Nisshin Fire & Marine Insurance Co. will offer insurance coverage for damage caused by soccer hooligans to shop owners in Yokohama, one of 10 local Japanese governments hosting the 2002 World Cup soccer finals, company sources said Saturday.
The Tokyo casualty and property insurer devised a mutual aid insurance policy, dubbed 2002 Safety Hoken, at the request of shop owners near International Stadium Yokohama, the venue for the final in the city's Kohoku Ward, according to the sources.
The policy, valid for two months from May 7 next year, long enough to cover the monthlong finals, is offered on condition that at least 200 shops join, with a premium of 5,000 yen per shop.
Should any properties be damaged or burned down by hooligans, up to 1 million yen will be offered to a shop with the total coverage for all policyholders limited to 10 million yen.
The Yokohama stadium is hosting three first-stage league matches as well as the final. The stadium will host the Confederation Cup final today, following a semifinal game Thursday.
Japan and South Korea, joint hosts of the 2002 World Cup finals, have been holding consultations to discuss security measures such as exchanging information on hooligans.