Earthquake insurance for
earthquakes in Turkey is compulsory for residential buildings in urban areas.
However it is often not enforced.
The Turkish Catastrophe Insurance Pool was created shortly after the
1999 İzmit earthquake
On the 17th of August, 1999 at 3:01 AM local time, a catastrophic magnitude 7.6 earthquake struck the Kocaeli Province of Turkey, causing monumental damage and 17,127–18,373 deaths. Named for the quakes proximity to the northeastern city of Izm ...
and is making payments for the
2023 Turkey–Syria earthquake
On 6 February 2023, at 04:17 Time in Turkey, TRT (01:17 Coordinated Universal Time, UTC), a 7.8 earthquake struck southern and central Turkey and northern and western Syria. The epicenter was west–northwest of Gaziantep. The ear ...
.
References
{{Reflist
Earthquakes in Turkey
Insurance