Daejeon City 'Full Coverage', Citizen Bicycle Insurance Enrollment

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The city of Daejeon has enrolled in a bicycle insurance policy covering all local citizens.

The city announced on the 24th that it has subscribed to DB Insurance Co., Ltd.'s bicycle insurance, providing insurance services to any local citizen from the 28th of this month until May 27th of next year.

The bicycle insurance automatically applies to all Daejeon citizens as insured persons without any separate enrollment procedures, allowing support for accidents occurring while riding a bicycle anywhere nationwide, including Daejeon.

Insurance coverage applies not only to the insured's own accidents but also to pedestrian accidents caused by another person's bicycle. In particular, as the use of personal mobility devices has recently increased, the city has added coverage for personal mobility devices (PM) under the personal loan category to the bicycle insurance.

The city bears the full insurance premium. Through this insurance subscription, Daejeon citizens can be covered for six items: ▲death from bicycle and PM accidents ▲permanent disability from bicycle and PM accidents ▲bicycle and PM injury diagnosis consolation money ▲fines from bicycle and PM accidents ▲attorney fees for bicycle and PM accident defense ▲and bicycle and PM traffic accident handling support funds.

The coverage includes up to 17 million KRW for death and permanent disability. Diagnosis consolation money (limited to one time) provides 100,000 KRW for 4 weeks (28 days) or more and 500,000 KRW for 8 weeks or more. Additionally, if hospitalized for more than 6 days, an extra 200,000 KRW can be received.

Fines for bicycle accidents are covered up to 20 million KRW per accident, attorney fees up to 2 million KRW, and bicycle traffic accident handling support funds up to 30 million KRW per person.

For more detailed information about the insurance, please refer to the city’s website or contact the city’s Construction and Road Division for guidance.

Han Seon-hee, Director of the Transportation and Construction Bureau of the city, stated, “Enrolling in bicycle and personal mobility device insurance will help alleviate concerns about unforeseen accidents and reduce damages. We hope that subscribing to bicycle insurance will serve as an opportunity to activate bicycle use among citizens in the region.”

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