Compulsory Earthquake Insurance, briefly known as DASK, is a type of insurance that has a legal obligation to guarantee homes within the borders of Turkey against earthquakes and risks such as fires, explosions, tsunamis, and landslides that may occur as a result of earthquakes.
After the 1999 Marmara Earthquake, this insurance system, which came into effect in 2000, is operated by the Natural Disaster Insurance Institution.
What Does DASK Cover?
Compulsory Earthquake Insurance guarantees the following elements:
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Damages to the building and foundation caused by earthquakes
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Structural damages caused by fires, explosions, landslides, and tsunamis resulting from earthquakes
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Complementary parts of the building (staircases, elevators, corridors, roofs, chimneys, etc.)
What Does DASK Not Cover?
The main situations that are outside the scope of the insurance are as follows:
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Portable goods (furniture, electronic devices, white goods, etc.)
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Rental loss and income losses
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Business interruption damages
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Debris removal costs
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Non-physical damages
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Gardens, walls, pools, and other independent structures
Why Is It Mandatory to Have DASK?
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It is a legally mandatory insurance.
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A DASK policy is required during title deed transfer, housing sales, or water, electricity, and natural gas subscription processes.
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It is a prerequisite for receiving legal compensation for damages that may occur after an earthquake.
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Since it is state-supported, its premiums are reasonably priced.
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It protects the homeowner from large-scale financial destruction.
Who Should Have DASK?
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Everyone who owns a titled home,
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All residential owners, regardless of whether they are apartments or detached houses,
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Owners of independent sections with established flat ownership or flat usufruct,
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Owners of homes allocated by the state.
How Long Is DASK Valid For?
The DASK policy is valid for 1 year. When the policy period expires, the insurance coverage ends; therefore, it is mandatory to renew it every year to maintain the guarantee.
Conclusion
In Turkey, which is located in an active earthquake zone, Compulsory Earthquake Insurance is of vital importance in terms of both individual property security and social solidarity. This reasonably priced insurance protects you from significant financial losses in the event of a potential disaster and guarantees your home.
Do not forget to renew your DASK policy regularly every year!