Turkiye: Regulator clarifies scope of fire insurance policies
Source: Middle East Insurance Review | Nov 2026
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has published a circular clarifying the scope of fire insurance and how coverage and premium amounts should be displayed in policies.
The circular, dated 1 October 2026, states, “Fire insurance refers to insurance issued subject to the General Conditions of Fire Insurance, where the main coverage consists of covering the direct material damages caused by fire, lightning, explosion, or smoke, steam, and heat arising from fire and explosion to insured movable and immovable property.
“In cases where liability towards the neighbours of the insured due to fire and explosion risks, as well as the liability regarding the damages of the tenant if the insured is the property owner, or the damages of the property owner if the insured is the tenant, are secured, the portion of such liability coverages related to the fire and explosion risk shall also be evaluated within the scope of fire insurance.”
In addition, the circular says that risks that can be covered by an additional contract are coverages separate and independent from the main fire insurance coverage.
The new regulation aims to minimise disputes stemming from different interpretations.
SEDDK also stipulates that the coverage amount for each risk secured under riders, and the total premium amount for all these coverages, are to be shown separately from the coverage and premium amounts for the main fire insurance coverage. M