Property Insurance

Compulsory Earthquake Insurance (DASK Insurance)

When You found your dream home in Turkey and purchased it. All difficult processes are left behind, and you are the owner of the title deeds of your property at this point, all you have to do is enjoy your selected property and a few simple steps to do. Anyone, who has a home in Turkey's, an obligation to make TCIP insurance. You cannot get any electricity, water, and natural gas subscriptions without TCIP (Natural Disaster Insurance Institution) which is mandatory earthquake insurance. TCIP secures your home against damages caused by disasters such as earthquakes and earthquake fires, tsunamis, and landslides, and it will cover your loss in cash within the limits set in the policy.

Compulsory Earthquake Insurance (TCIP) is made annually, and the insurance must be renewed before the end of the previous one on yearly basis. The annual average price is between 200-500 TL, and it varies depending on factors such as the gross size of the property, location, history of the building, and the number of floors. It can be easily arranged at any bank or insurance company.

The documents you need to have with you to take TCIP insurance are as follows;

- Identity card or valid passport

- Tax identification number

- Phone number

- The full address of the property, the number of floors, the year of construction, etc. information

Apart from TCIP, you may want to secure your home against fire, floods, storms, lightning strikes, theft, and electronics damage. In this case, there are many types of insurance contracts you can submit on demand. You can choose the insurance package which fits your property in Istanbul and secure it against disasters, after insuring you will be able to go on holiday with peace of mind or to feel safe at home. Optional housing insurances vary according to the package selected, the value of the furniture in the house, the materials used in house construction, the m², and the declared value price of the house.

You can easily make the Compulsory Earthquake Insurance (Dask insurance) of the house you purchased through Diyar Turk Real Estate and, if you wish, the home insurance with the help of professional consultants. Professional sales consultants of Diyar Turk Real Estate are always ready to help you in case you need it after the sale and before the sale.

Frequently Asked Questions About Compulsory Earthquake Insurance and Home Insurance

What is TCIP (DASK)?

DASK (TCIP), the abbreviation of Doğal Afet Sigortaları Kurumu (Natural Disaster Insurance Institution), is a public institution that issues and manages compulsory earthquake insurance policies for all homes in Turkey and gives the residences state assurance.

What is compulsory earthquake insurance (DASK insurance), and where and how is it done?

Compulsory Earthquake Insurance is a type of insurance that insures residences within limits against damages that may be caused by natural disasters such as earthquakes, fires, explosions, and tsunamis. It can be done easily on the official website of TCIP and over the e-government system, or it can be done by insurance companies if requested.

What are the documents required to have Compulsory Earthquake Insurance (DASK insurance)?

Some information and documents are needed to take out compulsory earthquake insurance. The required information and documents are:

The person who will insure

• Name and surname
• Address
• Phone number
• Mobile number
• C. Identity Number (passport number for foreigners)
• Tax identification number (for legal entities)

The building to be insured

• Open address (Address code)
• Deed information
• Year of construction
• Building style
• Total number of floors
• Damage status

The home (Apartment) to be insured

• Gross area (m²)
• Usage

How to learn the address code for Compulsory Earthquake Insurance (DASK Insurance)?

TCIP address code is a special 10-digit code accepted as the official identity of all residences since March 2013. Homeowners who want to have compulsory earthquake insurance should know the DASK address code, which enables them to perform transactions in a shorter time and more accurately. There are multiple ways to learn the DASK address code. These are:

- It can be queried via the e-devlet application.

- It can be learned from the headman of the neighborhood, the population directorates, or the municipality.

- It can be learned from the General Directorate of Population.

- It can be inquired on the official website of the Natural Disaster Insurance Institution.

It is free to query the DASK address code. To learn the TCIP address code, information such as the province, district, village, and neighborhood where the residence is located is needed. If this information is entered completely and correctly, the DASK address code can be accessed.

What does compulsory earthquake insurance (DASK insurance) cover?

Compulsory earthquake insurance only covers damage to the building. This insurance is aimed to prevent people from becoming homeless after an earthquake.

In which cases does the compulsory earthquake insurance (DASK insurance) not pay?

Situations outside the compulsory earthquake insurance (DASK insurance) can be listed as follows:

- Debris removal costs

- Rent deprivation status

- Business stoppage (for workplaces)

- Alternative residence and workplace expenses

- Damages to the human body

- Expenses for all movables such as goods and furniture

- Moral compensation claims

- Damages caused by the building itself over time (except earthquakes)

- Damages other than the earthquake and post-earthquake fire, explosion, tsunami, or landslide

In addition to the compulsory earthquake insurance, you can also take out housing insurance to cover other damages (furniture, goods, etc.) outside the building.

How can I benefit from compulsory earthquake insurance (DASK insurance)?

You can report damage from compulsory earthquake insurance to the insurance company that issued the insurance policy on behalf of DASK or by calling 125 ALO DASK. It is necessary to report the damage caused by the earthquake within 15 days at the latest. When making a damage report, the following information should be given:

- Damage notification with T.C. identification number or policy number

- Current title deed information

- Open address information of the damaged building

- Phone number of the insurance holder

How is compulsory earthquake insurance (DASK insurance) determined?

While making compulsory earthquake insurance, 14 different price tariffs determined according to risk zones and different building types in Turkey are taken into account. Compulsory earthquake insurance (DASK) is renewed every year.

Is it compulsory to renew the compulsory earthquake insurance (DASK insurance)?

Yes, the TCIP policy is issued to be valid for one year for residences. Residents can also use this policy within one year. It must be renewed every year before the expiry of the insurance period.

What happens if Compulsory Earthquake Insurance (DASK insurance) is not renewed?

Subscription applications such as title deed, electricity, water, and natural gas cannot be made for a house without compulsory earthquake insurance. There is no penal sanction for not renewing the compulsory earthquake insurance. However, it is recommended that you insure yourself against damage to your home after an earthquake. Most of the financial losses caused by the earthquake are covered by this insurance and financial losses are easily compensated.

Can compulsory earthquake insurance (DASK insurance) be cancelled?

No, it cannot be cancelled. DASK insurance is compulsory insurance and cannot be cancelled.

How much is the compulsory earthquake insurance (DASK) fee for 2022?

Offers for TCIP may vary depending on the location of the residence, the year of construction of the residence, its square meters, and construction style. The average compulsory earthquake insurance prices for 2022 are as follows.

Compulsory earthquake insurance premiums for 2022 are as follows according to risk zones and building types:

Is it compulsory to have compulsory earthquake insurance (DASK insurance) in title deed transfer transactions?

According to the scope of Compulsory Earthquake Insurance, the title deed transfer of any residence cannot be made without a TCIP policy. TCIP insurance has become obligatory not only in purchase and sale transactions but also in cases such as rentals and mortgages.

Is home insurance and DASK insurance the same?

No. While DASK insurance only secures the building against earthquakes and disasters such as fire, explosion, and tsunami that may occur due to earthquakes, housing insurance assures homeowners against various risks such as fire, flood, and flood, independent of the earthquake.

Should I have DASK insurance or home insurance?

DASK is not optional insurance, it is compulsory insurance. Therefore, no choice can be made. However, home insurance can be made optionally, and its scope can be determined in line with needs and requests. While TCIP secures the building against earthquakes and natural disasters that may occur after an earthquake, home insurance covers more special cases such as furniture, electricity and water installations, theft events, etc.

Is DASK insurance compulsory for home insurance?

DASK is a compulsory insurance type. It is obligatory to be able to make subscription transactions such as electricity, water, and natural gas independently from the house insurance and to perform the title deed transfer transactions. As a result, although it is not compulsory for housing insurance, TCIP is compulsory insurance.

Where is home insurance done?

Home insurance in Turkey can be easily done through any insurance agency.

What is private home insurance, and how is it questioned?

Private home insurance is a comprehensive insurance type that secures the house and its belongings against many unexpected risks such as fire, flood, natural disasters such as earthquakes, landslides, storms, and theft. Private home insurance is not compulsory, it can be made optionally.

Does it make sense to have home insurance?

Many measures can be taken to protect the home you live in. However, the measures that can be taken against natural disasters are unfortunately limited. Of course, it would be logical and appropriate behaviour to secure your home and belongings against damage that may occur in a natural disaster such as a fire, earthquake, flood, or storm. With home insurance, you can ensure not only your home but also all your belongings, private and valuable belongings. In housing insurance, not only the damage to your house is repaired, but also the damage that may be encountered such as debris removal, which is not among the guarantees of TCIP insurance, is undertaken by the insurance company. For this reason, it is very reasonable to have home insurance to secure your home and belongings against unexpected situations that may arise from any natural disaster or events such as theft.

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