What is Home Insurance and For Which Risks Can You Get Coverage?
Home Insurance covers the building and, optionally, its contents against many risks ranging from earthquakes to theft, fire to flooding. In this case, all kinds of fixed installations inside the building are also covered by the building coverage. Home Insurance, which covers both the building itself and the items inside, provides complete protection and ensures that it is secured in case of risks.
Which Risks Does Home Insurance Cover?
In the event of any damage, furnishings are often damaged as well. For this reason, the dwellings subject to insurance must be secured together with the furnishings inside. Including the furnishings in the scope of insurance may be reflected in the insurance policy in the form of a price difference, but obtaining a wide coverage with a small cost difference creates a more advantageous situation and thus a wider coverage is purchased.
Preferences can also be different between homeowners and tenants. Tenants can secure their furniture by using the furniture coverage option to protect only their furniture. It is important to learn the risks covered by home insurance in detail and to have information about risk issues while ensuring the security of your home.
Konut sigortasının kapsadığı riskleri detaylı olarak öğrenmeniz ve konutunuzu güvenceye alırken risk konuları hakkında bilgi sahibi olmanız önemlidir.
Which Risks Does Home Insurance Cover?
Home Insurance is a necessary assurance for your home and its furnishings. In order to make the most of this assurance, the most appropriate coverage should be selected in the policy. The question "Which risks does Home Insurance cover?" is divided into two basic parts in our list: Risks covered by the main and additional coverage.
Main Coverage in Home Insurance
Although home insurance coverage varies depending on insurance companies, the main coverage that is common to all of them is fire coverage.
Fire coverage: It covers damages caused by fire, lightning and explosion.
Yangın teminatı: Yangın, yıldırımın ve infilakın neden olduğu zararları güvence altına alır.
Additional Coverage in Home Insurance
The coverage of Home Insurance can be extended with additional guarantees to cover more risks.
Strikes, lockouts, riots, civil unrest and malicious acts: It secures the damages caused by such acts. For each damage, a 5% (five per cent) exemption of the damage amount is applicable.
Glass Breakage: This coverage covers the damages that may occur as a result of the breakage of fixed and upright windows and mirrors.
Personal Accident: In the event of death of the insured as a result of an accident occurring within the scope of the policy at the risk address, compensation is paid to the beneficiary, and in the event of permanent disability, compensation is paid to the insured within the limits and general conditions specified in the policy.
Theft: It covers the items stolen as a result of theft and the damages caused by the thief to the building or goods.
Assistance Services: Provides emergency and liaison services for plumbing, electricity, locksmith, glass and similar repair works.
Inflation Protection: This coverage ensures that the current value of buildings and goods is preserved in an inflationary environment. The sum insured is increased by the inflation protection rate to be selected during the insurance period. However, if the rate selected on the date of damage is above the rate announced by the State Institute of Statistics, the rate of the SIS is taken as the basis.
Householder Liability: It covers the bodily and material damages that the insured and his/her family residing in the same household may cause to third parties in the insured dwelling as a result of an accident, up to the limits specified in the policy.
Built-in Water: It covers damages that may occur in the house as a result of burst, overflow, leakage, blockage, rupture and freezing of the water installation and damages that may occur in cases such as leaving the taps open.
Vehicle Crashing: It covers damages that may occur as a result of road vehicles and aircrafts crashing into the insured dwelling.
Smoke: It covers the damages caused by the smoke emitted due to the malfunctioning of heating and cooking appliances connected to the chimney by a pipe or grille.
Fire Financial Liability and Loss of Rent: It covers the damages that the insured, the tenant and the owner may cause to each other as a result of a damage arising from their responsibilities.
Debris Removal: Provides coverage for the costs of removal of the debris resulting from the damage.
Alternative Residence Change Expenses: In the event that the insured residence becomes unusable as a result of a damage, the cost of using the other residence used while the repair and reconstruction of the damaged residence continues is covered within the coverage and limit specified in the policy.
Coverage for Natural Disaster Risks
Flood/Inundation: It covers the damages caused by the overflow of rivers, streams, creeks and canals in the vicinity of the insured home, as well as the damages caused by external flood waters as a result of flooding due to extraordinary rainfall.
Earthquake and Volcano Eruption: It covers all damages directly caused by earthquake and volcano eruption on the insured values. In case of earthquake damages, payment is made within the compulsory earthquake insurance (TCIP) limit TCIP Policy provides coverage up to an upper limit determined by TCIP. For the part exceeding this amount, the earthquake and volcano eruption coverage within Home Insurance the scope of Home Insurance must be taken optionally.
Landslide: It provides coverage for damages to the insured values as a result of a landslide or soil collapse occurring on or around the land on which the insured building is built.
Storm: It provides coverage for damages that may occur as a result of being hit by the wind or thrown by the wind during a storm or thunderstorm.
Snow Weight: Snow accumulated on the roof after heavy rainfall may damage the roof and the building and its contents due to its weight. Snow Weight Coverage provides coverage for damages to the building and the insured values inside.
You can protect your family, home and belongings with Home Insurance.