Published in the Official Gazette on 27.12.1999 which entered into force in accordance with Decree Law No. 587, the Compulsory Earthquake Insurance Scheme, from the date of 27.09.2000, independent departments within the scope of Condominium Law No. 634, registered land office and residential buildings built on the immovable property subject to private ownership these buildings, located within the business, office and similar uses in the sections with independently commissioned by the State due to natural disasters or the dwellings of the loan is subject to compulsory earthquake insurance. This is earthquake insurance, earthquake as a result of fire, explosion, and in the shifting and the foundations of the buildings insured, directly caused financial losses (stairs, elevators, roofs and chimneys, including those from occurring), the price of insurance is guaranteed by the Natural Disaster Insurance .
The buildings were not covered by insurance:
- Public institutions and agencies of the buildings, - the village in the areas of residential buildings - All buildings used for commercial or industrial purposes, - December 27, 1999, which was built after the construction permit under the relevant legislation, but not buildings.
Out of Insurance Coverage Remaining Cases:
- Removal of Debris, landslide, business interruption, loss of rent, alternative residence and office expenses, financial obligations and all other indirect losses may be placed on forward like no other, - all kinds of movable property, goods, and the like, - the whole body of death, including losses , - non-pecuniary claims.
Determination of the sum insured:
Determining the cost of insurance, insurance for the building style of the dwelling by the Undersecretariat of Treasury and published in the Compulsory Earthquake Insurance Tariff leaflet surface area determined by multiplying the gross square foot cost amount in the same dwelling is considered. Compulsory earthquake insurance, the insurance cost of a dwelling, by no means the Compulsory Earthquake Insurance Tariff and the maximum amount of collateral shall not be determined leaflet.
