Earthquake Insurance​

Through Mandatory Earthquake Insurance, DASK covers direct material damages caused by earthquakes and subsequent fire, explosion, tsunami, and landslides, within the limits specified in your policy. Whether the building is partially or completely damaged, it falls under coverage.

General Information

What Does Earthquake Insurance Cover?

  • Earthquake
  • Fire resulting from an earthquake
  • Explosion resulting from an earthquake
  • Landslide resulting from an earthquake

The following sections of a building, either collectively or individually, are covered:

  • Foundations
  • Main walls
  • Common walls separating independent sections
  • Garden walls
  • Retaining walls
  • Ceilings and floors
  • Stairs
  • Elevators
  • Canopies
  • Corridors
  • Roofs
  • Chimneys
  • Supplementary parts of the building similar to the above

The following damages are excluded from coverage:

  • Debris removal expenses
  • Loss of income
  • Business interruption
  • Loss of rent
  • Alternative residence and workplace expenses
  • Financial liabilities and any other indirect damages that may arise
  • All properties and goods
  • All bodily injuries and fatalities
  • Moral indemnity claims
  • Earthquake and damages other than fire, explosion, tsunami or landslide resulting from earthquake
  • Damages that have occurred over time due to the building's own defective structure, unrelated to the earthquake

For such damages, you may prefer Optional Home Insurances in addition to Mandatory Earthquake Insurance.

Differences Between Earthquake Insurance and Home Insurance

While earthquake insurance and home insurance may seem similar, they have significant differences. earthquake insurance covers damages caused by earthquakes, including fire and tsunami due to earthquakes. Home insurance not only covers the building but also the contents inside. Additionally, the coverage of home insurance is not limited to earthquakes; depending on the policy, it may include fire and theft.

Is Earthquake Insurance Mandatory?

Yes, earthquake insurance is legally a mandatory type of insurance.

Can Earthquake Insurance be Canceled?

Mandatory Earthquake Insurance, being a compulsory type of insurance, can only be canceled under exceptional circumstances. These circumstances include mistakenly including an area in the insurance or mistakenly insuring a region. In such cases, the entire premium may be refunded to the insured, allowing for cancellation. If multiple DASK policies have been issued for the same area, one of them can be canceled.

Documents Required for the Policy

When applying for Mandatory Earthquake Insurance, information about the person applying for insurance and the location to be insured is required:

  • Building construction type
  • Apartment usage type
  • Total number of floors
  • Building construction year
  • Gross square meters
  • Building damage status

How is the Earthquake Insurance Fee Calculated?

Various criteria are applied when calculating the premium or insurance fee for Mandatory Earthquake Insurance. Factors such as the age of the building, its damage status, and gross square meters might be considered. For more comprehensive information, visit our branches.

How Can I Get Earthquake Insurance?

For detailed information and to obtain insurance, you can visit Odeabank branches.