Home Insurance

When obtaining home insurance, the first priority should be the accuracy of the address details. The correct address and UAVT code must be used to provide accurate and complete information such as the cost of the building, the estimated cost of goods in the dwelling, etc. Information about the insured dwelling such as the age of the building, floor information, apartment square meter size must be accurate and complete. If there are exemptions in the policy, they should be examined in particular.

What does Assurance Coverage mean?

Assurance Coverage

Housing Assistance Services

Your building value determines the maximum amount of compensation to be paid by the insurance company in the event of a possible damage to your building. To prevent victimization in the event of damage, it is essential to accurately declare the details of the house to establish its value.

The insurance value of your building is calculated by multiplying the gross surface area of your building by the price per unit square meter determined over the reconstruction construction cost; however, the land value of the building is not taken into account. Reconstruction costs are determined every year by the Ministry of Environment and Urbanization and announced after being updated according to the inflation rate of that year.

Overinsurance is a situation where a policy is issued with the sum insured as specified on the policy is higher than the insurable value. In this case the policy remains valid, but the part of the sum insured that surpasses the insurable value is invalid.

Underinsurance is, however, the situation where a policy is issued by determining an amount lower than the insurable value of the sum insured as specified on the policy. In case of damage, the insurer compensates based on the ratio of the insured amount to the insurable value.

DASK provides coverage for material damages caused directly by earthquakes and earthquake-induced fires, explosions and landslides to insured buildings up to the sum insured. It is a mandatory product. DASK covers only the damages to the building but not to the belongings. The home policy, conversely, protects the structure and its contents from risks such as earthquake, fire, theft, flooding, inundation, internal water damage, and other hazards listed in the policy; it is not a mandatory product.

You can get your home insurance by contacting our nearest agency or contracted bank branches.

You can get your home insurance by contacting our nearest agency or contracted bank branches.

Whether you are a homeowner or a tenant, you can take out a home insurance. As a homeowner, you can safeguard your property and possessions with home insurance; on the other hand, renters can opt for property coverage to protect their belongings from various risks like fire, flood, theft, and earthquake.

Yangın Sigortaları Genel ve Özel Şartları gereğince teminat içerisinde olan bir hasar ise kredi kullanılan kurumun muvafakat vermesine istinaden sigortalıya/hak sahibine ödeme gerçekleştirilir.

Home insurance may be terminated if the property is sold, demolished for urban development, or at the policyholder’s request; however, for homes with outstanding loans, the insurance cannot be canceled without the lender’s consent.

If the loss is included under the General and Special Terms and Conditions of Fire Insurances, compensation is provided to the insured/rights holder contingent upon the approval of the institution that issued the loan.

You can get detailed information about your policy by calling 0850 202 20 20 or contacting our authorized agency that issued your policy.