Compulsory Earthquake Insurance (Tcıp)

The following building sections are covered either individually or in combination:

• Foundations
• Main walls
• Joint walls separating detached sections
• Garden walls
• Retaining walls
• Ceilings and floors
• Stairs
• Elevators
• Platforms
• Corridors
• Roofs
• Chimneys
• Complementary building sections comparable to those specified above

Losses incurred in the following cases are not covered:

• Debris removal costs
• Lost profits
• Work stoppage
• Lost rent income
• Alternative residence and office costs
• Any other indirect loss claims regarding financial liability and similar matters
• Any mobile goods, property etc.
• Any bodily damages and death
• Non-pecuniary damage claims
• Losses arising due to causes other than earthquake and fire, explosion, landslide and tsunami caused by the earthquake
• Losses caused in time due to inherent defects of the building, independent of the earthquake

You can opt for home and business insurance in addition to the Statutory Earthquake Insurance, to get coverage for losses thus excluded.

Insured’s

• Name
• Address
• Phone
• Mobile Phone
• Turkish ID Number
• Tax ID Number (for legal persons)

Insured Building’s

• Postal Address
• Title Deed Details
• Year of Construction
• Construction Type
• Total Floor Count
• Damage Status

Residence’s (Apartment’s)

• Gross Area (m²)
• Use Case

We would like to note here that the Statutory Earthquake Insurance is based solely on the statement provided by the policyholder. The insured shall not be entitled to any claims based on inaccurate statements.

Click here to calculate your Statutory Earthquake Insurance premium figure.

The premium payable for the insurance is set through the Statutory Earthquake Insurance Tariff and Instructions. To calculate the premium figure, the first data required is the sum insured (coverage figure) representing the highest limit payable in the aftermath of an earthquake. The premium figure will be calculated by multiplying the coverage figure with the tariff price.

There are 15 tariff steps with reference to 5 risk zones and 3 construction types. The risk zones for earthquakes are delineated on the basis of the “Earthquake Regions of Turkey” map prepared by the Ministry of Development and Housing. The building types mentioned in that tariff are defined as follows:

A- Steel, concrete framework structures: These are the buildings incorporating a steel or concrete framework.

B- Ordinary masonry structures: These are the buildings lacking a framework, and made of dry rubble, masonry, brick or concrete bricquettes in their carrier walls, equipped with concrete or ferro-concrete flooring, stairs, and ceilings.

C- Other Buildings: These are the buildings which cannot be categorized under the groups specified above.

Insurance premium figures are subject to annual increases, in parallel to the increase in cost figures per square meter.