■ Fire Insurance■
Fire insurance is recommended for all property owners. It covers damage to buildings and household belongings caused by fires and natural disasters. Since fire risks exist, this insurance is generally considered essential.
Point: Premiums vary depending on the property’s location and building structure. Areas prone to natural disasters or wooden structures tend to have higher premiums.
■ Earthquake Insurance ■
In earthquake-prone Japan, it is advisable to consider earthquake insurance in addition to fire insurance. However, as mentioned earlier, earthquake insurance can be costly and only covers a certain percentage of damages to buildings and household items. It’s important to carefully weigh the cost against the coverage.
Point: Premiums increase in areas with a higher risk of earthquakes, so it’s important to assess your risk before deciding.
■ Household Insurance ■
Household insurance protects your furniture, appliances, and other belongings from damage due to fire, water leaks, or theft. It is particularly useful if you own expensive household items.
Point: Even if the property itself is covered by fire or earthquake insurance, household items often require separate coverage. Evaluate the value of your possessions when considering this insurance.
■ Additional Riders and Optional Coverage ■
Flood Damage Rider: For properties located in areas prone to flooding, a flood damage rider can be added to fire insurance.
Personal Liability Insurance: This covers damages caused to third parties, such as when a property’s facilities cause harm to others or accidents occur on the property.
When purchasing a property, it’s essential to evaluate various risks and consider fire insurance, earthquake insurance, household insurance, and other optional coverages.
At SeaHome, we support our customers in selecting the right insurance and navigating the application process. We introduce companies that offer insurance plans tailored to our customers’ needs, helping to create a safe and secure living environment.
