Scope
Insurable Property
Compulsory Earthquake Insurance constitutes a system of insurance that is in general meaning, intended for dwellings that remain inside the boundaries of the municipality. Buildings and dwellings subject to compulsory earthquake insurance are as follows:
- Building constructed as dwellings on lands subject to private ownership and has registered title deed,
- Independent sections within the context of the Condominium Law No: 634,
- Independent sections situated inside residental buildings but used as small business establishment, bureau and similar purposes,
- By reason of natural disasters, properties built by the government or built by housing credit,