{"id":91488,"date":"2022-01-09T15:01:34","date_gmt":"2022-01-09T12:01:34","guid":{"rendered":"https:\/\/emlakey.com\/?p=91488"},"modified":"2022-01-09T15:01:34","modified_gmt":"2022-01-09T12:01:34","slug":"how-is-compulsory-dask-insurance-made","status":"publish","type":"post","link":"https:\/\/emlakey.com\/en\/how-is-compulsory-dask-insurance-made\/","title":{"rendered":"How is Compulsory DASK Insurance Made?"},"content":{"rendered":"<h2>How is Compulsory DASK Insurance Made?<\/h2>\n<p style=\"text-align: justify;\">TCIP, which is an earthquake insurance, is a kind of policy that became compulsory after the 17 August 1999 Marmara Earthquake. Accordingly, every home owner is required to have earthquake insurance.<\/p>\n<h2>What is TCIP?<\/h2>\n<p style=\"text-align: justify;\">Natural Catastrophe Insurance Institution, namely TCIP, is a kind of non-profit official insurance institution. It covers the material damages that occur as a result of earthquake and natural disasters such as fire, explosion and tsunami, within the policy limits. TCIP is mandatory for all residences and is one of the documents required for home purchases and sales. You cannot transfer title deed without taking out Compulsory Earthquake Insurance.<\/p>\n<h2>What are the Objectives of TCIP?<\/h2>\n<p>TCIP is a kind of social resource pool as Compulsory Earthquake Insurance. A certain insurance fee and premium are collected from the home owners. The collected money is inspected by the Undersecretariat of Treasury.<\/p>\n<p>The purposes of DASK are as follows:<\/p>\n<ul>\n<li>Securing the residences against earthquakes and natural disasters caused by earthquakes<\/li>\n<li>\u00a0Covering financial losses with public work<\/li>\n<li>Reducing earthquake-related expenses for the state and creating funds for future risks<\/li>\n<li>\u00a0Promote healthy building<\/li>\n<li>Instilling insurance awareness among the public<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/sm.shbdn.com\/assets\/estate360\/common\/x_565_424_dask-nasil-yapilir.jpg\" alt=\"Zorunlu DASK Sigortas\u0131 Nas\u0131l Yapt\u0131r\u0131l\u0131r?\" title=\"\"><\/p>\n<h2>Required Documents for TCIP<\/h2>\n<p>Compulsory Earthquake Insurance is made on the basis of declaration. When filling out the information in the policy and documents, you should take care to write the correct information.<\/p>\n<p>The following information is required for the building to be insured:<\/p>\n<ul>\n<li>Name surname<\/li>\n<li>Address<\/li>\n<li>Phone number<\/li>\n<li>Turkish Identity Number<\/li>\n<li>Tax identification number for legal entities<\/li>\n<\/ul>\n<p>The following information is required for the building to be insured:<\/p>\n<ul>\n<li>Open address<\/li>\n<li>Deed information<\/li>\n<li>Year of construction<\/li>\n<li>Construction style<\/li>\n<li>Total number of floors<\/li>\n<li>Damage status<\/li>\n<\/ul>\n<p>The following information is required for the residence to be insured:<\/p>\n<ul>\n<li>Gross area (m2)<\/li>\n<li>Usage<\/li>\n<\/ul>\n<h2>How are TCIP Premiums Paid?<\/h2>\n<p>Compulsory Earthquake Insurance is paid once a year in advance in line with the policy renewed every year. The policy is also a document showing that the payment has been made.<\/p>\n<p>Compulsory Earthquake Insurance price is determined by the tariffs offered by the Ministry of the Treasury. Insurance companies cannot offer different amounts for the same residence. Premium fees are determined as a result of the risk factor that emerges in line with the analysis of the apartment. Therefore, the premiums of two buildings on the same street may be different.<\/p>\n<p>Compulsory Earthquake Insurance premiums may vary depending on the policy. If you renew your policy within 30 days after the policy expires, you may be eligible for renewal discounts.<\/p>\n<p>Compulsory Earthquake Insurance covers material losses as a result of an earthquake in a way that does not fall below the predetermined coverage. As of January 1, 2021, the maximum guarantee amount has been determined as 268 thousand TL for each structure. For details and up-to-date information, you can check the Compulsory Earthquake Insurance Coverage and Coverage page.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How is Compulsory DASK Insurance Made? TCIP, which is an earthquake insurance, is a kind of policy that became compulsory after the 17 August 1999 Marmara Earthquake. Accordingly, every home owner is required to have earthquake insurance. What is TCIP? Natural Catastrophe Insurance Institution, namely TCIP, is a kind of non-profit official insurance institution. It [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":90036,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[537],"tags":[],"class_list":["post-91488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-turkey-property-buying-guide"],"_links":{"self":[{"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/posts\/91488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/comments?post=91488"}],"version-history":[{"count":0,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/posts\/91488\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/media\/90036"}],"wp:attachment":[{"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/media?parent=91488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/categories?post=91488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/tags?post=91488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}