Living in a Dwelling Owned by You or Your Family
If your own dwelling or its contents are damaged by fire, a typhoon, heavy rain or other natural disaster, you must bear repair and other costs associated with the damage.
For example, Japanese law stipulates that even if a fire that originated at a neighboring property damages your dwelling, you may not, as a rule, claim damages against the neighbor.
Accordingly, you must bear repair and other costs for the damage.
To prepare for risks related to your dwelling and its contents, we recommend that you purchase homeowner (fire) insurance
Generally, most general insurance companies provide insurances such as the following.
- Homeowner (fire) insurance protects your dwelling and its contents from fire and other risks.
- Various types of insurance products are provided. The following shows the major perils covered by homeowner (fire) insurance.
- As coverage details vary between general insurance companies, please check to find the policy most suitable for you.
Fire Lightning, burst or explosion Windstorm, hail, or snow disaster Collision or falling of objects coming from outside Violence or destruction during a riot, strike, etc. Theft Water leaks Flood
*Losses caused by earthquakes, volcanic eruptions, or tsunamis are not covered by homeowner (fire) insurance.
- As building insurance alone does not cover contents, each dwelling and its contents should be insured. If you wish to cover your contents, you can either purchase a rider for the contents to your building insurance or make a separate contract.
- When insuring your contents, you are required to notify the general insurance company of any valuable items in your possession such as jewelry and works of art, etc.
If there is no such notification, the loss of such items will not be covered.
Recently, in general, the amount insured of homeowner (fire) insurance is set based on the cost of replacement.
Therefore, if your dwelling is destroyed by fire, you can get enough benefit from your insurance to replace your dwelling.
*“The cost of replacement” refers to the amount necessary to newly build or purchase an equivalent property.
*Please note that the explanations about the general insurance referred above are based on the Japanese laws and practices. Please also note that the explanations referred above are examples. Actually, they may vary depending on each circumstance.
When you wish to obtain a homeowner (fire) insurance
Please consult the real estate agent through whom you purchased your dwelling, or the bank that holds your mortgage.
Of course, general insurance companies or insurance agents will provide information on insurance.
Before signing a contract, we recommend consulting your acquaintance who is able to understand policy terms and conditions in Japanese.
*A general insurance contract is agreed under certain terms and conditions. Therefore, you need to understand the details of the coverage when you make a contract. Japanese general insurance companies provide their policy terms and conditions only in Japanese.