Minimum premium amounts for Compulsory Earthquake Insurance and square meter costs, which are the basis for insurance calculation, have been increased. The regulation was published in the official gazette.
Published in today’s issue of the official newspaper “Insurance and Private Pension Regulation and Supervision Agency (SEDDK) notification regarding the amendment of the Compulsory Earthquake Insurance tariff and instruction notification” with Compulsory Earthquake Insurance Minimum premium amounts have been changed. In addition, the square meter costs, which are the basis for insurance calculations, have also been increased.
New Compulsory Earthquake Insurance minimum premium amounts are as follows:
| Group | Reinforced concrete | Other |
|---|---|---|
| Group 1 (%) | 2.33 | 4.10 |
| Group 2 (%) | 2.07 | 3.51 |
| Group 3 (%) | 1.76 | 3.08 |
| Group 4 (%) | 1.65 | 2.88 |
| 5th Group (%) | 1.25 | 2.31 |
| Group 6 (%) | 0.88 | 1.54 |
| 7. Group (%) | 0.60 | 0.90 |
In addition to these changes, in square meter prices based on insurance calculation changes were also made. For reinforced concrete structures, this cost is from 3,016 TL. for 6,000 TLin other buildings from 2,080 TL for 4,000 TL removed. These amounts, February 1, 2024 It will be valid from the date.
Square meter prices based on insurance cost calculation will be updated every month.
With a new article added to the communiqué, the square meter prices based on insurance cost calculations will be adjusted according to the figures announced by the Turkish Statistical Institute the previous month. “Monthly 2003=100 Basic Domestic Producer Price Index” It was announced that the rate will be increased. The declared rate under the zero If this is the case, this rate will be taken as 0, and the square meter costs will be used as the basis for calculating the insurance cost. won’t fall.
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