All cross border mortgage policies in Turkey require DASK and Buildings Insurance, and some mortgage products will also require life insurance.

All Turkish properties are required by law to obtain earth quake insurance (DASK). All Turkish lenders require building hazard insurance to cover the cost of damage due to fire, flood, etc essentially to cover the replacement or repair costs to the structure. Certain lenders will require the borrower to obtain life insurance assigned to the lender. The costs associated with insurances are dependent on many specific factors related to the property, location, and borrower, and providing general estimates is likely to be misleading.

Turkey's young and rapidly growing insurance sector has attracted the interests of the world's largest insurance companies. Foreign home buyers may be surprised to discover that as a result of the very competitive market conditions, life insurance, critical illness, and medical insurance may be obtained at a more competitive price from the Turkish subsidiary of your local insurance company than can be had back home directly from that insurer! Under these circumstances it makes sense to ask for a quotation.

Among the various insurances we provide access to are:
● Buildings Disaster and Hazards Insurance
● Contents Insurance
● Life Insurance
● Critical Illness & Disability
● DASK (Earthquake Stabilisation Fund)
● Health & Insurance
● Title Insurance

Title Insurance underwrites the risk of loss or damage as a result of defect in title ownership to a particular piece of property. Title insurance covers mistakes made during a Title Search as well as matters which could not be found or discovered in the public records such as missing heirs, mistakes, fraud and forgery. The use of title insurance is not common in Turkey as for general purposes only those encumbrances on the title certificate (Tapu) that are filed at the equivalent land registry office are enforceable. However, title insurance does provide additional comfort for that very real element of risk that falls outside of common occurrence, which is none-the-less, prevalent.