Markiz Homes - Your Gateway to Exceptional Real Estate

In this article, you can find the answers to frequently asked questions about DASK.

Earthquakes are frequent natural disasters in Turkey due to its geological structure. Therefore, earthquake insurance is of great importance for people living in Turkey. Especially the damage and losses caused by the 1999 Gölcük earthquake led to the compulsory implementation of DASK, the earthquake insurance. In this article, you can find the answers to frequently asked questions about DASK.

What is DASK?

DASK (Doğal Afet Sigortaları Kurumu) is a compulsory earthquake insurance that must be taken out for residences in Turkey. DASK is provided and managed by the Natural Disaster Insurance Institution. This institution serves citizens by providing earthquake insurance. DASK aims to cover the financial losses that may occur due to earthquakes and related risks.

What Does DASK Cover?

DASK covers the damages caused by earthquakes. These damages include building collapses, fires, landslides, and tsunamis. DASK covers damages to foundations, walls, roofs, stairs, and other structural elements of buildings. Additionally, it covers damages caused by secondary disasters such as fires resulting from earthquakes. DASK provides assurance for compensating the damages caused by earthquakes.

Why is DASK Important?

DASK has been made compulsory to protect property owners in Turkey, considering the country's earthquake risk. Earthquake-related damages can lead to financial losses and significant hardships. DASK provides financial support to property owners in such cases, helping them return to normal life. Moreover, DASK insurance helps raise awareness about earthquakes and insurance among the public.

How to Get a DASK Policy?

A DASK policy is obtained through insurance companies. Many insurance companies operating in Turkey offer DASK policies. To get a policy, you can contact an insurance company and request a policy. The policy term is one year and must be renewed annually.

How Are DASK Fees Determined?

DASK policy fees are determined based on several factors. These factors include the size of the building, location, construction type, and usage purpose. For example, the fee for a large residence might be higher. Similarly, the fee for a building in a high-risk earthquake zone may also increase. DASK policy fees are updated annually and may vary.

What Are the Advantages of a DASK Policy?

A DASK policy covers financial losses resulting from earthquakes and helps property owners quickly return to normal life. This policy can reduce the hardships experienced after an earthquake. Additionally, a DASK policy raises awareness about earthquake insurance and promotes safer construction practices in society.

Is DASK Mandatory?

Yes, DASK is a mandatory insurance. It is compulsory to have DASK for all buildings in residential areas in Turkey. Building owners, tenants, and apartment owners are required to have a DASK policy. In the absence of a DASK policy, certain penalties may apply. For example, individuals living in a building without a DASK policy cannot benefit from government-provided housing loans and aid.

How Does DASK Contribute to Insurance Awareness?

DASK plays a crucial role in increasing awareness about earthquake insurance. Considering the earthquake risk in Turkey, the importance of earthquake insurance is better understood. Through DASK, people learn to secure themselves against earthquake risks. This increases awareness about building stronger and safer structures in society.

DASK and Property Owners

DASK provides significant protection for property owners. If you own real estate in Turkey, you are required to have a DASK policy. This policy provides assurance to cover the financial losses that may occur due to an earthquake. A DASK policy reduces the hardships faced by property owners after an earthquake and helps them compensate for their financial losses.

DASK and Mortgage Loans

A DASK policy is also an important requirement for those who want to obtain a mortgage loan. When applying for a mortgage loan in Turkey, banks generally require a DASK policy. This policy shows that the property is secured against earthquake risks and is a reason for banks to seek assurance. If you want to obtain a mortgage loan, you need to have a DASK policy.

DASK and Tenants

Tenants usually reside in buildings where the property owner has taken out a DASK policy. However, tenants can also get a DASK policy. If tenants want to get a DASK policy, they can discuss this with the property owner. For tenants, a DASK policy provides assurance to cover financial losses in the event of an earthquake.

DASK and Real Estate Investments

A DASK policy is of great importance for real estate investors. When making a real estate investment, it is important to protect yourself and your investment against earthquake risks. A DASK policy ensures that the property you invest in is secured against earthquake risks. This way, you can protect the value of your investment and compensate for your financial losses in the event of an earthquake.

Conclusion

Turkey is a country with a high risk of earthquakes, making earthquake insurance extremely important. DASK is a compulsory insurance designed to protect people living in Turkey against earthquake risks. A DASK policy provides assurance by covering the financial losses that may occur due to an earthquake. Obtaining this policy is important to protect yourself and your property against earthquake risks. Don't forget to get a DASK policy to be safe against earthquakes and reduce financial losses!

If you have any other questions about DASK insurance in Turkey, please call us.