Turkey updates Compulsory Earthquake Insurance rules for property sales

Compulsory Earthquake Insurance DASK SEDDK real estate regulations insurance premium refund

The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has announced significant changes to the Compulsory Earthquake Insurance (DASK) General Conditions, as published in the Official Gazette.

Under the new regulations, when a property is transferred through a sale or similar transaction, the existing DASK policy will terminate as of the registration date at the land registry. The previous owner is entitled to a refund of the premiums paid for the unused portion of the policy. Consequently, new owners will be required to obtain their own separate DASK policy, and land registry offices will verify this coverage during transactions.

However, the rules differ for transfers that are not sales, such as inheritance. In cases of inheritance, the existing policy remains valid for the new beneficiary. The new owner must notify the insurance company of the change in interest within 15 days of learning about the policy, after which the insurer must issue a policy endorsement (zeyilname) within 24 hours. The new regulations are set to take effect 15 days after their publication.

Entities

DASK · Insurance and Private Pension Regulation and Supervision Agency · SEDDK

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) amended the Mandatory Earthquake Insurance General Conditions. www.turkgun.com · www.gazetepencere.com · www.haber7.com
[● 3 SOURCES] Unused premiums for the remaining period of a terminated policy will be refunded to the original policyholder. www.turkgun.com · www.gazetepencere.com · www.haber7.com
[● 3 SOURCES] In cases of ownership change other than sales, such as inheritance, the existing DASK policy will continue with the new owner. www.turkgun.com · www.gazetepencere.com · www.haber7.com
[● 3 SOURCES] New owners in non-sale transfers must notify the insurance company within 15 days of learning about the existing policy. www.turkgun.com · www.gazetepencere.com · www.haber7.com
[● 3 SOURCES] The new regulations will enter into force 15 days after their publication in the Official Gazette. www.turkgun.com · www.gazetepencere.com · www.haber7.com
[● 3 SOURCES] Existing DASK policies will terminate upon the sale of a property at the date of registration in the land registry. www.turkgun.com · www.gazetepencere.com · www.haber7.com
[● 3 SOURCES] Insurance companies must issue a policy endorsement within 24 hours of receiving a notification of ownership change. www.turkgun.com · www.gazetepencere.com · www.haber7.com
[● 3 SOURCES] Land registry offices will verify if the new owner has a valid DASK policy during property transfers. www.turkgun.com · www.gazetepencere.com · www.haber7.com

Sources

DASK'ta sistem değişti! Konut satışında mevcut poliçe sona erecek - GÜNDEM - GAZETE ABC [www.gazeteabc.com]

22 days ago

DASK'ta sistem değişti! Konut satışında mevcut poliçe sona erecek [www.aydinses.com]

22 days ago

Ev alacaklar dikkat: DASK’ta eski uygulama sona eriyor, sistem değişiyor [www.takagazete.com.tr]

22 days ago

Milyonlarca ev sahibini ilgilendiriyor! DASK'ta kritik değişiklik: Evini satan parasını geri alacak [www.turkgun.com]

22 days ago

DASK'ta yeni dönem Resmi Gazete'de! [www.wanhaber.com]

22 days ago

SEDDK, ZDS genel şartlarında değişiklik yaptı: devir zeyilnamesi şartı [www.yorumla.net]

22 days ago

Zorunlu Deprem Sigortası’nda yeni dönem başladı [www.gazetepencere.com]

22 days ago

Ev alıp satacak milyonları ilgilendiriyor! DASK’ta yıllardır uygulanan sistem değişti [www.f5haber.com]

22 days ago

DASK’ta yeni dönem: Ev alıp satacaklar dikkat! [www.haber61.net]

22 days ago

DASK'ta yeni dönem: Resmi Gazete'de yayımlandı! Ev alacak ve satacaklar dikkat [www.tgrthaber.com]

22 days ago

Ev alacak ve satacaklar dikkat! Milyonları ilgilendiren düzenleme Resmi Gazete'de! [www.haber7.com]

22 days ago