Home Insurance: What to Check Before Buying
⏱ 2 min read
Home insurance protects your property and belongings against risks from fire to theft and water damage. Its real value depends less on the list of covers than on setting the sums correctly.
Building and contents sums
The building sum is the rebuild cost, not the market sale price. The contents sum is the replacement cost of everything inside. Most people understate contents, which triggers under-insurance: the claim payment is reduced in the same proportion.
Covers that matter
- Water damage: the most frequent loss in apartment buildings.
- Third-party liability: damage spreading from your flat to a neighbour.
- Theft: with a separate sub-limit for valuables.
- Glass breakage and electronic equipment.
- Loss of rent / alternative accommodation if the home becomes uninhabitable.
Tenant or owner?
Owners insure the building and fixtures; tenants insure their own contents and third-party liability. The two do not overlap — they complete each other.
Relationship with the complex policy
The management’s policy for shared areas does not cover the inside of your flat. In complexes around Maslak this distinction is often misunderstood; ask the management for the scope of the site policy in writing.
Frequently asked questions
What is under-insurance?
If the declared sum is below the true value, the claim payment is reduced proportionally — declaring half the value roughly halves the payment.
I am a tenant — do I need home insurance?
Yes. Your belongings and any damage you cause to neighbours are your responsibility; the owner’s policy does not cover them.
Related pages
Insurance advice in Maslak and the surrounding area
“Home Insurance: What to Check Before Buying” is one of the questions we are asked most often by clients in Maslak, the İTÜ Ayazağa campus area and Huzur. In the newer complexes around Maslak 1453, Vadistanbul and Seyrantepe we check the gap between the DASK ceiling and the real rebuild cost.
Our office is based in Maslak, Istanbul. We meet clients within a short drive — Maslak, the İTÜ Ayazağa campus area and Huzur — or handle everything by phone, e-mail and WhatsApp, in Turkish and English. If you are searching on your phone for an insurance agency nearby, you can simply call +90 540 384 21 41 or see the related service page.
We compare policies from several insurers and explain the differences before you buy. Contact us or call +90 540 384 21 41.
