Korean word

보증보험

Pronunciation

Romanizationpojeungboheom

Meaning

  • nounguarantee insurance

Example

아파트를 계약할 때 보증보험에 가입해야 합니다.a pa teu reul kye ya kal ttae po jeung bo heo me ka i pae ya ham ni da

When you sign an apartment lease, you must get guarantee insurance.

Illustration for 보증보험 (guarantee insurance)

More examples

은행에서 대출을 받을 때 보증보험 가입을 요구했다.eun haeng e seo tae chu reul pa deul ttae po jeung bo heom ka i beul yo gu haet tta

When I got a loan from the bank, they required me to get guarantee insurance.

Core concept

Insurance that takes responsibility for repaying a debt when the person who owes it cannot do so.

Common phrases

  • 보증보험에 가입하다po jeung bo heo me ka i pa da

    sign up for guarantee insurance

  • 보증보험 가입 서류po jeung bo heom ka ip seo ryu

    guarantee insurance enrollment documents

Similar words

보험poheom: A plan that promises financial help after an accident, illness, or other covered loss.
보증금pojeunggeum: A sum paid at the start of a rental or other agreement and usually returned when it ends.
보증인pojeungin: A person who must pay or fulfill a contract if someone else fails to do so.
담보tambo: Something valuable given as security for a loan or other financial obligation.

Definition in Korean

보험회사가 채무의 변제 책임을 대신해 주는 보장성 보험po heom hoe sa ga chae mu ui pyeon je chae gi meul tae sin hae chu neun po jang seong po heom

Word origin

This compound joins the ideas of a guarantee and insurance to describe an insurer backing someone's debt.

Usage tips

  • In conversations about contracts, this word helps distinguish an insurance-based guarantee from a person who personally promises to pay.

Related words

Word lists with this word