murdo

I know that there is compulsory earthquake insurance but believe that only covers 40% of cost if house falls down?

Is there insurance to fully cover a house in Turkey?
Another thought, if there is, would it cover 3/5 story apartments?

Can you fully cover for earthquakes? Surely theyre considered an act of God, as the insurance companies call it?
Jackie

steve

hiya jackie ... our 2 bed apartment is 140 for the year .. that includes building/contents and the compulsary earthquake cover, so i suppose 3/5 story aparts will be considerably more expensive ... regards steve

juco

From what I understand the amount they insure for ( 40%) covers the estimated cost of a rebuild. Maybe someone has more accurate info on this.

Juco

starman

I think they go by the value of what it says on your tapu or as Juco says, the cost of rebuilding it has you know prices are very inflated at the moment from their true cost of rebuild.

peter the postie

We'd definately like to have extra insurance.. Steve, how / where did you get yours from ?

Nige and Lynn

We got quotes from Garanti bank in January, for house, contents and earthquake (tho separate govt. earthquake insurance is compulsory anyway). They asked the purchase price and the size of the house in sq metres.
for 100 sq m, £40,000 house and £5,000 contents they quoted £145 p.a.

The woman at the bank said the house price was expensive, and it might be more realistic for rebuilding costs to cover for £28,000 house, £5,000 contents, quote £103.

as starman & juco said, the value it says on your tapu and the cost of rebuilding is less than what most of us paid for our houses, so I guess its safe to go for the lower quote.

Lynn

murdo

Thanks all. I am releived that they do pat for the build after eartquakes...would have thought it would be classed as an act of God and written off
Jackie

ORPINS

We did our insurance and the insurer came around to our duplex apartment. Valued by receipts our furniture. The value of the property was taken from the tapu. It cost us £185. It covers for earthquakes, accidental damage, but the furniture is not insured for accidental by person. It is insured however for theft.

starman

Just as a matter of warning regarding contents insurance. I know that laptops, phones and cash are not covered in a turkish contents insurance policy. AXA definetly doesnt do it and more then likely koc and the others dont either has they tend to follow one anothers policies.