Yangcheon District Residents Bicycle Insurance Coverage Up to 30 Million Won

Automatic enrollment for all district residents, support up to 30 million KRW

Can be compensated simultaneously with personal indemnity insurance, coverage within 3 years from the date of the accident

Compensation regardless of fault or accident location for accidents occurring during the coverage period (Feb 3, 2021 ~ Feb 22, 2024)

Yangcheon-gu (District Mayor Lee Gi-jae) announced that it will operate the ‘2023 Yangcheon-gu Resident Bicycle Insurance’ project, which provides coverage without separate enrollment so that all Yangcheon-gu residents can ride bicycles with peace of mind.

All residents registered in Yangcheon-gu (including foreigners) are automatically enrolled, and in case of a bicycle-related accident, compensation can be received simply by filing an insurance claim. Since operating the Yangcheon-gu Resident Bicycle Insurance project from 2021, a total of 399 people have received insurance benefits amounting to 190 million KRW.

This year’s enrollment period for the resident bicycle insurance is from February 23, 2023, to February 22, 2024, covering accidents occurring while riding a bicycle and accidents caused by other bicycles during passage.

The main coverage includes ▲ up to 10 million KRW for death and permanent disability ▲ diagnosis fees of 200,000 to 600,000 KRW for treatment lasting 4 weeks or more ▲ 200,000 KRW for hospitalization of 6 days or more for diagnosis fee recipients ▲ fines up to 20 million KRW ▲ attorney fees up to 2 million KRW ▲ traffic accident handling support fund up to 30 million KRW, etc.

Accidents occurring during the coverage period (Feb 3, 2021 ~ Feb 22, 2024) are compensated regardless of accident location or personal fault, and simultaneous compensation with personal indemnity insurance is possible. The claim validity period is within 3 years from the date of the accident, and claims can be made by downloading and filling out the related form from the district office website and submitting it to the insurer (DB Insurance).

Additionally, the district operates a ‘Free Bicycle Safety Class’ every year, combining traffic safety theory and bicycle riding practice to promote a proper bicycle usage culture and prevent accidents.

Lee Gi-jae, Mayor of Yangcheon-gu, said, “We hope that the Yangcheon-gu Resident Bicycle Insurance will help residents who face difficulties due to unexpected bicycle accidents, and we will continue to create an urban environment where bicycles, a daily-use transportation mode, can be used safely.”

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