Fire Insurance
What is Fire Insurance?
Fire insurance is a type of policy that covers physical damages such as fire, lightning, or explosions that may occur in buildings and residential areas used for commercial or personal purposes. Is fire insurance mandatory? The answer is "no." However, although fire insurance is optional, some banks may require it along with home insurance when providing housing loans.
Another common question is whether compulsory earthquake insurance (DASK) covers fire-related damages. DASK only covers fire damage that occurs as a result of an earthquake. If the fire is caused by other reasons such as lightning or explosion, it is not covered under DASK.
What Are the General Conditions of Fire Insurance?
As stated in the general conditions of fire insurance, it covers direct damages caused by fire to both movable and immovable property, including personal belongings within the premises. Unless stated otherwise in the contract, the belongings of your family members, those living with you, and your employees are also covered by the policy.
- Scope of insurance
- Damage and compensation
- Various provisions
- Clauses
* Explosion
* Fire
* Lightning
Internal water damage, Hail, Smoke, Debris removal costs, Storm, Temporary accommodation expenses, Strike, lockout, civil commotion, terrorism and malicious acts, Snow weight, Land and air vehicle impact, Loss of rent, Fire liability, Replacement value based on new value
- Uprising, collision (regardless of whether war is declared), civil war, invasion, rebellion, damages caused by war
- Damages resulting from any nuclear fuel or nuclear combustion
- Damage deliberately caused by the insured or where the insured contributes to increased damage
- Damages due to government sanctions
- Damage resulting from intentionally setting insured property on fire for processing purposes
- Damage to electrical appliances that occur in parts not due to fire (e.g., explosion or overheating due to short-circuiting)
- Deformations caused by pressure in insured devices
- Overheating
- Explosion of steam boilers
- Contact of insured property with objects such as candles or irons
