DASK, short for Earthquake Insurance, is a mandatory insurance type in Turkey. It provides coverage for residential and commercial properties against earthquake-related damages. DASK is a government-created insurance system to compensate for damages resulting from earthquakes.
Here is what you need to know about DASK:
Is DASK Insurance Mandatory?
Yes, DASK is a mandatory insurance type in Turkey that requires both residential and commercial properties, including buildings constructed by the Housing Development Administration of Turkey (KİPTAŞ) and the Mass Housing Administration (TOKİ), to have earthquake insurance.
How Does DASK Insurance Work?
DASK insurance ensures that the insured property, whether residential or commercial, is protected against earthquake risks. Damages that occur during an earthquake are compensated within the limits specified in the policy. The insurance premium is calculated based on the value and features of the property, as well as the earthquake risk.
The Importance and Advantages of DASK
DASK insurance offers significant protection against earthquake risks in Turkey. Especially for those living in earthquake-prone regions, it is a crucial insurance type.
The importance and advantages of DASK include:
DASK premiums are calculated based on the value and earthquake risk of the property, making them affordable and lower compared to other insurance types.
DASK insurance is a government-run insurance system under the supervision of the Turkish Ministry of Treasury and Finance. Therefore, policyholders are insured under government backing.
In the event of an earthquake, once the damage assessment is completed, DASK insurance policyholders receive prompt compensation. This provides financial support for repairs or replacements.
How to Obtain DASK Insurance?
DASK insurance can be easily obtained through insurance companies, banks, agents, or the official DASK website. The policy is tailored based on the value and features of the property. The insurance premium is calculated considering the location, construction features, and earthquake risk of the property.
DASK insurance is a mandatory insurance type that safeguards residential and commercial properties against earthquake risks. It is essential for everyone living in Turkey to have DASK insurance, as it provides financial protection against potential damages resulting from earthquakes and offers a quick and effective compensation process.