Comprehensive Household Insurance
Comprehensive household insurance is a comprehensive and "customized" package insurance product provided by insurance companies that provides both liability and property coverage for your home and your property against fire, theft, earthquake, flood and many other risks.
A single policy can provide protection against many situations, such as fire, earthquake, flood, theft, breakage of glass, liability to neighbors as a tenant, loss of rent of property owner, electrical damages, personal accident of family member. Moreover, this policy pays for assistance services provided as additional coverage in the Household Insurances. What you are insured for: Ranging from repairs of plumbing and electrical problems resulting from damages in the residence to sending a doctor or ambulance to hotel service or rescue of people living in the residence.
Compulsory Earthquake Insurance
Turkey is located in one of the high-risk earthquake zones. Following the 1999 earthquake, independent units under Property Ownership Law No. 634, buildings constructed as a house on registered private immovable properties, independent units of these buildings used for business, office and similar other purposes and houses built by the Government because of natural disasters or by loans granted due to such occasions are all covered by this insurance in accordance with the Decree Law entered into force on September 27, 2000.
This insurance policy provides coverage against all material damages on the insured buildings (including other damages on the foundation, main walls, common walls separating the independent units, floors, and ceilings, stairs, landings, corridors, roofs and chimneys) directly caused by earthquake as well as fire, explosion and landslide triggered by the earthquake to the extent of the coverage limits provided by the insurance.
The coverage in Compulsory Earthquake Insurance policies is issued by the Natural Disaster Insurance Institution, and insurance companies only produce these policies and the conditions of the policies doesn’t change from company to company.