This year, in particular, we have seen a fair few tremors on the Turkish coast in the Aegean Sea. DASK stands for Doğal Afet Sigortaları Kurumu (Compulsory Earthquake Insurance) which covers you for Earthquakes and the Government have implemented new regulations. The Disaster Insurance Code came into force in 2012 which made Dask insurance compulsory and without it, you could not register your water and electricity applications if you bought a property.
Recently these regulations have been revised which ban applications for new water and electricity connections to properties that do not have DASK insurance and house insurance. In 2012 the Government hoped to reach 10 million insured houses by 2017 with the Turkish Catastrophe Insurance Pool (DASK).
In 1999 there was a major earthquake in Turkey in Goluk and DASK was implemented after this, according to the Department of Insurance for Natural Disasters. The building codes were introduced with dramatic effects and the building rules became more stringent, however, Government officials estimate there are still around 6 million properties in need of replacement and they do not adhere to the new regulations, there are currently around 19.5 million homes in Turkey and they need to be insured fully.
The DASK payment is always calculated by using the following factors: The earthquake risk zone (location of the property) the style and layout of the property and the gross area of the property.
As of January 2016, the DASK cover is a maximum amount of 160,000 Turkish Lira for every type of building and the amount increases each year. The regulations for DASK insurance are as follows: Disaster Insurance Law No. 6305 stipulates that buildings constructed as residential and registered with the land registry office under private ownership, residential units described in Property Ownership Law No. 634, and office units in residential buildings need to have DASK.
DASK is insurance cover for residential buildings within the municipality administrative zone and it is not compulsory for Public buildings, residential units in villages, units in buildings solely for commercial and/or industrial purposes, and buildings that are not in compliance with zoning and engineering rules. TCIP indemnifies the material damages – which are caused by earthquakes and the fires, explosions, tsunami and landslide that are caused directly by the earthquake within the limits stated in your policy.
The building parts which are noted here are covered collectively or separately: foundations, main walls, common walls separating the independent sections, garden walls, retaining walls, ceilings and basements, stairs, elevators, platforms, corridors, roofs and chimneys. Supplementary sections of the building which have similar qualities to those mentioned above.
Incidents not covered by CEI: debris removal costs, loss of profit, business interruption, loss of rent, alternative residence and workplace costs, financial liabilities and similar other losses, all kinds of movable properties, goods, all bodily injuries and death, non-material damages, losses which are not caused by the earthquake.
Log on to www.dask.gov.tr and click on the English translation for more information regarding DASK and house insurance for your Turkish property.