Owning a property in Turkey is a big investment, and protecting it with the right insurance is very important. Whether you are a local resident or a foreign investor, understanding Turkish property insurance will help you keep your property safe from different risks. This guide explains everything you need to know about property insurance in Turkey, including the types of insurance, what they cover, how much they cost, and how to get one.

What is Property Insurance in Turkey?

Property insurance in Turkey helps protect your home or building from different risks such as fire, theft, natural disasters, and accidents. There are different types of insurance, and they can cover both the structure of the building and the items inside.

Types of Property Insurance in Turkey

a. Mandatory Earthquake Insurance (DASK)

  • The Turkish government requires all property owners to have DASK (Doğal Afet Sigortalar Kurumu), which is an earthquake insurance policy.
  • DASK covers damages to the structure of the building caused by earthquakes, including the foundation, walls, floors, staircases, and roof.
  • However, it does not cover personal belongings inside the home, such as furniture, electronics, or valuable items.
  • Without DASK, property owners cannot complete legal transactions such as selling the property or opening utility services (electricity, water, etc.).

b. Comprehensive Home Insurance

  • This type of insurance is optional but highly recommended.
  • It offers protection against many risks, including fire, theft, floods, storms, explosions, and vandalism.
  • Some policies also cover third-party liability, which means if damage happens to your neighbor’s property because of something from your home, the insurance will help cover the costs.

What Does Property Insurance Cover?

The coverage depends on the insurance provider and the policy you choose. However, most property insurance policies cover the following:

  • Structural damage (walls, roof, foundation)
  • Natural disasters (earthquakes, floods, storms, landslides)
  • Fire and explosions
  • Theft and vandalism
  • Water damage (leaks, burst pipes, flooding from heavy rain)
  • Third-party liability (if your property causes damage to someone else’s property)
  • Loss of rent (some policies compensate property owners if their rented property becomes unlivable due to damage)

If you want additional coverage, you can customize your insurance policy by adding extra protections.

How Much Does Property Insurance Cost?

The cost of property insurance in Turkey depends on several factors, such as:

  • Location – Properties in earthquake-prone areas may have higher insurance costs.
  • Property size and type – Larger homes and luxury properties cost more to insure.
  • Coverage level – More coverage means a higher price.
  • Extra coverage options – Adding theft, fire, or flood insurance increases the total cost.

On average:

  • DASK insurance costs between 100-500 TRY per year.
  • Comprehensive home insurance can cost between 500-3000 TRY per year.

The best way to find an affordable policy is to compare quotes from different insurance companies.

How to Get Property Insurance in Turkey?

Getting property insurance in Turkey is easy and usually takes only a few steps:

  1. Choose an insurance provider – Many local and international insurance companies offer property insurance.
  2. Compare options – Look at different companies and policies to find the best coverage for your needs.
  3. Provide property details – You will need to share information about the location, size, and condition of your property.
  4. Sign the contract and pay the premium – Once everything is agreed upon, you will sign the policy and make the payment.
  5. Receive your policy document – This document will have all the details about your coverage.

If you buy property in Turkey, some real estate agencies can help you find the best insurance options.

Why is Property Insurance Important?

  • Protects your investment – Your home or property is valuable, and insurance ensures it stays safe.
  • Reduces financial risk – If an accident or disaster happens, insurance can help cover the cost of repairs or rebuilding.
  • Legal requirement – DASK is mandatory for all property owners in Turkey.
  • Peace of mind – Knowing that your property is protected can help you feel more secure.

Conclusion

Whether you are a homeowner or an investor, securing property insurance in Turkey is a smart decision. By understanding the different types of insurance, their coverage, and costs, you can make a well-informed choice that protects your property from unexpected risks. Make sure to compare policies from different providers to get the best deal. Investing in property insurance now can save you from big financial losses in the future.

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