Turkey tightens its rules for its mandatory earthquake insurance coverage

Turkey Insurance

The country’s government will be limiting services available for uninsured homeowners. The Turkish government has just updated its law regarding its regulations for the earthquake insurance that homeowners are required to purchase, tightening it significantly, to the point where uninsured individuals will have more limited services available to them. Starting in August 2012, homeowners who do not purchase the disaster coverage policy required by the government will also not be able to enroll in basic utilities such as gas, water, and electricity services. This announcement was made by the president…

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