Page 20 - Turkinsurance Digital Magazine

18 at a glance

Anadolu Sigorta pays for the inflation difference in house insurance

Making life easier for policyholders with its house insurance home-owners; tenants can
packages, Anadolu Sigorta pro-tects the earthquake insur- buy it, too. Because, in
ance coverage against inflation for both “Modular House In- case a risk is realized in-
sur-ance” and “New Generation House Insurance” policies. side the house you have
Moreover, this protection also ex-tends to the part of the rented, the building might
building that is covered by compulsory earthquake insurance be damaged as well as
policy to the extent of the inflation protection in the house in- your belongings due to
surance. Therefore, any potential suffer-ings in case of losses your fault as the tenant. In
can be prevented. this case, if the tenant is
protected by house insur-
As a country that is located on active and risky fault lines, ance; their belongings and
our country faces earthquakes frequently. Therefore, it is any damages that might
very important for house insurance products to have earth- be incurred by the build-
quake coverage. According to the statistics of Turkish Cat- ing or neighboring apart-
astrophic Insurance Pool, earthquake in-surance ownership ments, buildings etc. due
rate is around 56 percent despite the fact that it is a compul- to events such as fire or in-
sory insur-ance product. On the other hand, statistics of the ternal flooding that might
Insurance Association of Turkey indicate that rate of house arise as the tenant’s fault
insurance ownership is around 25 percent. Levent Sönmez, are compen-sated by their insurance policy. In addition to
Assistant General Manager of Anadolu Sigorta, states that the compulsory earthquake insurance cover-age; house insur-
compulsory earthquake insurance must not be mistaken for ance products can include additional earthquake coverage for
house insurance. He adds that compulsory earthquake insur- sums that ex-ceed the limit of compulsory earthquake insur-
ance provides insurance for buildings; while house insurance ance policy and for the belongings inside the house. Therefore
provides extensive coverage for the house and the belongings policyholders wishing to buy additional earthquake coverage
inside against several risks such as fire, theft, flood etc. and for the sum that exceeds the limit of their compulsory earth-
also offers protection against earthquake related losses if it quake insurance policy and protect their be-longings against
includes earthquake coverage. earthquake, water damages, theft etc. should definitely buy
house insurance and add earthquake coverage to their pol-
“Tenants should also buy house insurance and add icies. Homeowners should buy ‘Earthquake Build-ing’ cov-
earthquake coverage in the scope” erage for the sum that exceeds their compulsory earthquake
insurance policies and ‘Earthquake Possession’ coverage
Sönmez says that house insurance is not only important for their belongings inside the house, while tenants should
for homeowners, but also for ten-ants. “On the contrary to add ‘Earthquake Belonging’ coverage for their belongings to
what is generally believed, house insurance is not only for their house insurance policies,” he said.

Allianz adds pandemic coverage to the scope of its In-ternational Travel Insurance

Allianz Turkey has expanded the scope of its travel insurance country from foreign countries against medical risks that might
products in accordance with travel habits and changing needs. occur during their trips. The product offers coverage for medi-
The company has announced the addition of pandemics into the cal treatments in case of sudden sick-nesses and diseases while
scope of its international travel insurance policy. Allianz Tur- travelling, transfer or travel of the policyholder to the closest
key will provide coverage for medical in-patient and outpatient medical institution that might give the treatment, transfer of
treatments and quarantine costs in case of situations that fall the policyholder to their residence following the treatment, and
under the scope of World Health Organization’s definition of transfer of the deceased policyholder back home.
pandemic.
Allianz’s international travel insurance also provides assurance
With this additional service which is offered as an option for for its policyholders with assis-tance services such as coverage
all international travel insurance plans, the scope of policies for losses that might be incurred due to lost, stolen or dam-
issued by agencies and brokers have been expanded as a first aged baggage, flights that were missed due to inevitable cir-
step. Coverage for medical treatment costs occurring due to cumstances, early return or food poi-soning. The product also
accidents or sudden sicknesses were expanded by the addition supports its policyholders by providing coverage for the accom-
of the following phrase: “including the diagnosis of epidemics moda-tion and travel expenses of a relative who will stay with
or pan-demics like COVID-19”. the policyholder in case of
emergency medical problems,
Allianz’s international travel insurance provides protection for medicine shipment costs, or
people who are travelling to foreign countries or visiting our legal advice costs.