Nowon-gu Enrolls All Residents in Bicycle Insurance... Coverage Up to 10 Million KRW

Warranty period from March 1 this year to February 28 next year... 1,965 people compensated 1.3216 billion KRW for bicycle accidents until last year

[Asia Economy Reporter Jongil Park] Nowon-gu (District Mayor Oh Seung-rok) announced that it has enrolled in ‘bicycle insurance’ to ensure that residents can use bicycles with peace of mind.

Bicycle insurance is automatically applied to all residents registered in the district, and insurance benefits can be received anywhere nationwide regardless of the location of the accident.

Also, even if not residing in the district, if an accident occurs while riding a bicycle rented from a Nowon-gu public bicycle rental station, insurance coverage applies.

The coverage period is from March 1 of this year to February 28 of next year.

The coverage scope includes ▲ accidents occurring while riding (driving) a bicycle ▲ damages caused by collisions with a moving bicycle.

Detailed coverage includes ▲ 10 million KRW for death due to a bicycle accident ▲ up to 10 million KRW for permanent disability caused by an accident ▲ 200,000 to 600,000 KRW per diagnosis for 4 to 8 weeks of medical diagnosis ▲ 200,000 KRW consolation payment for hospitalization of 7 days or more after a 4-week diagnosis.

Additionally, users of Nowon-gu bicycle rental stations who are hospitalized due to a bicycle traffic accident receive a consolation payment of 15,000 KRW per day of hospitalization (up to 180 days). In case of damage or theft of public bicycles, compensation of up to 100,000 KRW per bicycle is provided.

Insurance claims must be filed within three years from the date of the accident, and the insured or legal heirs must apply to the insurance company with relevant supporting documents.

Until last year, the district paid 1.3216 billion KRW in insurance benefits to 1,965 residents who suffered bicycle accidents.

Meanwhile, to promote bicycle use and improve residents’ health, the district operates free bicycle classes, a children’s traffic park, and bicycle rack maintenance projects.

The free bicycle classes are offered to youths aged 14 and older and adults. They are held from March to November (excluding the hot summer month of August) at the riverside of Jungnangcheon under Nokcheon Bridge, divided into weekday and weekend classes.

Two professional instructors with certifications provide easy and safe lessons tailored to beginners, covering both theoretical education and practical bicycle riding training.

At the Children’s Traffic Park located in Dalmaji Park in Junggye 2 and 3-dong, a bicycle safety experience program is operated for children aged 5 and above up to lower elementary school grades.

Furthermore, to create a pleasant bicycle usage environment, the district is promoting projects to replace old bicycle racks and install new ones.

Oh Seung-rok, Mayor of Nowon-gu, said, “As bicycle use has surged due to COVID-19, the risk of safety accidents has also increased. We will continue to do our best to create an environment where residents can ride bicycles safely and with peace of mind.”

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