Property insurance for Turkish Property

Insuring your Istanbul Property

Some people who have spent their budget holidays to Turkey may be interested in purchasing a property here. One of the things that they should consider first is getting adequate property insurance - one of the most important things to remember when buying a property in Istanbul or anywhere else in Turkey. It is equally important for homeowners to have a policy in your own language from an international building and contents insurance specialist with a proven track record of property insurance for Turkish property.

When buying a property in Istanbul or elsewhere in Turkey, your estate agent or solicitor may advise you to take out immediate insurance cover from a local company, but it should be bourne in mind that a property insurance policy in Turkey may well provide a much lower level of cover than from a British based company that deals specifically with property insurance overseas.

It is also possible that when insuring your Istanbul Property, you may find that a holiday homes policy could be in a higher risk category as they are often left unoccupied for long periods of time or are used for rental purposes. If your Turkish property is used for holiday rentals, it is well worth while declaring this or you could find that your insurance company's clauses give it the right to refuse to pay out on any claim you make. There are specialist insurance policies for property that will be rented out.

If you have recently bought a property in Istanbul or anywhere else in Turkey, get an instant quotation for property insurance and/or the contents, we have integrated an online Quotation which will enable you to see immediately what it will cost you to cover either a holiday home or your permanent residence in Turkey.

Click here for an instant online Quote for property insurance in Istanbul & Turkey,
underwritten by Lloyds of London

Get up to 40% risk related discount on property insurance for Turkish Property

It is also vital that you have the relevant foreign property insurance in place by the time you exchange contracts on your property and may well be a requirement of the purchase.  Earthquake insurance (DASK) is also a compulsory requirement.

As the owner of a Turkish property, whether looking for holiday home insurance or cover for a permanent residence, it is essential that you fully understand the extent and limitations of your insurance policy. Do you have the cover for legal liability for domestic employees, cleaners, or management staff? What restrictions are in place if you are letting or if the property is unoccupied etc? If your property insurance for Turkish property policy has been acquired through a local company in Turkey, it is more likely that you simply do not know.

If you own a property and travel regularly to Turkey, you can save up to 50% on travel insurance by booking online.

Get a quote now and receive instant cover