TCIP INSURANCE
It covers material damages directly caused by earthquakes, as well as fire, explosion, tsunami, and landslides resulting from earthquakes, within the limits specified in your policy.
Compulsory Earthquake Insurance provides coverage for material damages resulting from earthquakes and related disasters such as fire, explosion, tsunami, and landslides directly caused by earthquakes. Introduced as a legal requirement following the 1999 Marmara Earthquake, this insurance applies to all residential properties within municipal boundaries.
The Turkish Catastrophe Insurance Pool (DASK) offers protection whether your building is partially or completely damaged, covering a wide range of structural elements from foundations to roofs. It delivers cost-effective, prompt, and reliable protection, helping you mitigate financial losses in the event of a disaster.
The Turkish Catastrophe Insurance Pool (TCIP) is a state-supervised insurance system introduced following the Marmara Earthquake of August 17, 1999. It provides compensation for material damages caused by earthquakes and related disasters, including fire, explosion, tsunami, and landslides.
It covers material damages caused by earthquakes and their direct consequences, such as:
Fire
Explosion
Tsunami
Landslide
within the limits specified in the policy.
Under DASK coverage, the following structural components are insured:
Foundations
Main and shared walls
Garden and retaining walls
Ceilings, floors, and roofs
Staircases, elevators, landings, and corridors
Chimneys and other complementary structures
Yes. Insurance can be issued in the following cases:
Buildings with condominium servitude established but without title type correction
Properties registered as “land” in the title deed but constructed as residential buildings
Cooperative housing units without completed title allocation
Residential buildings constructed before the year 2000 without an individual title deed
In such cases, the insurance policy is issued based on declaration and the accuracy of the land title deed information.
