ministry of the Interior and Safety in March 2026, eligible properties are categorized as homes and tenants’ movable property, greenhouses used for agriculture or forestry, and commercial premises and factories operated by small business owners.\n\nThis is a program that subsidizes insurance premiums, not a disaster assistance program that automatically covers all property. Before signing a contract, applicants must verify eligibility, the insured property, the amount of coverage, the deductible, and the coverage start date.\n\n## 2026 Premium Subsidy Rates by Eligibility Category\n\nThe subsidy rate generally refers to the combined percentage of the premium covered by the central and local governments. Therefore, the figures below do not represent the percentage covered by the central government alone.\n\n| Eligibility category | 2026 premium subsidy standard | Policyholder’s basic share | Items to verify |\n|---|---:|---:|---|\n| General homes | At least 55% | At most 45% | Whether additional local government subsidies are available |\n| Homes of single-parent families and near-poverty households | At least 77.5% | At most 22.5% | Eligibility and the occupied home |\n| Homes of basic livelihood security recipients | At least 86.5% | At most 13.5% | Recipient eligibility and insured property |\n| Homes of low-income households in disaster-vulnerable areas that meet specified requirements | Up to 100% | May be 0% | Disaster history, area, and income requirements |\n| Greenhouses used for agriculture or forestry | 70% | 30% | Whether the greenhouse is legally compliant |\n| Commercial premises and factories operated by small business owners | 55% | 45% | Small business status and the distinction between facilities and inventory |\n\n“At least” in the table means that a local government may provide additional premium subsidies from its budget. The actual amount payable varies depending on the address, building structure and area, insured amount, deductible, product type, group enrollment discount, and additional local government subsidies.\n\n### Full Subsidies Do Not Apply to Everyone\n\nA 100% premium subsidy for homes is not a universal standard automatically applied to all basic livelihood security recipients or near-poverty households. Applicants must meet official requirements, such as having previously received Storm, Flood, and Earthquake Disaster Insurance benefits or disaster assistance, or residing in a disaster-vulnerable area.\n\nDetailed eligibility selection and budget execution may vary by local government. It is advisable to check the following with the disaster management department of the city, county, or district governing the applicant’s address, or with the insurance company:\n\n- Whether the address is within a disaster-vulnerable area\n- Whether eligibility as a basic livelihood security recipient, near-poverty household, or single-parent family can be verified\n- Whether any history of receiving insurance benefits or disaster assistance satisfies the requirements\n- Whether the local government still has a budget available for full premium subsidies\n\n## How Homes and Tenants’ Movable Property Differ\n\nHomeowners and tenants need to insure different types of property.\n\n- **Homeowners:** The building itself and household goods they own may be considered for coverage as insured property.\n- **Tenants:** They generally enroll primarily for movable property inside the home that they own, such as furniture, home appliances, and clothing.\n- **Landlords and tenants:** A landlord may insure the building, while a tenant may separately insure their own movable property. One party’s contract does not automatically cover the other party’s property.\n- **Multi-unit residential buildings:** Because ownership and management arrangements differ between private and common areas, applicants must distinguish between any group enrollment arranged by the management office and the scope they wish to cover individually.\n\nTenants should not assume that both the building and movable property are covered simply because the application form states “home.” They must check whether movable property is included under the insured property section of the insurance policy.\n\n## Scope of Coverage for Greenhouses and Small Business Commercial Premises and Factories\n\n### Greenhouses Used for Agriculture or Forestry\n\nGreenhouses used for agricultural or forestry purposes are eligible, and this may include vinyl greenhouses. However, underwriting eligibility may vary depending on the actual use, facility type, structure, and legal compliance. Applicants must separately check the insured property and policy terms to determine whether crops and various types of equipment inside the greenhouse are automatically included in full.\n\n### Small Business Commercial Premises and Factories\n\nCommercial premises and factories operated by small business owners are eligible. Buildings, facilities and fixtures, machinery, and inventory may be treated as separate insured properties, so applicants must verify the coverage amount for each enrolled item.\n\nIf a business operates from leased commercial premises, the building may belong to the landlord. The tenant business operator should check whether their own facilities, fixtures, and inventory are listed in the policy. Documents verifying small business status may also be required.\n\n## Which Natural Disasters Are Covered\n\nTypical covered disasters include typhoons, floods, heavy rain, strong winds, high seas, tsunamis, heavy snow, earthquakes, and earthquake-triggered tsunamis. However, not all damage occurring during a natural disaster is eligible for insurance benefits.\n\nThe following factors are important when reviewing an insurance claim:\n\n1. Whether the direct cause of the loss is a disaster covered under the policy terms\n2. Whether the damaged building, movable property, facilities, or inventory is included in the insurance policy\n3. Whether the damage occurred during the insurance period\n4. Whether any exclusions or deductibles apply\n5. The amount of the actual loss and the insured amount\n\nFor example, a simple leak caused by aging pipes or inadequate waterproofing may be treated differently from flooding caused by a natural disaster, even if it is discovered during a period of heavy rain. Conversely, if a living area is flooded due to a river overflowing or torrential rain, photographs and records proving the cause of the damage, water level, and condition of the damage are important.\n\n## Differences Between Individual Enrollment and Local Government Group Enrollment\n\n### Individual Enrollment\n\nUnder this method, the applicant contacts a participating insurance company directly to determine the insured property and coverage conditions. One advantage is the ability to select the insured amount, deductible, and whether movable property, facilities, and inventory are included in relatively specific detail.\n\nThe general verification process is as follows:\n\n1. Classify the property to be insured as a home, movable property, greenhouse, commercial premises, or factory.\n2. Prepare requested documents, such as the building register, lease agreement, and documents verifying small business status.\n3. Verify subsidy eligibility and whether additional local government subsidies are available.\n4. Review the application details showing the insured property, insured amount, deductible, and coverage period.\n5. Confirm the final premium payable by the applicant after central and local government subsidies and discounts have been applied.\n\n### Local Government Group Enrollment\n\nA local government may collect residents’ applications and arrange enrollment through a group contract. Depending on the product and participation conditions, group enrollment discounts or additional local government subsidies may apply.\n\nHowever, group enrollment does not mean that all residents automatically become insured persons. Applicants must check the application and consent procedures, eligible areas, enrollment period, and whether the property has been registered. The discount amount also varies according to the contract terms and should not be assumed to be a fixed percentage.\n\n## Why Actual Premiums Differ Even When the Subsidy Rate Is the Same\n\nThe subsidy rate alone does not indicate the amount the policyholder must pay or the amount of future insurance benefits. This is because the subsidy rate represents the share of the calculated premium covered by the central and local governments.\n\nFor example, even if two homes have the same subsidy rate, their total premiums and out-of-pocket amounts may differ if the following conditions are different:\n\n- Disaster risk by region\n- Home structure and area\n- Insured amount\n- Product structure, such as fixed-benefit or indemnity-based coverage\n- Deductible selection\n- Additional local government subsidies\n- Applicable discounts, such as group enrollment discounts\n\nTherefore, a “55% subsidy rate” does not mean that only 55% of the insurance benefit will be paid. Insurance benefits are calculated separately according to the contracted coverage method, actual damage, insured amount, and policy terms.\n\n## Six Figures to Check in a Premium Quote\n\nFocusing only on comparing subsidy rates can make it easy to overlook actual gaps in coverage. The following figures should also be checked in the application form or quote:\n\n| Item to check | Meaning |\n|---|---|\n| Total premium | Premium calculated before subsidies are applied |\n| Central and local government subsidy amount | Premium covered by public funds |\n| Discount amount | Contractual discount amount, such as a group enrollment discount |\n| Final out-of-pocket amount | Premium actually paid by the policyholder |\n| Insured amount and coverage limit | Maximum amount and criteria used to calculate compensation when damage occurs |\n| Deductible | Amount borne by the policyholder when an insured event occurs |\n\nThis distinction is also useful for determining whether additional local government subsidies are included in the “subsidy rate” and whether group enrollment discounts are applied separately from subsidies.\n\n## How Disaster Assistance Differs from Insurance Benefits\n\n| Category | Storm, Flood, and Earthquake Disaster Insurance benefits | Disaster assistance |\n|---|---|---|\n| Basis | Insurance contract and policy terms | Laws and regulations related to disaster relief and recovery, and the government recovery plan |\n| Paying entity | Contracted insurance company | Central or local government |\n| Prerequisite | A valid insurance contract must be in effect before the damage occurs | Damage reporting, official investigation, and satisfaction of assistance requirements |\n| Calculation method | Insured amount, compensation method, loss amount, deductible, and other factors | Administrative assistance standards by type of damage |\n| Nature | Compensation for losses under a contract | Administrative assistance for livelihood stability and recovery |\n\nIt cannot be assumed that an insured person will always receive both insurance benefits and disaster assistance for the same damaged property. Disaster assistance may be restricted or adjusted for the same property and the same loss.\n\nHowever, items not covered by insurance, separate livelihood assistance, or other categories of damage may qualify for administrative assistance. The following materials are required for an actual determination:\n\n- Insurance policy terms and insurance policy applicable at the time of enrollment\n- Details of insurance benefits paid for each damaged property\n- Natural disaster recovery plan and assistance standards for the relevant year\n- Results of the damage assessment prepared by the local government\n\nWhen reporting damage, applicants should not conceal their insurance enrollment or whether they have filed an insurance claim. It is advisable to submit the same list of damaged items to both the insurance company and the local government to check for duplication.\n\n## Checklist Before Enrollment and Immediately After Damage\n\n### Before Enrollment\n\n- Distinguish which buildings, movable property, facilities, machinery, and inventory should be covered.\n- Verify that the address on the insurance policy matches the actual address of the insured property.\n- Tenants should prepare their lease agreement and a list of movable property they own.\n- Small business owners should verify their business registration and small business status.\n- Check the insurance coverage start and end dates.\n- Compare not only the final amount payable but also the deductible and coverage limit.\n\n### Immediately After Damage\n\n- Where it is safe to do so, take photographs and videos showing the floodwater height and condition of the damage.\n- Before disposing of anything, ask the insurance company about preservation and repair procedures.\n- Prepare a list stating the date and cause of the damage, affected items, quantities, and estimated losses.\n- Report the incident to the insurance company and also check the local government’s damage reporting procedures.\n- Retain repair estimates, receipts, and ownership records.\n\nDamage that has already occurred cannot be covered by a contract newly purchased after the incident. When a typhoon or heavy rain is imminent, an insurance company may restrict site inspections or underwriting, so it is safer to finalize the contract before a disaster is forecast.\n\n## Points to Note When Checking the 2026 Standards\n\nThe Ministry of the Interior and Safety published the Storm, Flood, and Earthquake Disaster Insurance practical manual in March 2026. However, actual enrollment is also subject to the latest product terms, local government budgets, group contract enrollment periods, and underwriting standards for each individual property.\n\nTherefore, applicants should not determine their out-of-pocket amount based only on the official subsidy rate table. Immediately before signing a contract, they should reconfirm the following three points with the local government governing their address and a participating insurance company:\n\n1. Their subsidy eligibility and applicable subsidy rate\n2. Whether additional subsidies and group enrollment are available in the relevant area\n3. The final premium, insured property, coverage limit, and deductible","content_html":"\u003cp\u003eStorm, Flood, and Earthquake Disaster Insurance is a government-backed insurance program under which the central and local governments subsidize part of the premium, and the insurer pays benefits according to the contract when the policyholder suffers damage from natural disasters covered by the policy, such as typhoons, heavy rain, floods, and earthquakes. According to the practical manual published by the Ministry of the Interior and Safety in March 2026, eligible properties are categorized as homes and tenants’ movable property, greenhouses used for agriculture or forestry, and commercial premises and factories operated by small business owners.\u003c/p\u003e\n\u003cp\u003eThis is a program that subsidizes insurance premiums, not a disaster assistance program that automatically covers all property. Before signing a contract, applicants must verify eligibility, the insured property, the amount of coverage, the deductible, and the coverage start date.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#2026-premium-subsidy-rates-by-eligibility-category\" class=\"anchor\" id=\"2026-premium-subsidy-rates-by-eligibility-category\"\u003e\u003c/a\u003e2026 Premium Subsidy Rates by Eligibility Category\u003c/h2\u003e\n\u003cp\u003eThe subsidy rate generally refers to the combined percentage of the premium covered by the central and local governments. Therefore, the figures below do not represent the percentage covered by the central government alone.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eEligibility category\u003c/th\u003e\n\u003cth\u003e2026 premium subsidy standard\u003c/th\u003e\n\u003cth\u003ePolicyholder’s basic share\u003c/th\u003e\n\u003cth\u003eItems to verify\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Eligibility category\"\u003eGeneral homes\u003c/td\u003e\n\u003ctd data-label=\"2026 premium subsidy standard\"\u003eAt least 55%\u003c/td\u003e\n\u003ctd data-label=\"Policyholder’s basic share\"\u003eAt most 45%\u003c/td\u003e\n\u003ctd data-label=\"Items to verify\"\u003eWhether additional local government subsidies are available\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Eligibility category\"\u003eHomes of single-parent families and near-poverty households\u003c/td\u003e\n\u003ctd data-label=\"2026 premium subsidy standard\"\u003eAt least 77.5%\u003c/td\u003e\n\u003ctd data-label=\"Policyholder’s basic share\"\u003eAt most 22.5%\u003c/td\u003e\n\u003ctd data-label=\"Items to verify\"\u003eEligibility and the occupied home\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Eligibility category\"\u003eHomes of basic livelihood security recipients\u003c/td\u003e\n\u003ctd data-label=\"2026 premium subsidy standard\"\u003eAt least 86.5%\u003c/td\u003e\n\u003ctd data-label=\"Policyholder’s basic share\"\u003eAt most 13.5%\u003c/td\u003e\n\u003ctd data-label=\"Items to verify\"\u003eRecipient eligibility and insured property\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Eligibility category\"\u003eHomes of low-income households in disaster-vulnerable areas that meet specified requirements\u003c/td\u003e\n\u003ctd data-label=\"2026 premium subsidy standard\"\u003eUp to 100%\u003c/td\u003e\n\u003ctd data-label=\"Policyholder’s basic share\"\u003eMay be 0%\u003c/td\u003e\n\u003ctd data-label=\"Items to verify\"\u003eDisaster history, area, and income requirements\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Eligibility category\"\u003eGreenhouses used for agriculture or forestry\u003c/td\u003e\n\u003ctd data-label=\"2026 premium subsidy standard\"\u003e70%\u003c/td\u003e\n\u003ctd data-label=\"Policyholder’s basic share\"\u003e30%\u003c/td\u003e\n\u003ctd data-label=\"Items to verify\"\u003eWhether the greenhouse is legally compliant\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Eligibility category\"\u003eCommercial premises and factories operated by small business owners\u003c/td\u003e\n\u003ctd data-label=\"2026 premium subsidy standard\"\u003e55%\u003c/td\u003e\n\u003ctd data-label=\"Policyholder’s basic share\"\u003e45%\u003c/td\u003e\n\u003ctd data-label=\"Items to verify\"\u003eSmall business status and the distinction between facilities and inventory\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003e“At least” in the table means that a local government may provide additional premium subsidies from its budget. The actual amount payable varies depending on the address, building structure and area, insured amount, deductible, product type, group enrollment discount, and additional local government subsidies.\u003c/p\u003e\n\u003ch3\u003e\n\u003ca href=\"#full-subsidies-do-not-apply-to-everyone\" class=\"anchor\" id=\"full-subsidies-do-not-apply-to-everyone\"\u003e\u003c/a\u003eFull Subsidies Do Not Apply to Everyone\u003c/h3\u003e\n\u003cp\u003eA 100% premium subsidy for homes is not a universal standard automatically applied to all basic livelihood security recipients or near-poverty households. Applicants must meet official requirements, such as having previously received Storm, Flood, and Earthquake Disaster Insurance benefits or disaster assistance, or residing in a disaster-vulnerable area.\u003c/p\u003e\n\u003cp\u003eDetailed eligibility selection and budget execution may vary by local government. It is advisable to check the following with the disaster management department of the city, county, or district governing the applicant’s address, or with the insurance company:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eWhether the address is within a disaster-vulnerable area\u003c/li\u003e\n\u003cli\u003eWhether eligibility as a basic livelihood security recipient, near-poverty household, or single-parent family can be verified\u003c/li\u003e\n\u003cli\u003eWhether any history of receiving insurance benefits or disaster assistance satisfies the requirements\u003c/li\u003e\n\u003cli\u003eWhether the local government still has a budget available for full premium subsidies\u003c/li\u003e\n\u003c/ul\u003e\n\u003ch2\u003e\n\u003ca href=\"#how-homes-and-tenants-movable-property-differ\" class=\"anchor\" id=\"how-homes-and-tenants-movable-property-differ\"\u003e\u003c/a\u003eHow Homes and Tenants’ Movable Property Differ\u003c/h2\u003e\n\u003cp\u003eHomeowners and tenants need to insure different types of property.\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eHomeowners:\u003c/strong\u003e The building itself and household goods they own may be considered for coverage as insured property.\u003c/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eTenants:\u003c/strong\u003e They generally enroll primarily for movable property inside the home that they own, such as furniture, home appliances, and clothing.\u003c/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eLandlords and tenants:\u003c/strong\u003e A landlord may insure the building, while a tenant may separately insure their own movable property. One party’s contract does not automatically cover the other party’s property.\u003c/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eMulti-unit residential buildings:\u003c/strong\u003e Because ownership and management arrangements differ between private and common areas, applicants must distinguish between any group enrollment arranged by the management office and the scope they wish to cover individually.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eTenants should not assume that both the building and movable property are covered simply because the application form states “home.” They must check whether movable property is included under the insured property section of the insurance policy.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#scope-of-coverage-for-greenhouses-and-small-business-commercial-premises-and-factories\" class=\"anchor\" id=\"scope-of-coverage-for-greenhouses-and-small-business-commercial-premises-and-factories\"\u003e\u003c/a\u003eScope of Coverage for Greenhouses and Small Business Commercial Premises and Factories\u003c/h2\u003e\n\u003ch3\u003e\n\u003ca href=\"#greenhouses-used-for-agriculture-or-forestry\" class=\"anchor\" id=\"greenhouses-used-for-agriculture-or-forestry\"\u003e\u003c/a\u003eGreenhouses Used for Agriculture or Forestry\u003c/h3\u003e\n\u003cp\u003eGreenhouses used for agricultural or forestry purposes are eligible, and this may include vinyl greenhouses. However, underwriting eligibility may vary depending on the actual use, facility type, structure, and legal compliance. Applicants must separately check the insured property and policy terms to determine whether crops and various types of equipment inside the greenhouse are automatically included in full.\u003c/p\u003e\n\u003ch3\u003e\n\u003ca href=\"#small-business-commercial-premises-and-factories\" class=\"anchor\" id=\"small-business-commercial-premises-and-factories\"\u003e\u003c/a\u003eSmall Business Commercial Premises and Factories\u003c/h3\u003e\n\u003cp\u003eCommercial premises and factories operated by small business owners are eligible. Buildings, facilities and fixtures, machinery, and inventory may be treated as separate insured properties, so applicants must verify the coverage amount for each enrolled item.\u003c/p\u003e\n\u003cp\u003eIf a business operates from leased commercial premises, the building may belong to the landlord. The tenant business operator should check whether their own facilities, fixtures, and inventory are listed in the policy. Documents verifying small business status may also be required.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#which-natural-disasters-are-covered\" class=\"anchor\" id=\"which-natural-disasters-are-covered\"\u003e\u003c/a\u003eWhich Natural Disasters Are Covered\u003c/h2\u003e\n\u003cp\u003eTypical covered disasters include typhoons, floods, heavy rain, strong winds, high seas, tsunamis, heavy snow, earthquakes, and earthquake-triggered tsunamis. However, not all damage occurring during a natural disaster is eligible for insurance benefits.\u003c/p\u003e\n\u003cp\u003eThe following factors are important when reviewing an insurance claim:\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003eWhether the direct cause of the loss is a disaster covered under the policy terms\u003c/li\u003e\n\u003cli\u003eWhether the damaged building, movable property, facilities, or inventory is included in the insurance policy\u003c/li\u003e\n\u003cli\u003eWhether the damage occurred during the insurance period\u003c/li\u003e\n\u003cli\u003eWhether any exclusions or deductibles apply\u003c/li\u003e\n\u003cli\u003eThe amount of the actual loss and the insured amount\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eFor example, a simple leak caused by aging pipes or inadequate waterproofing may be treated differently from flooding caused by a natural disaster, even if it is discovered during a period of heavy rain. Conversely, if a living area is flooded due to a river overflowing or torrential rain, photographs and records proving the cause of the damage, water level, and condition of the damage are important.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#differences-between-individual-enrollment-and-local-government-group-enrollment\" class=\"anchor\" id=\"differences-between-individual-enrollment-and-local-government-group-enrollment\"\u003e\u003c/a\u003eDifferences Between Individual Enrollment and Local Government Group Enrollment\u003c/h2\u003e\n\u003ch3\u003e\n\u003ca href=\"#individual-enrollment\" class=\"anchor\" id=\"individual-enrollment\"\u003e\u003c/a\u003eIndividual Enrollment\u003c/h3\u003e\n\u003cp\u003eUnder this method, the applicant contacts a participating insurance company directly to determine the insured property and coverage conditions. One advantage is the ability to select the insured amount, deductible, and whether movable property, facilities, and inventory are included in relatively specific detail.\u003c/p\u003e\n\u003cp\u003eThe general verification process is as follows:\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003eClassify the property to be insured as a home, movable property, greenhouse, commercial premises, or factory.\u003c/li\u003e\n\u003cli\u003ePrepare requested documents, such as the building register, lease agreement, and documents verifying small business status.\u003c/li\u003e\n\u003cli\u003eVerify subsidy eligibility and whether additional local government subsidies are available.\u003c/li\u003e\n\u003cli\u003eReview the application details showing the insured property, insured amount, deductible, and coverage period.\u003c/li\u003e\n\u003cli\u003eConfirm the final premium payable by the applicant after central and local government subsidies and discounts have been applied.\u003c/li\u003e\n\u003c/ol\u003e\n\u003ch3\u003e\n\u003ca href=\"#local-government-group-enrollment\" class=\"anchor\" id=\"local-government-group-enrollment\"\u003e\u003c/a\u003eLocal Government Group Enrollment\u003c/h3\u003e\n\u003cp\u003eA local government may collect residents’ applications and arrange enrollment through a group contract. Depending on the product and participation conditions, group enrollment discounts or additional local government subsidies may apply.\u003c/p\u003e\n\u003cp\u003eHowever, group enrollment does not mean that all residents automatically become insured persons. Applicants must check the application and consent procedures, eligible areas, enrollment period, and whether the property has been registered. The discount amount also varies according to the contract terms and should not be assumed to be a fixed percentage.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#why-actual-premiums-differ-even-when-the-subsidy-rate-is-the-same\" class=\"anchor\" id=\"why-actual-premiums-differ-even-when-the-subsidy-rate-is-the-same\"\u003e\u003c/a\u003eWhy Actual Premiums Differ Even When the Subsidy Rate Is the Same\u003c/h2\u003e\n\u003cp\u003eThe subsidy rate alone does not indicate the amount the policyholder must pay or the amount of future insurance benefits. This is because the subsidy rate represents the share of the calculated premium covered by the central and local governments.\u003c/p\u003e\n\u003cp\u003eFor example, even if two homes have the same subsidy rate, their total premiums and out-of-pocket amounts may differ if the following conditions are different:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eDisaster risk by region\u003c/li\u003e\n\u003cli\u003eHome structure and area\u003c/li\u003e\n\u003cli\u003eInsured amount\u003c/li\u003e\n\u003cli\u003eProduct structure, such as fixed-benefit or indemnity-based coverage\u003c/li\u003e\n\u003cli\u003eDeductible selection\u003c/li\u003e\n\u003cli\u003eAdditional local government subsidies\u003c/li\u003e\n\u003cli\u003eApplicable discounts, such as group enrollment discounts\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eTherefore, a “55% subsidy rate” does not mean that only 55% of the insurance benefit will be paid. Insurance benefits are calculated separately according to the contracted coverage method, actual damage, insured amount, and policy terms.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#six-figures-to-check-in-a-premium-quote\" class=\"anchor\" id=\"six-figures-to-check-in-a-premium-quote\"\u003e\u003c/a\u003eSix Figures to Check in a Premium Quote\u003c/h2\u003e\n\u003cp\u003eFocusing only on comparing subsidy rates can make it easy to overlook actual gaps in coverage. The following figures should also be checked in the application form or quote:\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eItem to check\u003c/th\u003e\n\u003cth\u003eMeaning\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Item to check\"\u003eTotal premium\u003c/td\u003e\n\u003ctd data-label=\"Meaning\"\u003ePremium calculated before subsidies are applied\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Item to check\"\u003eCentral and local government subsidy amount\u003c/td\u003e\n\u003ctd data-label=\"Meaning\"\u003ePremium covered by public funds\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Item to check\"\u003eDiscount amount\u003c/td\u003e\n\u003ctd data-label=\"Meaning\"\u003eContractual discount amount, such as a group enrollment discount\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Item to check\"\u003eFinal out-of-pocket amount\u003c/td\u003e\n\u003ctd data-label=\"Meaning\"\u003ePremium actually paid by the policyholder\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Item to check\"\u003eInsured amount and coverage limit\u003c/td\u003e\n\u003ctd data-label=\"Meaning\"\u003eMaximum amount and criteria used to calculate compensation when damage occurs\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Item to check\"\u003eDeductible\u003c/td\u003e\n\u003ctd data-label=\"Meaning\"\u003eAmount borne by the policyholder when an insured event occurs\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eThis distinction is also useful for determining whether additional local government subsidies are included in the “subsidy rate” and whether group enrollment discounts are applied separately from subsidies.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#how-disaster-assistance-differs-from-insurance-benefits\" class=\"anchor\" id=\"how-disaster-assistance-differs-from-insurance-benefits\"\u003e\u003c/a\u003eHow Disaster Assistance Differs from Insurance Benefits\u003c/h2\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eCategory\u003c/th\u003e\n\u003cth\u003eStorm, Flood, and Earthquake Disaster Insurance benefits\u003c/th\u003e\n\u003cth\u003eDisaster assistance\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eBasis\u003c/td\u003e\n\u003ctd data-label=\"Storm, Flood, and Earthquake Disaster Insurance benefits\"\u003eInsurance contract and policy terms\u003c/td\u003e\n\u003ctd data-label=\"Disaster assistance\"\u003eLaws and regulations related to disaster relief and recovery, and the government recovery plan\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003ePaying entity\u003c/td\u003e\n\u003ctd data-label=\"Storm, Flood, and Earthquake Disaster Insurance benefits\"\u003eContracted insurance company\u003c/td\u003e\n\u003ctd data-label=\"Disaster assistance\"\u003eCentral or local government\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003ePrerequisite\u003c/td\u003e\n\u003ctd data-label=\"Storm, Flood, and Earthquake Disaster Insurance benefits\"\u003eA valid insurance contract must be in effect before the damage occurs\u003c/td\u003e\n\u003ctd data-label=\"Disaster assistance\"\u003eDamage reporting, official investigation, and satisfaction of assistance requirements\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eCalculation method\u003c/td\u003e\n\u003ctd data-label=\"Storm, Flood, and Earthquake Disaster Insurance benefits\"\u003eInsured amount, compensation method, loss amount, deductible, and other factors\u003c/td\u003e\n\u003ctd data-label=\"Disaster assistance\"\u003eAdministrative assistance standards by type of damage\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eNature\u003c/td\u003e\n\u003ctd data-label=\"Storm, Flood, and Earthquake Disaster Insurance benefits\"\u003eCompensation for losses under a contract\u003c/td\u003e\n\u003ctd data-label=\"Disaster assistance\"\u003eAdministrative assistance for livelihood stability and recovery\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eIt cannot be assumed that an insured person will always receive both insurance benefits and disaster assistance for the same damaged property. Disaster assistance may be restricted or adjusted for the same property and the same loss.\u003c/p\u003e\n\u003cp\u003eHowever, items not covered by insurance, separate livelihood assistance, or other categories of damage may qualify for administrative assistance. The following materials are required for an actual determination:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eInsurance policy terms and insurance policy applicable at the time of enrollment\u003c/li\u003e\n\u003cli\u003eDetails of insurance benefits paid for each damaged property\u003c/li\u003e\n\u003cli\u003eNatural disaster recovery plan and assistance standards for the relevant year\u003c/li\u003e\n\u003cli\u003eResults of the damage assessment prepared by the local government\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eWhen reporting damage, applicants should not conceal their insurance enrollment or whether they have filed an insurance claim. It is advisable to submit the same list of damaged items to both the insurance company and the local government to check for duplication.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#checklist-before-enrollment-and-immediately-after-damage\" class=\"anchor\" id=\"checklist-before-enrollment-and-immediately-after-damage\"\u003e\u003c/a\u003eChecklist Before Enrollment and Immediately After Damage\u003c/h2\u003e\n\u003ch3\u003e\n\u003ca href=\"#before-enrollment\" class=\"anchor\" id=\"before-enrollment\"\u003e\u003c/a\u003eBefore Enrollment\u003c/h3\u003e\n\u003cul\u003e\n\u003cli\u003eDistinguish which buildings, movable property, facilities, machinery, and inventory should be covered.\u003c/li\u003e\n\u003cli\u003eVerify that the address on the insurance policy matches the actual address of the insured property.\u003c/li\u003e\n\u003cli\u003eTenants should prepare their lease agreement and a list of movable property they own.\u003c/li\u003e\n\u003cli\u003eSmall business owners should verify their business registration and small business status.\u003c/li\u003e\n\u003cli\u003eCheck the insurance coverage start and end dates.\u003c/li\u003e\n\u003cli\u003eCompare not only the final amount payable but also the deductible and coverage limit.\u003c/li\u003e\n\u003c/ul\u003e\n\u003ch3\u003e\n\u003ca href=\"#immediately-after-damage\" class=\"anchor\" id=\"immediately-after-damage\"\u003e\u003c/a\u003eImmediately After Damage\u003c/h3\u003e\n\u003cul\u003e\n\u003cli\u003eWhere it is safe to do so, take photographs and videos showing the floodwater height and condition of the damage.\u003c/li\u003e\n\u003cli\u003eBefore disposing of anything, ask the insurance company about preservation and repair procedures.\u003c/li\u003e\n\u003cli\u003ePrepare a list stating the date and cause of the damage, affected items, quantities, and estimated losses.\u003c/li\u003e\n\u003cli\u003eReport the incident to the insurance company and also check the local government’s damage reporting procedures.\u003c/li\u003e\n\u003cli\u003eRetain repair estimates, receipts, and ownership records.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eDamage that has already occurred cannot be covered by a contract newly purchased after the incident. When a typhoon or heavy rain is imminent, an insurance company may restrict site inspections or underwriting, so it is safer to finalize the contract before a disaster is forecast.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#points-to-note-when-checking-the-2026-standards\" class=\"anchor\" id=\"points-to-note-when-checking-the-2026-standards\"\u003e\u003c/a\u003ePoints to Note When Checking the 2026 Standards\u003c/h2\u003e\n\u003cp\u003eThe Ministry of the Interior and Safety published the Storm, Flood, and Earthquake Disaster Insurance practical manual in March 2026. However, actual enrollment is also subject to the latest product terms, local government budgets, group contract enrollment periods, and underwriting standards for each individual property.\u003c/p\u003e\n\u003cp\u003eTherefore, applicants should not determine their out-of-pocket amount based only on the official subsidy rate table. Immediately before signing a contract, they should reconfirm the following three points with the local government governing their address and a participating insurance company:\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003eTheir subsidy eligibility and applicable subsidy rate\u003c/li\u003e\n\u003cli\u003eWhether additional subsidies and group enrollment are available in the relevant area\u003c/li\u003e\n\u003cli\u003eThe final premium, insured property, coverage limit, and deductible\u003c/li\u003e\n\u003c/ol\u003e\n","tags":["Typhoon","Torrential rain","Disaster Preparedness","Homeowners insurance","Natural Disaster Insurance"],"faqs":[{"question":"What is the 2026 premium subsidy rate for storm, flood, and earthquake disaster insurance for ordinary homes?","answer":"As a basic standard, the government and local governments subsidize at least 55% of the premium for ordinary homes. If additional local government subsidies or group enrollment discounts are available, the actual out-of-pocket amount may be lower."},{"question":"Do basic livelihood security recipients not have to pay any premiums at all?","answer":"The basic subsidy rate for homes of basic livelihood security recipients is at least 86.5%. A 100% premium subsidy may apply when separate requirements, such as a history of disaster damage or residence in a disaster-vulnerable area, are met and local government funding is available, so it should not be assumed that full coverage is automatic."},{"question":"What is the housing subsidy rate for near-poverty households and single-parent families?","answer":"As of 2026, the applicable standard provides a subsidy of at least 77.5% of the premium for homes of near-poverty households and single-parent families. You must check with the local government for your address regarding how to verify eligibility and whether additional subsidies are available."},{"question":"Can tenants also enroll in storm, flood, and earthquake disaster insurance?","answer":"Tenants can enroll for movable property they own inside the home, such as furniture, home appliances, and clothing. Insurance on the building purchased by the landlord does not automatically cover the tenant's movable property, so you must check the insured property section of the policy."},{"question":"What are the premium subsidy rates for greenhouses and small business stores and factories?","answer":"The basic subsidy rates are 70% of the premium for agricultural and forestry greenhouses and 55% for small business stores and factories. Crops inside greenhouses or all facilities and inventory in stores are not automatically included, so you must check the coverage items separately."},{"question":"Is group enrollment through a local government always cheaper than individual enrollment?","answer":"It may be cheaper if a group enrollment discount or additional local government subsidy applies, but this is not always the case. Because eligible applicants, contract terms, discount methods, and coverage vary by region, you should compare the final out-of-pocket amount and coverage limit together."},{"question":"If the premium subsidy rate is 55%, will I receive compensation for only 55% of the damage?","answer":"No. The 55% is the share of the premium paid by the government and local governments. Insurance benefits are calculated separately based on the insured amount, compensation method, actual loss, deductible, and policy terms."},{"question":"Can I receive storm, flood, and earthquake disaster insurance benefits and disaster relief funds at the same time?","answer":"Insurance benefits are compensation under an insurance contract, while disaster relief funds are administrative assistance, so they are different in nature. However, disaster assistance may be restricted or adjusted for the same damage to the same property, while other damage not covered by insurance or livelihood assistance may be assessed separately."},{"question":"Is a simple water leak also covered as residential flooding?","answer":"A simple leak caused by aging pipes, defective waterproofing, or poor maintenance may be treated differently under the policy terms from flooding caused by a natural disaster. The insurance company will determine whether a covered disaster, such as a typhoon, heavy rain, or flood, was the direct cause and assess the actual damage to the living space."},{"question":"If I enroll after a typhoon, can I receive compensation for damage that has already occurred?","answer":"Damage that has already occurred cannot be covered by an insurance contract concluded afterward. Underwriting or on-site inspections may also be restricted when a typhoon or torrential rain is imminent, so you should check the coverage start date and complete enrollment before a disaster is forecast."},{"question":"What do I need to check to determine the exact premium?","answer":"You need the address, building structure and area, insured property, insured amount, deductible, subsidy eligibility, and whether additional local government subsidies are available. On the quote, you should separately check the total premium, public subsidy amount, discount amount, and final out-of-pocket amount."}],"sources":[{"url":"https://www.mois.go.kr/frt/bbs/type001/commonSelectBoardArticle.do?bbsId=BBSMSTR_000000000015\u0026nttId=124163","title":"Ministry of the Interior and Safety 2026 Storm and Flood Damage and Earthquake Disaster Insurance Practical Handbook Materials","type":"data_point"},{"url":"https://www.mois.go.kr/frt/sub/a06/b11/insuranceProducts/screen.do","title":"Ministry of the Interior and Safety Storm and Flood Damage and Earthquake Disaster Insurance Product Guide","type":"source"},{"url":"https://safekorea.go.kr/safekorea-kor/dspo/wnds/wwcs/winWaterCitizenSafetyInsurance.do?menuSn=75","title":"National Disaster and Safety Portal Guide to Storm and Flood Damage and Earthquake Disaster Insurance","type":"source"},{"url":"https://www.mois.go.kr/frt/bbs/type010/commonSelectBoardArticle.do?bbsId=BBSMSTR_000000000008\u0026nttId=125515","title":"Ministry of the Interior and Safety Materials Related to Summer Natural Disaster Preparedness","type":"source"}],"images":[{"id":740,"url":"https://injoys.com/rails/active_storage/blobs/proxy/eyJfcmFpbHMiOnsiZGF0YSI6OTQxNCwicHVyIjoiYmxvYl9pZCJ9fQ==--035ca37a4f07a03a1478c43e71b1115ed75733b5/ai-9754fb06.webp","is_representative":true,"generation_method":"ai_photo","license":"ai_generated","mime_type":"image/webp","translations":{"ko":{"alt":"상담 테이블 위 주택·온실·상가·공장 모형을 우산이 덮고, 아래에는 침수와 지진 잔해가 보인다","caption":"우산 아래의 시설 모형과 재해 흔적이 풍수해·지진재해보험 상담을 상징한다.","description":null},"en":{"alt":"Umbrella covers model home, greenhouse, shop and factory amid floodwater, with earthquake rubble below","caption":"Protected property models and disaster damage symbolize storm, flood and earthquake insurance.","description":null},"ja":{"alt":"傘に守られた住宅・温室・店舗・工場の模型と浸水、手前に地震のがれき","caption":"傘の下の施設模型と災害跡が風水害・地震保険の相談を象徴している。","description":null},"es":{"alt":"Un paraguas cubre maquetas de casa, invernadero, tienda y fábrica entre agua y escombros sísmicos","caption":"Las maquetas protegidas y los daños representan un seguro contra inundaciones, tormentas y terremotos.","description":null},"id":{"alt":"Payung menaungi maket rumah, rumah kaca, toko, dan pabrik di tengah banjir serta puing gempa","caption":"Maket properti yang terlindungi dan jejak bencana melambangkan asuransi banjir, badai, dan gempa.","description":null},"pt":{"alt":"Guarda-chuva cobre maquetes de casa, estufa, loja e fábrica entre água de inundação e escombros sísmicos","caption":"As maquetes protegidas e os danos representam o seguro contra tempestades, inundações e terremotos.","description":null},"zh-hant":{"alt":"雨傘遮護住宅、溫室、商店與工廠模型，周圍有淹水，前方可見地震瓦礫","caption":"傘下的設施模型與災害痕跡象徵風災、水災及地震保險諮詢。","description":null},"de":{"alt":"Regenschirm schützt Modelle von Haus, Gewächshaus, Laden und Fabrik vor Flut und Erdbebentrümmern","caption":"Geschützte Gebäudemodelle und Schäden stehen für eine Versicherung gegen Sturm, Flut und Erdbeben.","description":null}}},{"id":741,"url":"https://injoys.com/rails/active_storage/blobs/proxy/eyJfcmFpbHMiOnsiZGF0YSI6OTQyMCwicHVyIjoiYmxvYl9pZCJ9fQ==--98309a435804daf935833241e77acef1980be8bf/ai-8d53ff65.webp","is_representative":false,"generation_method":"ai_image","license":"ai_generated","mime_type":"image/webp","translations":{"ko":{"alt":"우산과 방패 아래 주택·온실·상가·공장이 홍수, 강풍, 지진으로부터 보호되는 보험 안내도","caption":"주택, 온실, 상가, 공장을 풍수해와 지진으로부터 보호하는 보험 구조를 보여준다.","description":null},"en":{"alt":"Insurance diagram protecting a home, greenhouse, shop and factory from floods, windstorms and earthquakes","caption":"The diagram shows disaster insurance coverage for homes, greenhouses, shops and factories.","description":null},"ja":{"alt":"傘と盾の下で住宅・温室・店舗・工場を洪水、暴風、地震から守る保険の図","caption":"住宅、温室、店舗、工場を風水害や地震から守る保険の仕組みを示している。","description":null},"es":{"alt":"Diagrama de seguro que protege vivienda, invernadero, tienda y fábrica de inundaciones, viento y terremotos","caption":"El diagrama muestra la cobertura ante desastres para viviendas, invernaderos, comercios y fábricas.","description":null},"id":{"alt":"Diagram asuransi yang melindungi rumah, rumah kaca, toko, dan pabrik dari banjir, angin kencang, dan gempa","caption":"Diagram ini menunjukkan perlindungan bencana bagi rumah, rumah kaca, toko, dan pabrik.","description":null},"pt":{"alt":"Diagrama de seguro protegendo casa, estufa, loja e fábrica contra enchentes, vendavais e terremotos","caption":"O diagrama mostra a cobertura contra desastres para casas, estufas, comércios e fábricas.","description":null},"zh-hant":{"alt":"雨傘與盾牌下的住宅、溫室、商店和工廠，受到洪水、強風及地震保險保障","caption":"圖示呈現住宅、溫室、商店與工廠的風災、水災及地震保險保障。","description":null},"de":{"alt":"Versicherungsgrafik zum Schutz von Wohnhaus, Gewächshaus, Laden und Fabrik vor Flut, Sturm und Erdbeben","caption":"Die Grafik zeigt den Katastrophenschutz für Wohnhäuser, Gewächshäuser, Geschäfte und Fabriken.","description":null}}}],"published_at":"2026-08-18T17:36:18+09:00","updated_at":"2026-08-18T17:36:18+09:00","license":"cc_by","translation_status":"reviewed","available_locales":["ko","en","ja","es"],"data_locales":["ko","en","ja","es","id","pt","zh-hant","de"],"url":"https://injoys.com/en/articles/2026-storm-flood-earthquake-insurance-support-rates"}