The Role Of Insurance Deductibles In Japanese Home Insurance Claims – Living in Japan as a foreigner, you can face challenges due to culture shock, language barriers and just cross-cultural misunderstandings. But beyond these obvious day-to-day experiences, foreigners also have to deal with obstacles during times of stress or disaster. If you own or rent property in Japan and something goes wrong, what do you do? While your best plan is to prepare the appropriate insurance as you do in your country, finding and buying home insurance in Japan can be difficult even if you speak Japanese well. Fortunately, we’re here to help.
In addition to explaining the basic coverage and costs of a typical Japanese home or rental insurance policy, this handy guide also includes a list of English-speaking insurance agencies in Tokyo to help you make the best decision during your stay.
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If you rent or own a home or business in Japan, you need fire insurance. In fact, many apartments require fire insurance in their leasing contracts.
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Simply put, fire insurance covers your valuables if they are damaged by fire, smoke, etc.
The average cost of fire insurance in Japan is between ¥20,000 – ¥40,000 for 2 years, with slightly higher prices depending on the other options you choose. Of course, you should check with your insurance company about the exact price and possible add-ons for your plan.
Designed to keep your belongings safe. The cost of your policy will be determined based on your valuables. These figures are set in broad groupings with limited coverage and are not the detailed plans more commonly available in other countries.
This includes accidents that cause damage to your home or even your neighbor’s unit. Like an overflowing bathtub, a gas fire when someone forgets to leave a pan full of potatoes on the stove or some other accident.
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This very useful part of the Japanese insurance plan covers you if someone’s property is damaged or injured due to an accident related to it or due to your negligence. For example, if you have a bike accident and run into someone on the road, part of your insurance plan will cover other people’s medical expenses and property damage.
Note that some companies provide insurance for international employees living in Japan on temporary contracts. You should confirm that this is for you and ask for details of what is included in your coverage. You may still want to add a Japanese fire insurance policy to ensure you are covered for home emergencies and accidents.
Although it seems like earthquakes should be part of this coverage, the truth is that regular fire insurance in Japan does not cover natural disasters. Fortunately there is an additional insurance option, called earthquake insurance, that can help in dangerous situations.
As you know, living in Japan means preparing for earthquakes. However, Japanese insurance policies state that fire insurance does not cover damage caused by earthquakes, including damage related to fires that may spread as a result of one. That’s why it’s important to add additional earthquake insurance to your policy. Note that you can only get this coverage as an add-on, as it is not sold as a stand-alone product. Japan Earthquake Insurance Guide: Simple Questions
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According to Japan’s Ministry of Finance, the cost of an earthquake insurance policy varies from prefecture to prefecture with a minimum cost of around 6500 yen and a maximum of around 32,600 yen per year. Please see the website for more details.
Earthquake insurance is specifically for earthquake disasters. This covers the loss of your personal belongings (including household goods) as well as property damage caused by fire, destruction, landslides, and debris or water damage, assuming that all of these occur as a result of earthquakes, volcanic eruptions and tsunamis.
Please note that your additional earthquake coverage will not cover precious metals, jewelry and antiques with a value exceeding 300,000 yen per item or per set, currency, securities, deposits and savings certificates, revenue stamps, stamps, or cars.
When renting or owning property in Japan, selecting, purchasing and maintaining insurance to cover the cost of damage, loss, liability and damage caused by earthquakes and disasters is important for your safety and peace of mind.
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While we understand that some may opt for coverage with companies outside of Japan, we want to help you make the best policy choices for you and your family in the country you’ll be calling home for the next few months or years.
For this purpose, we have compiled a short list of English-speaking insurance companies that can advise you on the overall policy, give you an estimate and help you submit all the necessary documentation. They will provide you with a clear understanding of your policy and all the necessary costs so that you can feel comfortable and confident in your insurance coverage choices.
In this easy-to-follow guide, we cover the different types of insurance offered to homeowners in Japan and give you the information you need to choose the right one based on your needs.
It is conveniently located with Ebisu, Daikanyama, and Nakameguro – popular shopping and dining destinations – within everyday living space and with great access to various places in Tokyo. With many supermarkets, minimarkets, and restaurants nearby, the location is also convenient for living. The apartments offer a total of 32 units with types ranging from 1DK to 2LDK with various facilities such as delivery lockers, free internet connection, bicycle parking, and motorcycle parking.
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It is located a 5-minute walk from Shinsen Station and within walking distance from Shibuya Station, providing convenience for commuting to work and school. This designer apartment located in a quiet residential area has a structural design with beautiful curved lines. With shops and supermarkets nearby, the location is convenient for living. The apartments offer unit types from 2LDK to 3LDK to cover different lifestyles, along with various amenities such as floor heating and bathroom dryers.
Gotanda Sta. is in 3 min. walk Located in a very convenient location, next to TSUTAYA. The Meguro River is very close. It has a luxurious entrance as well as functional in-house facilities. Units on higher floors get excellent views.
A 13-minute walk from Meguro Station on the JR Yamanote Line. Emblem Meguro Chayazaka is a 4-storey condominium in a beautiful residential area. Ebisu Garden Place is also very close, and the attraction of this location is that you can enjoy various activities from daily walks to daily shopping. With Nakameguro and Ebisu also within walking distance, you’ll be able to enjoy the urban lifestyle you’ve always imagined. The construction of the Meguro Chayazaka Icon was completed in June 1985. There are 14 units in total. There is an automatic lock system, a delivery box, and an elevator.
A large-scale redevelopment project for mixed-use facilities including SHIROKANE The SKY, which is a 45-story apartment with a total of 1247 units, is launched in the area within 3 minutes of Shirokane-takanawa Station on the Nanboku Metro Line and the Toei Mita Line. The Shirokane-takanawa area has undergone continuous evolution from numerous past and ongoing redevelopment projects. The area around Shirokane-takanawa Station is a city with various colorful shops including “Shirokane AER City” which is directly connected to the station. Facing the tree-lined streets, there are many beautiful flower shops, cafes, and restaurants. There is also a supermarket with a variety of imported materials nearby, and the sophisticated and modern atmosphere brings a variety of pleasures to everyday life. Home insurance can protect you against losses due to disasters, theft and accidents. There are mainly four types of coverage that home insurance will cover, coverage for the structure of the home, coverage for personal belongings, liability protection, coverage for additional living expenses. The cost of getting home insurance depends on factors such as deductibles, claims history, the value of your home and belongings and other variables, such as the age of the home, etc.
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Cover For The Structure Of Your Home This policy can cover to repair or rebuild your home if it is damaged or destroyed by fire, hurricane, hail, lightning or any other disaster listed on your policy. When buying this policy, make sure you buy enough to rebuild your home.
Lock And Key Replacement Some home insurance policies will cover you the cost of having a new lock installed, including the cost of hardware and the locksmith’s time to do the job, but this will not be covered by every home insurance policy. . If your locks are damaged in a break-in or if you lose your keys or they are stolen, this home insurance policy will cover the cost of repairs or replacements needed to secure your home.
Contains Personal Items This includes various valuables,