Why DASK / Earthquake Insurance is Mandatory in Turkey

Earthquakes cause not only loss of life but also significant financial damage. Buildings that collapse or are damaged make it difficult for people to maintain their livelihoods. Therefore, taking precautions against earthquakes and minimizing potential financial losses is crucial.

What is DASK?

DASK stands for Doğal Afet Sigortaları Kurumu (Natural Disaster Insurance Institution). Established in 2000, DASK provides mandatory earthquake insurance in Turkey. It covers direct financial damages caused by earthquakes, including resulting fires, explosions, tsunamis, and landslides.

Is DASK Mandatory?

Yes, DASK is mandatory. According to Law No. 6305 on Disaster Insurance, all buildings must have DASK coverage. This includes residences, workplaces, industrial facilities, and other buildings.

What Does DASK Cover?

DASK covers direct financial damages caused by earthquakes, including:

• Damage to foundations, main walls, partition walls, garden walls, retaining walls, ceilings, floors, staircases, elevators, landings, corridors, roofs, chimneys, and similar building components.

• Damage caused by fires, explosions, tsunamis, and landslides resulting from an earthquake.

How Much Does DASK Cost?

The cost of DASK is determined by the building’s insurance value, which reflects its construction cost. DASK premiums are updated annually according to construction cost changes.

Who Can Purchase DASK?

All buildings in Turkey are required to have DASK, including residential, commercial, and industrial buildings.

How to Get DASK

DASK policies can be obtained from any insurance company or insurance agency operating in Turkey. Policies can be purchased in person at an agency or online.

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Benefits of DASK

• Minimizes financial losses: Provides financial support for damaged buildings according to coverage limits.

• Facilitates reconstruction: Supports rebuilding after an earthquake, easing the reconstruction process.

• Reduces risk to life and injury: By minimizing financial loss, DASK helps protect human lives and reduces injury risk.

DASK is mandatory for all buildings in Turkey and is an essential precaution against earthquake risk.

Things to Consider When Purchasing DASK

• Ensure the insurance value accurately reflects the building’s construction cost.

• Insurance duration should be at least one year.

• Coverage and limits must be clearly stated in the policy.

Disadvantages of DASK

• DASK does not cover indirect damages, such as financial losses from power outages caused by an earthquake.

• DASK does not cover personal injuries or death.

Complementary Insurance

Since DASK does not cover indirect damages or personal injuries, complementary insurance such as home insurance is recommended. Home insurance can cover indirect financial damages, for example, losses caused by power outages or business interruptions.

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Conclusion

DASK is a vital precaution against earthquake risk in Turkey. It covers direct financial damages caused by earthquakes and helps facilitate reconstruction after a disaster.

Purchasing DASK is one of the most effective ways to minimize losses and ensure financial security for you and your loved ones. alo-ikametsigorta.com provides the best insurance solutions to meet your needs.

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