Page 12 - Turkinsurance Digital Magazine
P. 12
10 cover story
title deeds and to be able to use utilities such as gas, electricity cant test in terms of claims management and compensation of
and water. In other words, if a residence is not covered by DASK the losses of policyholders. Today, share of residences covered
insurance, owners/residences cannot conduct any transactions for by Compulsory Earthquake Insurance stands at 43 percent in
that residence at public institutions. Van.
With Compulsory Earthquake Insurance, TCIP aims to ensure To give examples from other cities located on the earthquake
that people can safely carry on with their daily lives following a zone; share of residences that have Compulsory Earthquake
potential earthquake disaster. TCIP offers coverages that are de- Insurance coverage stands at 61 percent in Erzincan, 68 per-
termined according to the annual increases in construction costs, cent in Bingöl, 59 percent in İstanbul, 61 percent in Kocaeli
and has been offering a coverage of 190 thousand TL for all types and 75 percent in Tekirdağ.
of buildings since 17 January 2018.
Insurance rates are high in regions that Advanced preparations for a potential
have experienced earthquakes earthquake in İstanbul
According to the reports by TCIP, Marmara Region is by far the TCIP continues its activities to increase awareness about Com-
number one region in terms of insurance rates; followed respec- pulsory Earthquake Insurance. In 2018, the officials had an-
tively by the Aegean Region, Central Anatolian Region, Mediter- nounced that a disaster call center model was established to
ranean Region, Black Sea Region and Eastern Anatolia. South- address the questions and requests from particularly İstanbul,
eastern Anatolia is the last in this ranking. neighboring cities and even across Turkey, following a poten-
tial major earthquake in İstanbul. According to TCIP, they
Insurance rate is seen to be higher in cities that have already ex- have the ability to pay approximately 18 billion TL for a sin-
perienced earthquakes. First three cities with highest ranks are gle earthquake, including their own resources and reinsurance
Düzce, Bolu and Yalova; which is a clear indication of this fact. protection. Until now, the Pool has paid more than 186 million
Before the latest earthquake in Van, insurance rate was around 9 TL as compensation for earthquake claims.
percent in the city. The recent Van Earthquake was a very signifi-
Rabia Kübra Kanun / kubrac@bestyayincilik.com