High insurance premiums were the leading reason for not purchasing earthquake insurance in Japan, according to a survey conducted from July to August 2021. While premiums were the negative factor for around 41 percent of the respondents, about 23 percent chose not to take out earthquake insurance because they were not sure how it worked.
Leading reasons for not purchasing earthquake insurance in Japan as of August 2021
Characteristic
Share of respondents
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Sompo Japan Insurance. (August 30, 2021). Leading reasons for not purchasing earthquake insurance in Japan as of August 2021 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1295518/japan-reasons-not-purchasing-earthquake-insurance/
Sompo Japan Insurance. "Leading reasons for not purchasing earthquake insurance in Japan as of August 2021." Chart. August 30, 2021. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1295518/japan-reasons-not-purchasing-earthquake-insurance/
Sompo Japan Insurance. (2021). Leading reasons for not purchasing earthquake insurance in Japan as of August 2021. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1295518/japan-reasons-not-purchasing-earthquake-insurance/
Sompo Japan Insurance. "Leading Reasons for Not Purchasing Earthquake Insurance in Japan as of August 2021." Statista, Statista Inc., 30 Aug 2021, https://www.statista.com/statistics/1295518/japan-reasons-not-purchasing-earthquake-insurance/
Sompo Japan Insurance, Leading reasons for not purchasing earthquake insurance in Japan as of August 2021 Statista, https://www.statista.com/statistics/1295518/japan-reasons-not-purchasing-earthquake-insurance/ (last visited August 24, 2024)
Leading reasons for not purchasing earthquake insurance in Japan as of August 2021 [Graph], Sompo Japan Insurance, August 30, 2021. [Online]. Available: https://www.statista.com/statistics/1295518/japan-reasons-not-purchasing-earthquake-insurance/