A banner hanging on the roadside.
It is written that they are buying a vehicle that has been flooded by this heavy rain.
An advertisement for the purchase of a submerged car that can often be seen online.
I called.
When I asked if he had subscribed to the so-called 'self-insurance', which is his vehicle damage in the comprehensive auto insurance, he said that he only buys uninsured flooded cars.
[Flooded car dealer: (Do you buy only uninsured vehicles?) Yes, that's right.
If you have your own car, you can't sell it in the case of a flooded car.]
Unlike liability insurance, which is mandatory, the coverage rate for personal car insurance remains at 72.7% as of December of last year.
This means that 3 out of 10 vehicles are not subscribed.
During this heavy rain, it was reported to insurance companies that about 12,000 vehicles were flooded, but uninsured vehicles were not counted.
In the case of uninsured flooded vehicles, there is no standard for scrapping, so there is no way to force them to be rewritten or sold.
If you look inside the car, it is full of mud, so anyone can see that the car has been damaged by flooding.
On the other hand, this vehicle has no major problems on the outside, and on the inside, it is generally comparable to the level of vehicles we drive.
Because of this, if this vehicle is not insured, it can be distributed in the market.
Even on the websites operated by the government and the Insurance Development Institute, it is difficult to know the flood history of uninsured vehicles.
Experts are concerned about the possibility that uninsured flooded vehicles will be sold and repaired before entering the used car market.
[Kim Pil-soo/Professor, Department of Future Automotive Engineering, Daelim University: Maintenance is also done without insurance.
In fact, there are quite a number of maintenance companies that have colluded with contractors.
Because insurance is not handled, it is not included in the maintenance of insurance accident history.]
In particular, when transactions are made in the form of personal transactions, there is no obligation to disclose the accident or flood history.
[Current used car dealer: I think there will be many transactions between individuals who sell without disclosing flood histories in the same way as not disclosing accident histories...
.]
In fact, the proportion of transactions between individuals in the total number of used car transactions over the past five years has exceeded 30%.
Although the Ministry of Land, Infrastructure and Transport announced that it would strengthen the management and punishment regulations for vehicles not covered by self-insurance, no clear measures were taken in interpersonal transactions.
More practical measures are needed to prevent damage to the purchase of flooded vehicles.
(Covering: Son Ki-joon / Video coverage: Kim Seung-tae / Editing: Jo Moo-hwan / CG: Kang Kyung-rim, Choi Jae-young / Producer: D Content Planning Department)