Automatic Bicycle Insurance Enrollment for All Seodaemun-gu Residents... Claims Possible Within 3 Years

Coverage within the prescribed scope for injuries sustained while riding or accompanying a bicycle, or bodily harm caused by a bicycle while walking

[Asia Economy Reporter Jongil Park] Seodaemun-gu (Mayor Moon Seok-jin) announced on the 7th that it has subscribed to bicycle insurance that all residents can be guaranteed.

The insurance period is from April 10, 2021, to April 9, 2022, marking the third consecutive year following the previous two years (April 10, 2019 ? April 9, 2021).

All residents registered in the district and foreign registrants whose place of stay is Seodaemun-gu have been automatically enrolled as insured persons without any separate subscription procedures.

During the insurance period, if one is injured while riding or accompanying a bicycle anywhere in Korea, or suffers bodily injury from a collision with a bicycle while walking, insurance claims can be made within three years from the date of the accident.

The detailed coverage includes ▲diagnosis benefit ranging from 300,000 to 700,000 KRW depending on the diagnosis period (4 to 8 weeks or more) ▲hospitalization consolation money of 200,000 KRW for hospital stays of 6 days or more ▲up to 5 million KRW for permanent disability ▲5 million KRW in case of death (excluding those under 15 years old according to commercial law).

Additionally, coverage includes ▲bicycle accident fines up to 20 million KRW ▲attorney fees up to 2 million KRW for legal representation due to bicycle accidents ▲bicycle traffic accident settlement support fund up to 30 million KRW (in cases of criminal settlement when causing injury or death to others while riding a bicycle).

Liability for damage to others’ body or property caused by the insured’s bicycle accident is not covered.

Mayor Moon Seok-jin of Seodaemun-gu said, “While safe bicycle use is the top priority, we will actively inform residents of these details through the district office website, SNS, newsletters, and more to ensure they are protected in case of accidents.”

For more detailed information about the ‘Seodaemun-gu Residents Bicycle Insurance,’ please contact the Traffic Administration Division of Seodaemun-gu Office.

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