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Insurance in Turkey

Insurance in Turkey is activities rigidly controlled and regulated by the state. Understanding public favor of insurance, and also a significant role of insurers in economy, the country government actively stimulates development of insurance business.

The principal types of insurance in the country are property, car insurance and medical. To feel full safety in relation to the real estate acquired here, it is recommended to use services of any insurance company and to issue insurance policies. The tranquillity for the housing and a warranty of compensatings is in such a way provided internally when plotting any damage of the acquired real estate.

The insurance policy will protect real estate from explosions, consequences of a strike, various civil disturbances, lightnings, floods, impacts of a hurricane and water, damage from energy carriers and many other. It is in addition possible to insure electronic technique, to issue an insurance packet on a case of failure to pay rent. The cost of similar insurance policies directly depends on the area of real estate and its cost.

Upon purchase of any residential real estate insurance acquisition from earthquakes is mandatory. As well as taxes, this insurance it is paid unconditionally. The cost of this policy fluctuates from hundred twenty to three hundred Turkish liras a year. It too is calculated, proceeding from housing cost.

As for medical insurance, insurance companies of Turkey issue the inexpensive policies covering the majority of diseases. With private clinics of the country these companies have arrangements. All clinics provide the high level of service with highly qualified specialists who know foreign languages. The similar insurance packet provides free service. But the partial treatment or with further compensating from the companies is possible also. These moments register in contracts of insurance companies.

Car insurance isn't mandatory. It already to the discretion of each owner of motor transport.

Leaders of the Turkish insurance market are: Chartis, Mapfre Genel, Yap ı Kredi.

Category: Insurance history in the different countries of the world | Added by: Chance23 (22.04.2014)
Views: 172 | Rating: 5.0/1
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