Bucheon-si Enrolls All Citizens in Bicycle Insurance... Coverage Provided for Accidents Anywhere Nationwide

Photo by Asia Economy

[Asia Economy Reporter Park Hyesook] Bucheon City in Gyeonggi Province has enrolled all citizens in bicycle insurance for the fourth consecutive year so that everyone can ride bicycles with peace of mind.

The enrollment period is from the 5th of this month to March 4, 2022, for one year. The target is all citizens registered in Bucheon City (including foreign registrants), who are automatically enrolled upon moving in, while those moving out are excluded.

Insurance benefits can be received for bicycle accidents occurring anywhere nationwide.

The detailed coverage includes ▲Death (excluding those under 15 years old) 7 million KRW ▲Permanent disability up to 7 million KRW ▲Injury consolation money of 300,000 to 700,000 KRW for diagnoses requiring 4 to 8 weeks of treatment ▲Additional 200,000 KRW for hospitalization of 4 days or more regardless of diagnosis period ▲Up to 20 million KRW for fines incurred when causing injury or death to others ▲Up to 2 million KRW for attorney fees ▲Up to 30 million KRW if criminal charges are filed for causing death or serious injury to others and criminal consultation is required (excluding those under 14 years old).

In particular, personal liability compensation, which was previously paid only for bicycles registered in Bucheon City, can now be compensated up to 3 million KRW (with a 100,000 KRW deductible) for all citizens regardless of registration status starting this year.

Insurance claims can be made within 3 years from the date of the accident. Application forms can be downloaded from each district administrative welfare center and the Bucheon City bicycle website. After the applicant completes the documents, claims should be submitted directly to DB Insurance.

This content was produced with the assistance of AI translation services.