TURKEY: 2 out of 3 houses lack earthquake insurance

30 May 2014 —
Just over one-third of Turkish households carry compulsory earthquake insurance, according to the latest figures from the Turkish Catastrophe Insurance Pool (DASK).

Although having earthquake insurance in Turkey is now required by law, only 6.3 million of the country's 17.6 million homes are insured.

Starting in August 2012, the government required homeowners to secure an earthquake insurance policy prior to setting up their utilities accounts. DASK said at the time that it had hoped the regulation would boost earthquake insurance policy holders from 3.8 million to 10 million in five years.
 
Earthquake insurance initially became compulsory after a disastrous earthquake that struck the Marmara region in 1999 that left 17,000 dead, according to the official count.

Read the full story
TURKEY: 2 out of 3 houses lack earthquake insurance
2688 views
Share |