News Non-Life14 May 2018

Taiwan:Youbike operator to provide more forms of insurance cover

14 May 2018

YouBike, a popular public bicycle sharing system, is to offer personal injury insurance with expenses to be absorbed by the new operator, head of Taipei's Department of Transportation (DOT) has said.

Mr Chen Shyue-tair said at a Taipei City Council meeting that the current YouBike contract expires at the end of this year and that the city government will put a new contract up for bids. The new contract will include conditions such as personal injury insurance for users to be purchased by the operator, reports the Central News Agency.

With the use of YouBike increasing, third party liability insurance will also be added to the currently provided public liability insurance and product liability insurance, according to DOT.

Department official Wang Yin-chu said the existing operator will be asked to provide third party liability insurance from June.

The new YouBike contract will also state that the operator needs to purchase third party liability insurance, with the cost to be covered by the operator, Wang said.

YouBike users will be able to file claims if they have accidents regardless of whether they are caused by the cyclist or someone else, Mr Wang said.

However, the insurance process will require the collection of personal information and the operator will need to discuss related procedures with the insurance company, Mr Wang said, adding that it needs to also include an option for those unwilling to provide such information.

The information needed for personal injury insurance includes the user's full name, national identification card number, birthday, phone number and address, Mr Wang said.

There are currently 13,072 YouBike bicycles and 400 YouBike stations in Taipei, and the current contract with Giant Bicycles is set to expire at the end of this year. 

Meanwhile, Cathay Century Insurance has won the Taipei City government contract to provide third party liability insurance coverage for YouBike users, the Non-Life Insurance Association (NLIA) of the Republic of China announced. The insurance policy will take effect on 1 June and run until the end of the year.

Under the policy, riders of Taipei's YouBikes who cause an accident while on the bike and injure or kill someone will have insurance cover of up to NT$2 million ($67,280) for damages, instead of having to pay out of their own pockets, the association said.

Other free insurance policies for riders of YouBikes, which are also available in New Taipei City, Taoyuan City, Hsinchu City, Taichung City and Changhua County, are expected to be rolled out in the future.

 

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