The Jibaiseki Hoken(automobile third party liability insurance) and
The Jibaiseki Hoken is compulsory when you purchase an
Indemnity covered by the Jibaiseki Hoken is limited to
traffic accidents involving death or bodily injury of the victim.
Damages to objects of the victim, such as watches, cars,
or buildings will not be indemnified.
As indemnity is limited to damages to the victim, the
driver at fault and the passenger on board will not be covered by the
Jibaiseki Hoken taken out on his or her vehicle.
Therefore, voluntary automobile insurance is
recommendable to cover what the Jibaiseki does not include.
If drivers at fault have taken out voluntary automobile
insurance policies (payment ceilings have been fixed by the Jibaiseki Hoken
scheme), insurance companies deal with the claims of the Jibaiseki Hoken at
the same time and provide lump-sum payments.