A dedicated temple package developed by DB. It integrates, in a single policy, property risks — fire, storm-flood, explosion, earthquake, riot, theft — together with facility liability and worker injury for traditional wooden-architecture temples.
N2N Insurance Brokerage does not represent any single insurer — it independently represents the client as an FSS-registered broker (Reg. No. 2026-012201). We compare the wordings, rates and service of AIG · Chubb · DB · Hyundai · KB · Meritz to propose the cover and price best suited to your risk. Each insurer's full wording is provided at application and binding.
A dedicated temple package developed by DB. It integrates, in a single policy, property risks — fire, storm-flood, explosion, earthquake, riot, theft — together with facility liability and worker injury for traditional wooden-architecture temples.
A package developed by DB applying a dedicated wording that reflects temple-specific risk.
Fire loss + premises owner/manager liability + worker injury in one policy.
For cultural property hard to value (Buddha statues, scroll paintings), a pre-agreed value prevents disputes.
For a blanket contract at religious-order level, a discount of up to 23% by sum insured.
Order-wide blanket enrolment (using the maximum discount).
Standalone enrolment — fire + liability + injury combined.
UNESCO / state / city-province designated (agreed-value compensation).
Integrated facility liability for visitor accidents and food poisoning.
| Mid-large temple (wood grade 4, value 3bn) | Limits: fire 3bn (building 2bn + statues 500m + paintings 500m) / facility liability 100m / injury 100m · key: fire (compulsory)·facility liability·injury + agreed value |
|---|---|
| Small/mid temple (wood grade 5, value 1bn) | Limits: fire 1bn / liability 50m / injury 50m · key: fire + theft·storm-flood·earthquake combined |
| Order-wide blanket (50 temples) | Limits: differentiated per temple / aggregate 20bn · key: agreed value · order-wide group discount |
Figures above are sum-insured (cover-limit) design examples, not premiums. (General industry example)
Risk scenarios only; whether and how much is paid is decided under the policy wording. (General industry example)
| Policy period | 1 year (instalment endorsement available) |
|---|---|
| Payment | Lump sum in principle (2 instalments +2%, 4 instalments +3%) |
| Insurer | DB (a single-developed product) |
| Turnaround | 5–10 business days after a temple risk assessment (plus agreed-value discussion) |
| Channel | Individual consultation with our broker (010-5755-6465) |
If the insured event has already occurred at the time the contract is made, the contract is void. However, where the contract is void due to the company's intent or negligence, or where the company knew or could have known of the nullity before acceptance yet did not refund the premium, the company refunds the premium with interest at the policy-loan rate published by the Korea Insurance Development Institute, compounded annually, for the period from the day after payment to the day of refund.
The specific losses not covered (exclusions) are set out in each insurer's policy wording and product description; on this page, see the “Cover” tab(or the “Losses not covered” section) for the main exclusions. For other cover-specific grounds on which claims are not paid, please refer to the policy wording.
The company provides cover, in accordance with the policy, from the time it accepts the application and receives the first premium. Where the company accepts the application after receiving the first premium with it, cover also begins from the time the first premium was received.
The application must be completed by the policyholder, and the policyholder and the insured must sign it by hand. Failure to sign by hand may result in disadvantages regarding the validity of the contract. On an internet cyber-mall, an electronic signature may be used instead.
The policyholder has the right to be given and have explained the information needed about the product they wish to buy.
The insurer and N2N Insurance Brokerage must explain the important matters of the product to ordinary financial consumers.
When applying, the policyholder, the insured or their agent must disclose truthfully the facts they know regarding the questions in the application (including the questionnaire). Otherwise the claim may be declined or the contract cancelled. Where insurance is taken out by telephone or other means of communication, the duty is performed by answering the seller's questions, which are recorded, without a separate written questionnaire, so answers must be given with particular care.
If, after the contract is made, any of the following arises in respect of the subject-matter insured, the policyholder or the insured must notify the company in writing without delay and obtain endorsement on the policy.
The surrender value is the amount paid if the contract is cancelled early. Unlike bank savings, insurance combines risk protection and savings: part of the premium is paid out as claims to other policyholders who suffer accidents, and part covers the insurer's operating expenses, so the surrender value on early cancellation may be less than the premiums paid, or nil.
Under Article 59-4(1) of the Income Tax Act (special tax credit), for protection-type insurance taken out by an employee only, a tax credit of 12% of the premium paid (capped at KRW 1 million per year) is available. Tax matters may change with amendment or repeal of the relevant tax law.
Except as provided by law, the insurer and N2N Insurance Brokerage do not collect, use, inspect or provide personal data related to this contract — for its conclusion, maintenance and claim payment — without the consent of the policyholder, the insured or the beneficiary. However, for those purposes the insurer may, with the consent of the policyholder and the insured and in accordance with law, provide personal data to other insurers and insurance-related bodies.
The above is a summary and excerpt of the policy wording; for grounds on which claims are not paid and other details, please refer to the policy wording and product description.
Five areas of traditional temples and religious facilities
Wooden traditional-architecture temples. Reconstruction costs several times an ordinary new build. A high fire-risk area.
Temples holding designated cultural property under the Cultural Heritage Protection Act. A restoration-cost and preservation-responsibility area.
Temples adjacent to national parks and forest. A high wildfire-spread-risk area.
Temples with many visitors for services and tourism. A visitor-accident liability area.
Temples holding events such as Buddha's Birthday and lantern festivals. An event-accident area.
At a traditional temple, a fire believed to be from a night-time electrical fault damaged part of a wooden hall. Under this wording the traditional-architecture reconstruction cost was reviewed, and as restoration using traditional techniques and materials was required, it came to about two to three times an ordinary new-build cost. The part where some damaged assets were designated cultural property under the Cultural Heritage Protection Act was handled separately on a distinct limit, and precise restoration-value assessment required discussion with the Cultural Heritage Administration. Being forest-adjacent, some nearby forest was also harmed during firefighting, which was carved out into the separate forest-insurance area. A case showing that the core of temple insurance is not simple fire cover but the restoration of traditional-architecture and cultural-property value.
Source: (General industry example)
The wording and structure points decision-makers most often overlook
Traditional-architecture reconstruction requires traditional techniques and materials and can reach two to three times an ordinary new-build cost. Setting the limit on an ordinary-build basis leaves a large own burden after an accident, so precise valuation and limit design are key.
Designated cultural property under the Cultural Heritage Protection Act (statues, ritual implements, old books, halls) needs precise valuation and a separate limit, unlike ordinary property. Accidents requiring Cultural Heritage Administration discussion and expert assessment are best separated from the ordinary limit.
Where a lay follower, kitchen volunteer or other volunteer is injured during work at the temple, they are not employees, so it is outside the workers'-comp / employer-liability area and is handled by a separate volunteer-injury endorsement. A temple with much regular volunteer activity needs a combined review.
The questions decision-makers ask most when considering temple comprehensive insurance
It is for temples, traditional temples, hermitages and the like, with registered traditional temples under the Traditional Temples Preservation and Support Act as the core area. It specialises in the traditional-architecture, cultural-property-value and forest-adjacency risk that ordinary fire and property-comprehensive insurance struggle to handle.
Loss to temple buildings and facilities from fire, lightning and explosion, some natural disasters (endorsement), theft (of Buddha statues, ritual implements, books), volunteer accidents, visitor accidents (commercial/premises liability) and large religious-event accidents are the usual cover areas.
Traditional architecture requires reconstruction using traditional techniques and materials, not ordinary new build, so the cost is very high. The wording can set a separate limit for the reconstruction/restoration cost of designated cultural property under the Cultural Heritage Protection Act, with the cover differing by whether it is a registered traditional temple.
Many temples are adjacent to forest, so wildfire-spread risk is high. Temple loss from a wildfire is within this wording, but forest adjacency and firefighting access affect the underwriting, and some wordings exclude forest fire or apply a differentiated limit.
Visitor accidents during a large religious event or service are covered in the commercial/premises liability area, and accidents to volunteers (lay followers, kitchen volunteers) during work at the temple are handled by a separate volunteer-injury endorsement or the volunteer-cover area of some wordings.
Theft or loss of a Buddha statue, ritual implements, old books or cultural-property-grade assets is a core area of this wording, allowing a limit reflecting religious/cultural value, unlike ordinary theft insurance. Precise valuation of designated cultural property and a separate endorsement are recommended.
The insurer assesses it on the temple scale (number/area of buildings), the architectural style (proportion of traditional architecture), whether it is a registered traditional temple, forest adjacency, firefighting facilities, visitor scale and past incident history. The exact premium and whether cover can be accepted are confirmed after underwriting by insurers such as AIG, Chubb, DB, KB, Meritz and Hyundai.
