In Türkiye, compulsory earthquake insurance was implemented after the Great Istanbul Earthquake of 1999 to reduce the financial burden of earthquakes. For all details and information regarding DASK (Compulsory Earthquake Insurance)... https://dask.gov.tr/ You can reach us through this channel!
What is earthquake insurance, what is DASK?
DASK is a type of insurance designed to cover damages caused by earthquakes, and within the scope specified in the insurance system, it provides coverage for material damages such as landslides, tsunamis, and earthquake-related fires. DASK is an abbreviation for the Natural Disaster Insurance Institute.
DASK, known as Earthquake Insurance in Türkiye, refers to mandatory insurance. It is a type of insurance that is compulsory in Türkiye to protect homes and businesses against earthquake risks. Compulsory Earthquake Insurance is also a requirement for electricity and water subscription applications.
In Türkiye, this is also called Compulsory Earthquake Insurance for Home and Business Owners. This insurance provides basic protection against earthquake risk for all homes and businesses in Türkiye. Compulsory Earthquake Insurance covers homes and businesses located in earthquake zones determined by the State Hydraulic Works (DSİ).
This is a safety measure implemented to reduce material damage that may occur as a result of earthquakes and to protect citizens. This insurance partially covers damages caused by earthquakes and provides financial support to property owners.
State Guarantee Against Earthquakes: Compulsory Earthquake Insurance is a security system provided by the state. This insurance protects homes against the effects of earthquakes and disasters caused by earthquakes, such as fires, explosions, landslides, and tsunamis.
It's extremely simple to acquire: Homeowners who want to secure their homes and the future of their families can easily obtain insurance by applying to the nearest insurance agency or bank branch. Anyone who provides their property and personal information has the opportunity to become a policyholder.
Accessible Insurance with Affordable Monthly Premiums: The monthly premiums for annual insurance policies are determined based on the type of property, gross square footage, construction date, number of floors, and the risk level of the neighborhood. Efforts are made to set the premium amount in a way that is affordable for the average citizen.
Discount Advantages: Customers who renew their policies annually can benefit from a renewal discount. Special discounts are available depending on the construction date and number of floors.
In case of damage: Insurance policyholders whose homes are damaged due to an earthquake should first contact the ALO DASK 125 Call Center. Providing the authorities with their policy and/or national identification number, the full address of the affected property, and a contact number is sufficient to open a damage claim file.
Quick Damage Assessment: Following the insured's claim, the Damage Assessment Officer conducts a swift damage assessment by inspecting the insured property on-site. This ensures that an appropriate compensation amount is determined as quickly as possible.
Compensation Paid Quickly: The compensation amount will be sent as soon as possible to the nearest bank branch in the name of the rightful owner listed in the title deed.
How to get earthquake insurance?
Obtaining earthquake insurance is extremely important and is generally done by following these steps:
Choosing an Insurance Company
The first step is to choose a reliable insurance company. In Türkiye, DASK (Earthquake and Natural Disaster Insurance Institution) generally provides this type of mandatory insurance. However, you can also obtain earthquake insurance from private insurance companies.
Valuation of Your Home or Business
To obtain an insurance policy, the value of your home or business needs to be determined. This is done by the insurance company using a specific formula or valuation process.
Choosing an Insurance Policy
When choosing an insurance policy, you should carefully examine the scope and coverage. Earthquake insurance generally covers damage to the building, its contents, and other structures.
Premium Payment
You will have to pay a premium to purchase your insurance policy. The premium may vary depending on the policy's coverage, the value of the property, its location, and other factors.
Understanding Policy Details and Terms
Carefully read the details of your insurance policy and understand its terms. This is important to know which situations are covered and which are excluded.
Keeping the Policy Up-to-Date
Review your policy annually and update it as needed. Updating your policy based on any changes will help you properly protect your insured property.
Earthquake insurance is crucial for minimizing financial losses after an earthquake and providing financial support during the reconstruction process. Therefore, it's important to manage this process carefully and work with a reputable insurance company.
Earthquake Insurance Prices 2024
The insurance tariff includes a total of 14 tariff prices, covering 7 different risk groups and 2 different policy types. Your premium will be calculated by multiplying your coverage amount by the determined tariff price.
Insurance prices, which are determined annually, are as follows for 2024:;
- The minimum premium amounts for calculating insurance coverage will be applied as follows, effective February 1, 2024: 6000 TL per square meter for reinforced concrete structures and 4000 TL per square meter for other structures. The per-square-meter prices used for calculating insurance coverage will change monthly according to the Producer Price Index (PPI) announced by the Turkish Statistical Institute (TÜİK).
- Minimum premium amounts have been updated according to risk groups as follows:
Group 1: 979 TL
Group 2: 869 TL
Group 3: 739 TL
Group 4: 693 TL
Group 5: 521 TL
Group 6: 370 TL
Group 7: 252 TL
These amounts will be effective from January 1, 2024.
Earthquake Insurance Calculation
You can use the following tool to calculate your insurance premium.
https://www.dask.gov.tr/e-services/portal/calculatePremium
Insurance costs vary depending on the coverage and the size of the insurance company. While this applies to areas with a higher risk of earthquakes, lower insurance premiums are charged for properties located in areas at risk of earthquake collapse.
Earthquake Insurance Inquiry
You can use the tool below to inquire about insurance policies for your apartment.
https://www.dask.gov.tr/e-services/portal/searchPolicy
