Why you must avail fire insurance?

Perhaps in Japan or any other country, fire and explosion accidents are hazards that everyone wants to avoid, but the probability is quite high. It can range from inadvertent to conscious. So in addition to early prevention steps, our people also need a plan to ensure both later, in case we are the ones who encounter this accident.

A few reasons why you need fire insurance 

– Firstly, fire insurance in Japan is not too expensive, about 4,000 yen/year (depending on the package). 

– If the house burns down and the house you just bought still has a debt to the bank, you will have to both pay that debt and have to spend money to build or buy another house. Participating in fire insurance shows your sense of wanting to protect the property and health of not only the individual but also those around him. 

– If there is a big fire, the amount to be compensated will be extremely large, from several billion to several tens of billions. For a foreigner living in Japan, this will be an unbelievable amount of money that you can work your whole life and not pay off! Let the insurance company cover this for you. 

– This is almost mandatory insurance for foreigners when renting a house in Japan. Many real estate companies will not let you rent out if you can’t prove that you have completed a fire insurance application.

Therefore, participating in fire insurance is not a choice but it is also the responsibility of each individual in a collective. Don’t try to find a way to delay or not buy fire insurance just because you want to save money every year!