Insurance and Private Pension Regulation and Supervision Agency (SEDDK), Compulsory Earthquake Insurance (DASK) Changed the General Conditions. With the new communiqué published in the Official Gazette, the transfer and cancellation processes of DASK policies in residential or business sales were rearranged..
TCIP Policy Will End When Sale is Made
According to the new regulation; In case the owner of the real estate changes due to sale or similar legal transactions while the contract period is continuing., The existing DASK contract will terminate directly as of the registration date in the land registry..
Upon the application of the former property owner or the person who took out the insurance, policy not working (unused) Paid premium amounts for the days will be refunded to the policyholder..
DASK Control Will Be Mandatory in Land Registry
Land registry offices or authorized administrations, During the ownership transfer process, it was obliged to check whether the new owner had a valid Compulsory Earthquake Insurance contract..
Notification Requirement for Other Ownership Changes
If there is a change of ownership in cases other than sale (inheritance etc.), The contract will continue with the new beneficiary. New owner, from the date he learned about the situation 15 will have to notify the relevant insurance company within 2 days. The insurance company or its agent is the one who follows the notification. 24 will deliver the new policy containing the transfer addendum within hours.
It Will Come into Force After 15 Days
Regulation prepared by SEDDK, from the date of publication 15 It will come into force the next day. SEDDK will have the authority to resolve any hesitations that may arise in practice and to determine the procedures and principles..
