Which buildings are within the scope of the Mandatory Earthquake Insurance?
In general, mandatory Earthquake Insurance is an insurance system developed for residences within the municipality borders.
In accordance with the Catastrophe Insurances Law No. 6305, the buildings specified below are within the scope of the insurance:
- Buildings constructed on privately owned real estates with title deed registration.
- Independent units within the scope of the Property Ownership Law No. 634.
- Independent units in these buildings, used as offices and similar commercial purposes.
- Residences constructed by the state or constructed with the loans provided by the state, due to natural disasters.
- Buildings with established construction servitude.
- Buildings which have not been amended a type at the title deed registry office, and appear as “land etc.” in the title deed registry.
- Co-op houses which have not been granted title deeds.
Insurance for residences without an independent title deed can be issued based on the statement of the person who is purchasing the insurance policy and the information that appears on the title deed of the land.