A Simple Guide to Home Insurance in Japan

Poste date: Friday, March 1, 2024

Living in Japan as a foreigner, you may face challenges due to culture shock, language barriers and just plain cross-cultural misunderstanding. But beyond these obvious daily experiences, foreign residents may also have to overcome hurdles in times of stress or disaster. When you own or rent a property in Japan and something goes wrong, what do you do? While the best plan is to prepare ahead with relevant insurance as you would in your own country, finding and buying home insurance in Japan can be tough even if you speak Japanese well. Fortunately, we’re here to help.

In addition to explaining the basic coverage and cost of a typical Japan insurance policy for home or rental, this handy guide also includes a list of English-speaking insurance agencies in Tokyo to help you make the best decisions possible during your stay.

Home Insurance in Japan: The Basics

Fire Insurance

When you rent or own a home or business in Japan you need fire insurance. In fact many apartments require fire insurance in their leasing contract.

Simply stated, fire insurance covers your prized possessions in the case of damage by fire, smoke etc. But the great news is that your plan will also usually cover other damages, caused by events as common as the following:

  • When a wayward toddler breaks your computer or the antique pottery you’ve collected in your travels.
  • When your washing machine gets overexcited and overflows, soaking your floor and the neighbors room downstairs.
  • When you are practicing to be the next David Beckham and your soccer ball takes a dramatic turn, hitting and injuring someone nearby.

How much does fire insurance cost?

Average fire insurance in Japan costs between ¥20,000 - ¥40,000 for 2 years, with the price being a bit higher depending on what other options you choose to add. Of course, you should check with your insurance company both for the exact prices and possible additions to your plan.

What does it cover?

Fire insurance coverage mainly includes these 3 categories:

Home Contents

- Designed to keep your possessions safe. The cost of your policy will be decided based on your valuables. This figure is set in broad groupings with coverage limits and not as an itemized plan more commonly available in other countries

Tenant Liability

- This covers accidents causing damage inside the home or even to your neighbor’s units. Things like an overflowing bathtub, a gas fire when someone forgets that frypan full of potatoes on the stove or other mishaps.

Personal Liability

- This very helpful part of Japan insurance plan covers you in case someone’s property is damaged or they become injured either due to an accident involving you or through negligence on your part. For example, if you are in a bike accident and run into someone on the street, this part of your insurance plan would cover medical costs and property damages for the other person involved.

Please note that some companies provide insurance for their international employees living in Japan on temporary contracts. You should confirm if this is the case for you and ask for details of what is included in your coverage. You might still want to add a Japanese fire insurance policy to make sure you are covered for household emergencies and accidents.

Although it may seem as if earthquakes should be part of this coverage, in reality regular fire insurance in Japan does not cover natural disasters. Fortunately there is an additional insurance option, appropriately called earthquake insurance, that is there to help in those dangerous situations.

Earthquake Insurance

As you probably already know, living in Japan means that it is necessary to prepare for earthquakes. However, Japan insurance policies dictate that fire insurance does not cover damage caused by earthquakes, including fire-related damage that may spread as a result of one. Therefore it is essential to add additional earthquake insurance to your policy. Be aware 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: A Simple Q&A

How much does earthquake insurance cost?

According to Japan’s Ministry of finance, earthquake insurance policy fees are different in each prefecture with the minimum cost being around 6500 yen and the maximum around 32,600 yen per year. Please see their website for further details.

Ministry of Finance Japan: Outline of Japan’s Earthquake Insurance System

What does it cover?

Earthquake insurance is exclusively for earthquake disasters. It covers loss of your personal items (including household goods) as well as property damage caused by fire, destruction, landslides, and rubble or water damage, assuming that all of the former happened as a result of earthquakes, volcanic eruptions and tsunami.

Please note that your add-on earthquake coverage will not cover precious metals, jewels and antiques with values exceeding 300,000 yen per item or per set, currency, securities, deposits and savings certificates, revenue stamps, postage stamps, or automobiles.

Getting your Japan Insurance Policy Needs Met

When either renting or owning property in Japan, choosing, purchasing and maintaining insurance to help cover the costs of damage, loss, liability and earthquake and disaster damage is crucial for your safety and peace of mind.

While we understand that some may choose coverage with firms outside Japan, we would like to help you make the best policy choices for you and your family in the country you will be calling home for the next few months or years.

To that end, we have compiled a short list of English-speaking insurance companies that can give overall policy advice, provide an estimate and help you file all the necessary documentation. They will give you a clear understanding of your policy and all the costs involved so that you can feel comfortable and confident in your choice of insurance coverage.

English Speaking Home Insurance Companies in Tokyo

TRINITY Inc.

Fire Insurance, property and casualty insurance, Life Insurance, Automobile insurance. We provide foreigners residing in Japan with various insurance products. Difficult product explanation and the complicated procedures are all available in English.

http://www.japaninsurance.net/about_us.html

TEL: 0120-467-873


Chubb Insurance

https://www.chubb.com/jp-en/

TEL: 03-6364-7000


Mojumdar

http://mojumdar.com/

TEL: 03-3281-2119


 

5 minutes to Meguro Station where 4 trainlines cross. Nearby 'Meguro' Exit of Tokyo Metropolitan Expressway. Quick accessibility. Front desk reception service. Ample and high-grade facilities including fitness gym. Gorgeous view only available at high-rise apartment.

JPY 307,000 - 527,000/month

A landmark residence in 'Jjinnan' community. High-rise architecture of innovative design. Quality residential support is its symbolic element. 24-hour home security service. Manned reception service.

JPY 490,000 - 840,000/month

High-grade residential tower along Meguro River. Hotel-like services and fasciitis. 7 minutes walk to Meguro Station and accessible to 4 train lines. Quake-absorbing Structure.

JPY 268,000 - 528,000/month

Exterior of Park Court Aoyama The Tower
Sale Property tag

Located in Minami-Aoyama 2-chome, Minato-ku, Tokyo, Park Court Aoyama the Tower, formerly sold by Mitsui Fudosan Residential and Iconique Special Purpose Company and constructed by Obayashi Corporation, was completed in March 2018. It is a large-scale tower condominium with a total of 163 units and 26 floors above ground and one basement floor. The stylish and modern form with graceful curves is eye-catching. Park Court Aoyama the Tower offers a wide range of common facilities and amenities, including an infinity pool, jet bath, fitness gym, sky lounge, club lounge, guest rooms, etc. A private garden surrounded by greenery on the second floor and a concierge who will support your comfortable living and provide attentive services. The 24-hour manned management system and auto-lock system at the entrance linked to the intercom with TV monitor support the security of your residence. The nearest station to Park Court Aoyama The Tower is Aoyama-itchome Station on the Tokyo Metro Ginza Line. It is a 3-minute walk from the station to the apartment. Aoyama-itchome Station on the Tokyo Metro Hanzomon Line and Toei Oedo Line is also a 3-minute walk away, and Nogizaka Station on the Tokyo Metro Chiyoda Line is a 7-minute walk away, providing convenient access to transportation. In preparation for disasters The latest technology employed for maximum safety of the building. Emergency generators placed available for 72hours Stockpile warehouse place on all the floors for storage of disaster stockpile.

JPY 698,000,000

Exterior of Parkcourt Shibuya The Tower
Sale Property tag

This 39 story tower condominium is a new landmark in Tokyo Shibuya. Common facilities: Various lounges (golf lounge, co-working lounge, creative lounge, media lounge, library lounge) besides the atrium view lounge. Screening room, party room, guest room, meeting room, study room, fitness room. *Fixed-term land sub-leasehold with the lease period: Approx. 70 years until September 30, 2093. Land rent: No payment of land rent due to lump-sum payment is done at the time of purchase of newly built lots.

JPY 183,000,000

Exterior of Brillia Ariake SkyTower
Sale Property tag

Brillia Ariake Sky Tower is a 33-story reinforced concrete built condominium apartment located in Ariake 1-chome, Koto-ku, a continuously developing town. It features various shared facilities that enrich daily life of the residents such as a bar lounge, library, swimming pool and fitness gym. There is Bunkado supermarket on the 1st floor, so everyday shopping is so easy for the residents. On the 2nd floor there is a licensed nursery school “Himawari Kids Garden Ariake no Mori”, which is providing the residents having small children with convenience and a sense of security.

JPY 80,800,000