This paper attempts to examine the affection effect or consolation hypothesis on insurance claim decisions in Hsee and Kunreuther (2000) for Korean college students. We extend their paper by considering gender, grade, age and monthly family income. The affection is measured by the number of hours that one is willing to drive or travel to collect the compensations for the lost or damaged item. The results support the consolation hypothesis for affection and grade. This implies that the participants in high affection group are willing to drive or travel more hours to collect the compensation for damaged or lost items than those in low affection group. This also implies that the students in lower grade tend to spend more hours to claim the compensation for damaged or lost items than those in higher grade. The interdependence between affection and grade is the source of the significant interaction.