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Fancy paying out millions for a collision? Insurance is a must in Japan...

Cyclists in Japan are rushing to buy special insurance as courts begin to impost huge damages to people injured on the streets.

Kobe District Court ruled that the mother of a fifth-grade boy who knocked out a woman when crashed his bicycle into her had to pay about ¥95 million (£10m) in compensation.

And Tokyo District Court awarded ¥47 million (£5m) in damages to a rider who hit and killed a woman at a pedestrian crossing.

One insurer, Sompo Japan Nipponkoa Insurance Inc., says it has insured 400,000 cyclists since April, while Tokio Marine & Nichido Fire Insurance Co. said new contracts were up 30 per cent this year.

Since 2015, cyclists in many Japanese jurisdictions have been obliged to have insurance to ride, although there were no penalties stipulated for failing to do so.

A survey of 4,000 cyclists found that 65 per cent were insured, according to the Japan Times.

Many more will have to follow suit when laws change in other areas early next year.

Back in 2012 we reported how cyclists in the UK were being urged to get insurance by the Association of British Insurers (ABI).

The ABI warned that failure to get adequate cover could leave cyclists facing high bills if they are injured in an accident or are found responsible for causing one.

ABI spokesman Malcolm Tarling said: "If you are a cyclist and you are involved in an accident the chance of you being injured are quite high,

"Some 230 cyclists a month are killed or seriously injured on the roads so there is a good chance you are going to be off work for weeks, if not months, so some sort of insurance to cover you for loss of income makes sense."

 

 

After an unpromising start, having to be bribed by her parents to learn to ride without stabilisers, Sarah became rather keener on cycling in her university years, and was eventually persuaded to upgrade to proper road cycling by the prospect of a shiny red Italian bike, which she promptly destroyed by trapping a pair of knickers in the rear derailleur. Sarah writes about about cycling every weekend on road.cc.

4 comments

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Wafty Crank [12 posts] 2 months ago
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The accident in Kobe was in 2008 and the court case was 2013.  And I think you might have added an extra zero to those pound conversions.  95 million yen is currently about £630,000.

As far as I know, none of the insurance plans offer personal liability cover of more than about £2 million (mine only covers about £640,000).  

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JeffB [7 posts] 2 months ago
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I have some yen to sell you at that rate.

I guess you went to the Diane Abbott school of maths?

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Yorkshire wallet [1573 posts] 2 months ago
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£10m for knocking out a woman with a bike

£5m for killing a woman with a bike

I see Japanese courts are as stupid as UK ones.

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CygnusX1 [632 posts] 2 months ago
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Yorkshire wallet wrote:

£10m for knocking out a woman with a bike

£5m for killing a woman with a bike

I see Japanese courts are as stupid as UK ones.

Japanese courts may well be as stupid as UK ones, but they didn't do the currency conversion.

 At today's spot rate (1 JPY == 0.00659 GBP), so a ¥1 million is £6,590 and so the awards were £626k and £310k respectively.

road.cc wrote:

And Tokyo District Court awarded ¥47 million (£5m) in damages to a rider who hit and killed a woman at a pedestrian crossing.

I bet a certain Charlie wished he did his riding in Tokyo not London - a cyclist kills a pedestrian in the UK gets 18 months, do the same in Japan and the courts award you damages according to the story - normally damages would be awarded to the injured party or their family if deceased).