| Date: | Thursday, January 12, 2023 |
Earthquake insurance is compulsory insurance to maintain real estate dues in Turkey after any damage.
When buying a property in Turkey, you have to pay attention to all the laws related to real estate in Turkey issued by the Turkish government to complete the purchase, and among these laws is to obtain an earthquake insurance document in Turkey in order to secure their properties against earthquakes, so what is earthquake insurance and what is its importance? You will find everything related to the earthquake insurance policy in Turkey real estate in our next article.
Earthquake insurance is mandatory insurance to maintain real estate dues in Turkey after any damage that may befall it as a result of natural disasters such as earthquakes, fires, and collapses. Also, earthquake insurance will provide you with coverage for all financial expenses that help the property owner to rise again after that disaster, this is what the Turkish government has introduced After the devastating 1991 earthquake that claimed many lives and left behind a lot of material and moral losses, this insurance is extracted from the natural disaster insurance institution known as DASK, which is directly supervised by the Turkish Ministry of Finance and the insurance period is one year and is renewed annually.
Pay attention to an important point, which is when you buy a property in Turkey, you must obtain an earthquake insurance policy in Turkey and without obtaining it, you will not be able to open the water, electricity and gas subscriptions, as for the value of earthquake insurance, it varies according to the area and location of the property in Turkey, and the wages of this important document are not high .
So what are the real estate in Turkey covered by earthquake insurance?
* All residential real estate in Turkey registered in the Tabu Department, such as apartments and villas ...
* Real estate that the Turkish state creates for public services or grants them to residents in periods of disaster.
* Offices registered in the Land Registry Department.
* Real estate under construction that meets the conditions of construction and real estate records and has a real estate easement title.
* Real estate in Turkey that meets the construction requirements but did not receive the construction description "commercial or residential"
* Parts of floors subject to property law "roofs, garages, service facilities ..."
On the other hand, there are buildings that are not covered by earthquake insurance, such as those buildings that are not subject to the foundations of the laws of the state in construction, or abandoned buildings or offices abandoned commercially, or those buildings that are built in rural countryside without observing the laws, so they do not obtain a building permit from the ground up.
In the event of any earthquake in Turkey or a natural disaster, the DASK Foundation covers many expenses such as building basics and rules, ceilings and floors, corridors between Turkey's apartments, stairs and elevators, building entrances, roofs.
As for the expenses that are not covered by earthquake insurance in Turkey, the expenses of removing rubble, the expenses of moving to a new home, losses of furniture, luggage and goods, damage to the property caused by the earthquake due to malfunctions in the property itself.
Earthquake insurance in Turkey is one of the most important topics that you encounter when you own a property in Turkey, and we hope that we have succeeded in this article to provide the most important details of the definition of earthquake insurance in Turkey, the properties that are covered by earthquake insurance, properties that are not covered, and the expenses covered by earthquake insurance, which are not covered.
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