Bicycle Insurance Japan Cost

Velosurance is a national bicycle insurance agency founded by two cyclists in response to the insurance needs of bicycle riders nationwide.

Bicycle insurance japan cost. The value of the bike becomes an important factor in the situation. Why is bicycle insurance important. Although insurance is optional in japan i highly recommend that you purchase some. The cost depends on the period of coverage as well as the classification of bike but for reference 24 month coverage for a motorcycle over 250cc is around 12 000.

While some home insurers will include cycle cover on their policies as standard often the bike is only insured if it is inside the property or secured properly in an outbuilding like a shed or garage. We designed sundays bicycle insurance specifically for cyclists. Liability insurance is separate to general insurance which is optional in japan. Most of bicycle insurance won t cover electric bikes as electric bikes cost more than bicycles and they have different accidents and incidents.

Protection for spare parts and accessories up to 500 in coverage for spare parts and 500 for riding apparel per claim 1 000 total per policy term. Such expensive price tag make your e bike a target for thieves. We also have essential coverages for you the rider. At no additional cost bicycle physical damage insurance protection can also include.

As of the end of november hyogo and 10 other prefectures as well as seven designated major cities required bicycle users to get insurance while 13 prefectures and three major cities had. The tokyo metropolitan government submitted an amendment that would oblige cyclists to purchase liability insurance following a series of bicycle accidents in which pedestrians were severely injured. Assuming that a bike is covered under home contents insurance is a mistake. If you lose a 25 claims free discount for 3 to 5 years on your home insurance costs and you also lose 500 of the value you wanted to claim for the deductible then you may want to really consider whether it make sense to make a claim on your home insurance for a bike.

A cheap electric bike can cost somewhere around 1000 and an expensive electric bike can cost up to 15 000. We partnered with an a m best a rated us insurance company to provide a multi risk policy offering protection to all types of cyclists. English language options seem to be minimal in this regard so get a japanese speaking friend to help you if you can.