IIIII 2 Posted April 9, 2013 Share Posted April 9, 2013 I know there's earthquake insurance, but is there also volcano insurance? Or do things like that come under the same policies? Link to post Share on other sites
snowdude 44 Posted April 9, 2013 Share Posted April 9, 2013 I know there's earthquake insurance, but is there also volcano insurance? Or do things like that come under the same policies? Dunno, as far as I know volcano explosions are not covered by insurance, but not sure. If Fujisan blows her top, then where our new house is going to be will be far enough away to not be effected by it. Where we are now though we would probably get a covering of ash on everything. Link to post Share on other sites
Metabo Oyaji 71 Posted April 9, 2013 Share Posted April 9, 2013 Did a web search, and found a site claiming that damages from volcano eruption, tsunami or earthquake are all covered under earthquake insurance --and NOT under regular fire insurance. Note that earthquake insurance has lower pay-out limits than regular fire insurance. (Also, as our agent explained to us, if a fire was caused by an earthquake, then it is only covered by earthquake insurance, not regular fire insurance.) Link to post Share on other sites
ProbablyaCrazyPerson 2 Posted April 9, 2013 Share Posted April 9, 2013 Definitely a good idea to be covered by earthquake insurance I reckon. Link to post Share on other sites
Metabo Oyaji 71 Posted April 9, 2013 Share Posted April 9, 2013 No reason not to be. It's pretty cheap. Link to post Share on other sites
brit-gob 9 Posted April 9, 2013 Share Posted April 9, 2013 Actually what sort of cost is it? Link to post Share on other sites
DumbStick 13 Posted April 10, 2013 Share Posted April 10, 2013 I remember asking and obviously there are different levels etc, but it will be a definite for me. Link to post Share on other sites
Metabo Oyaji 71 Posted April 10, 2013 Share Posted April 10, 2013 Depends on the type of house, but a couple to a few man-yen per year? The catch is that you only get paid about half the value of your house at most. Plus, the payout levels are quantized; for 3.11.2011, the payout levels were 5%, 50%, or 100% of half the value of one's house, so really 2.5%, 25% or 50%. (Not sure if these payout levels always apply, or whether they were just for that one.) Link to post Share on other sites
Tubby Beaver 209 Posted April 11, 2013 Share Posted April 11, 2013 that'd be a sickener, paying a few man yen for many years and then only getting 2.5% of your house value!! Is the % based on value when you bought it or perceived value at the time of destruction? Link to post Share on other sites
cal 6 Posted April 11, 2013 Share Posted April 11, 2013 That would indeed be a sickner 1 Link to post Share on other sites
Metabo Oyaji 71 Posted April 11, 2013 Share Posted April 11, 2013 that'd be a sickener, paying a few man yen for many years and then only getting 2.5% of your house value!! Not really. Actually, we got a 2.5% payout due to damage from the 3.11 earthquake, which corresponded to a few decades' worth of insurance premiums, after only paying in for a few years, so cannot really complain. Certainly better than not getting the payout. Whole process was remarkably smooth and trouble-free. The assessor actually pointed out things we hadn't noticed; the reasons we originally called him in for he said weren't significant, but that we should deal with other issues we hadn't been aware of. Good experience all around, and glad in the end to have had his trained eye to check over things. Is the % based on value when you bought it or perceived value at the time of destruction? Based on the value when one took out the insurance, I think. Which for us was when the house was new. Link to post Share on other sites
NoFakie 45 Posted April 11, 2013 Share Posted April 11, 2013 I'll have to look into it. It's good to know they pay up. Link to post Share on other sites
Tubby Beaver 209 Posted April 11, 2013 Share Posted April 11, 2013 Yeah I was thinking more if the house was totalled and all u got was 2.5% Link to post Share on other sites
Metabo Oyaji 71 Posted April 11, 2013 Share Posted April 11, 2013 Yeah I was thinking more if the house was totalled and all u got was 2.5% Oh, that's not how it works. You get paid the highest level that your damage reaches or exceeds. So if the assessed damage amount is between two specified payout levels, then you get the lower level. Earthquake insurance won't pay to put your house back exactly the way it was before, it just helps defray some of the costs of repairs/rebuilding. But worth it nonetheless, I think. Link to post Share on other sites
Tubby Beaver 209 Posted April 12, 2013 Share Posted April 12, 2013 naruhodo Link to post Share on other sites
joshnii 2 Posted April 12, 2013 Share Posted April 12, 2013 All very interesting. Wonder how that works with apartments? I know I don't pay anything like that........ Link to post Share on other sites
rach 1 Posted April 12, 2013 Share Posted April 12, 2013 Well that just woke me up good and proper! Shindo 6 in some places. Link to post Share on other sites
gifugill 0 Posted April 12, 2013 Share Posted April 12, 2013 Me too. Link to post Share on other sites
Metabo Oyaji 71 Posted April 12, 2013 Share Posted April 12, 2013 Hope everyone in the area is ok. Link to post Share on other sites
@tokyo 14 Posted April 13, 2013 Share Posted April 13, 2013 Gambatte! Not had many down there of late, so I thought. Link to post Share on other sites
muikabochi 208 Posted April 13, 2013 Share Posted April 13, 2013 Shindo 6. A strong one. Link to post Share on other sites
fukdane 2 Posted April 15, 2013 Share Posted April 15, 2013 Another 'unknown' active fault giving us a 6. As they say, could happen anywhere anytime. Link to post Share on other sites
Tubby Beaver 209 Posted April 16, 2013 Share Posted April 16, 2013 did anyone see those large fissures that have appeared on the roads around Mt Fuji??!! They are huge....although scientists are saying that it isn't down to magma movement, but melting snow and ice washing away the soil under the tar mac.....still pretty impressive/dangerous cracks in the earth Link to post Share on other sites
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