Uiwang City Residents Can Now Benefit from Bicycle Insurance

[Suwon Ilbo=Reporter Seo Dong-young] Uiwang City announced on the 10th that it has signed up for bicycle insurance covering all city residents.

All residents registered and residing at addresses in the city can receive insurance benefits in the event of a bicycle accident anywhere in the country. The insurance period runs from the 11th of this month through June 10 of next year.

The main coverage includes death due to bicycle accidents (excluding those under age 15) and up to 25 million won in cases of permanent disability. For those diagnosed with injuries requiring treatment of four weeks or more due to bicycle traffic accidents, consolation payments ranging from 100,000 to 300,000 won are provided on a graduated basis.

Additionally, those diagnosed with injuries requiring four weeks or more of treatment due to bicycle traffic accidents and who are actually hospitalized for seven days or more receive a 100,000-won hospitalization consolation payment. Other benefits include payments for fines resulting from bicycle accidents, lawyer fees, and traffic accident processing support funds.

Uiwang City Mayor Kim Sang-don explained, "Our priority is to create an environment where residents can safely ride bicycles and prevent injuries. However, we have prepared this insurance to reduce the financial burden on residents in case of unforeseen accidents."