Learn how foreign business owners can claim fire insurance compensation in Turkey in 2026 for damaged premises, machinery, stock and business interruption, and what to do if the insurer rejects or underpays the claim.

Yes. Foreign business owners and foreign-owned companies can claim insurance compensation after a fire in Turkey where the damaged property and relevant risks are covered by a valid insurance policy. Foreign nationality does not, by itself, prevent a company shareholder, investor or business from receiving insurance compensation.

The central questions are instead whether the claimant is insured under the policy, whether the fire falls within the insured risks, which assets were covered, whether the declared insurance values were adequate and whether additional protection such as business interruption insurance was purchased.

Under the standard fire insurance framework, direct physical damage caused by fire, lightning, explosion and smoke, steam or heat resulting from fire or explosion may be covered up to the applicable insured amount. Additional risks can also be included by agreement. (Türkiye Sigorta Birliği)

For foreign investors operating factories, hotels, warehouses, restaurants, offices, retail businesses, logistics facilities or manufacturing plants in Turkey, a serious fire may produce several different categories of loss. A properly structured insurance claim may therefore involve far more than the cost of repairing the building.

Can a Foreign-Owned Company Claim Fire Insurance Compensation in Turkey?

Yes.

A company incorporated or operating in Turkey can claim under its insurance policy irrespective of whether some or all of its shareholders are foreign nationals.

Depending on the policy, compensation may relate to:

• Buildings;
• Machinery;
• Production equipment;
• Furniture and fixtures;
• Raw materials;
• Finished products;
• Warehouse stock;
• Electronic equipment;
• Office equipment;
• Improvements made to leased premises.

However, coverage depends on the wording, insured values, endorsements, exclusions and special conditions of the policy.

Foreign ownership does not expand or reduce the contractual coverage.

What Does Fire Insurance Normally Cover?

Standard fire insurance principally protects insured property against direct physical loss caused by specified fire-related risks.

According to the current insurance-sector guidance, fire insurance covers direct material damage caused to insured property by fire, lightning, explosion and smoke, steam or heat resulting from fire or explosion, up to the insured amount. (Türkiye Sigorta Birliği)

The policy should always be reviewed because not every loss connected with a fire is automatically included.

Can Machinery Damaged in the Fire Be Claimed?

Yes, if the machinery is insured.

A commercial fire may damage:

• Production lines;
• CNC machinery;
• Compressors;
• Refrigeration equipment;
• Generators;
• Electrical installations;
• Industrial ovens;
• Packaging machinery;
• Warehouse systems;
• Computers and electronic equipment.

The business should document each item individually rather than presenting only a general estimate of the total loss.

Useful evidence can include purchase invoices, accounting records, depreciation schedules, asset registers, photographs, maintenance records and technical expert reports.

Can Destroyed Stock and Inventory Be Claimed?

Potentially, yes.

Where merchandise, raw materials or finished products are insured, their destruction in the fire may fall within the property insurance claim.

Stock claims frequently become disputed because the insurer may question:

• Whether the claimed goods actually existed;
• Quantity of stock before the fire;
• Purchase value;
• Market value;
• Damaged versus salvageable inventory;
• Whether stock exceeded declared values.

Foreign businesses should therefore preserve accounting and warehouse records immediately.

Electronic inventory systems, purchase invoices, customs records and supplier records can become particularly valuable where physical records were destroyed.

What If the Business Premises Are Rented?

A tenant business can still have a substantial insurance claim.

The tenant may not own the building itself, but it may own or have an insurable interest in:

• Machinery;
• Furniture;
• Stock;
• Equipment;
• Interior improvements;
• Fixtures;
• Business interruption losses.

The landlord’s building insurance and the tenant’s commercial insurance should be examined separately.

The existence of insurance held by the property owner does not necessarily compensate the tenant’s own business losses.

Can Foreign Business Owners Claim for Building Damage?

Yes, where the business or foreign investor owns the insured property or otherwise has the relevant insured interest.

Compensable building damage may include, depending on coverage:

• Structural damage;
• Roof damage;
• Walls and flooring;
• Electrical systems;
• Fixed installations;
• Permanent fixtures;
• Fire-related smoke and heat damage.

The method of calculating compensation can depend on the policy’s valuation provisions and whether the premises can be repaired.

What About Smoke Damage Without Complete Destruction?

Smoke-related damage can also be important.

A fire does not need to destroy an entire factory or business before an insurance claim arises.

Heat, smoke and fire-related contamination can make:

• Inventory unsellable;
• Machinery unsafe;
• Electronics unusable;
• Food products contaminated;
• Textiles commercially worthless.

Standard fire insurance includes certain direct losses resulting from smoke, steam and heat associated with fire or explosion. (Türkiye Sigorta Birliği)

The insurer may nevertheless investigate whether the particular loss falls within the contractual definition of covered damage.

Can Additional Risks Be Covered?

Yes.

Fire policies can be extended by additional agreement to cover various additional events.

Insurance-sector guidance identifies additional risks that may be added to fire insurance, including matters such as flood, storm, internal water, malicious acts, civil disturbances and certain other specified events. (Türkiye Sigorta Birliği)

This distinction matters because a business owner may believe they have “full property insurance” even though the actual cause of loss falls within an extension that was never purchased.

Can Earthquake-Related Fire Damage Be Covered?

Potentially, but the policy structure must be examined carefully.

A fire occurring after an earthquake can raise difficult causation and coverage questions.

The relevant documents may include:

• Commercial property insurance;
• Earthquake endorsements;
• Compulsory earthquake insurance where applicable;
• Additional catastrophe coverage.

The insurer may analyze whether the dominant cause was earthquake, fire, explosion or another insured event.

The actual policy wording therefore becomes critical.

Can a Company Claim Business Interruption Losses After the Fire?

Yes, but ordinarily only where the business has purchased appropriate business interruption or fire-related loss-of-profit coverage.

Standard physical fire insurance should not automatically be assumed to compensate lost turnover or lost profits.

Under the applicable fire-related loss-of-profit insurance conditions, losses caused by the partial or complete interruption of commercial activity following insured physical damage may be covered up to the amount and indemnity period stated in the policy. (Türkiye Sigorta Birliği)

This can become one of the largest components of a serious commercial fire claim.

What Is Business Interruption Insurance?

Business interruption insurance protects the business against specified financial consequences of an interruption caused by an insured physical loss.

The applicable conditions describe covered loss as gross profit loss resulting from a reduction in turnover and increased operating costs incurred to avoid or reduce that reduction, subject to the policy and maximum indemnity period. (Türkiye Sigorta Birliği)

This can include, depending on the policy:

• Lost gross profit;
• Reduced turnover;
• Continuing fixed expenses;
• Additional operating expenses;
• Temporary relocation expenses;
• Costs incurred to reduce interruption.

The calculation is usually accounting-intensive.

Is Business Interruption Automatically Included in Fire Insurance?

No.

This is one of the most important issues for business owners.

A company may have excellent property insurance but no protection for income lost while the factory or business remains closed.

The applicable loss-of-profit conditions link business interruption compensation to insured physical damage under the underlying fire policy and require the property damage to have been compensated or liability for it accepted by the relevant insurer. (Türkiye Sigorta Birliği)

Foreign investors should therefore check both the property policy and any separate business interruption coverage.

What if the Factory Is Closed for Several Months?

If business interruption coverage applies, the period of closure can directly affect compensation.

However, the insurer’s liability remains subject to the maximum indemnity period stated in the policy.

The standard conditions provide that compensation can cover the period from the insured damage until the interruption or reduction in activity is remedied, but not beyond the maximum indemnity period specified in the policy. (Türkiye Sigorta Birliği)

For major factories, a short indemnity period can create a major coverage gap if rebuilding takes much longer.

Can the Business Claim Lost Orders?

Potentially, but the loss usually needs to be translated into the financial calculation required under the business interruption policy.

A cancelled order alone does not necessarily mean the entire contract value is payable as insurance compensation.

Insurers and accounting experts may examine:

• Historical turnover;
• Profit margins;
• Seasonal fluctuations;
• Confirmed orders;
• Market trends;
• Saved expenses;
• Production capacity;
• Alternative production locations.

The objective is generally to determine the financial loss actually caused by the interruption.

What About Additional Costs to Keep the Business Running?

Certain increased operating expenses can potentially form part of a business interruption claim.

For example, after a fire a company may:

• Rent another warehouse;
• Move production temporarily;
• Hire replacement equipment;
• Use subcontractors;
• Pay additional logistics expenses;
• Operate additional shifts elsewhere.

Where covered, such expenses can be relevant because they may reduce the overall interruption loss.

What Should a Foreign Business Owner Do Immediately After a Fire?

The first priority is safety and compliance with emergency authorities.

From an insurance perspective, the company should also act quickly to preserve the claim.

Important steps include:

1. Notify the insurer promptly.
2. Preserve the damaged site where safely possible.
3. Photograph and record all damage.
4. Obtain fire department and official incident records.
5. Secure accounting and inventory data.
6. Identify damaged machinery and stock.
7. Avoid unnecessary disposal of damaged property.
8. Record emergency expenses.
9. Notify relevant landlords, lenders or other insurers.
10. Review property and business interruption coverage.

The Turkish Commercial Code requires the policyholder to notify the insurer without delay after learning that the insured risk has occurred. If delayed notification causes an increase in the amount payable, compensation can potentially be reduced according to the degree of fault. (Türkiye Sigorta Birliği)

Can the Company Dispose of Burned Machinery Immediately?

Usually this should be approached carefully.

The insurer and its experts may need to inspect the damaged property.

Destroying, removing or selling damaged machinery before adequate documentation and inspection may later create disputes concerning:

• Cause of damage;
• Repairability;
• Replacement cost;
• Salvage value;
• Amount of loss.

Emergency measures may nevertheless be necessary to prevent further loss or protect the site.

The business should carefully document why those measures were required.

Must the Insured Take Steps to Reduce the Loss?

Yes.

Insurance law generally expects the insured to act reasonably to prevent or reduce further loss.

For example, after the fire it may be necessary to:

• Cover an exposed roof;
• Move undamaged stock;
• Disconnect unsafe equipment;
• Protect surviving machinery;
• Arrange temporary security;
• Prevent water damage following firefighting.

The Turkish Commercial Code also provides for the insurer’s responsibility regarding reasonable expenses incurred to determine the scope of the risk or compensation and contains provisions concerning reasonable loss-prevention expenses. (Türkiye Sigorta Birliği)

What Evidence Is Important in a Fire Insurance Claim?

Commercial fire claims are document-heavy.

Important evidence can include:

• Complete insurance policy;
• Policy endorsements;
• Renewal documents;
• Premium payment evidence;
• Fire department report;
• Police or prosecutor records where applicable;
• Photographs and video;
• Independent expert reports;
• Insurer’s adjuster report;
• Machinery asset register;
• Purchase invoices;
• Inventory records;
• Stock records;
• Customs import records;
• Repair quotations;
• Replacement offers;
• Accounting records;
• Tax returns;
• Previous financial statements;
• Sales records.

For business interruption claims, historical financial data is particularly important.

Can Security Camera Footage Help?

Yes.

Camera footage may help establish:

• Time the fire started;
• Location where it began;
• Sequence of events;
• Whether safety procedures were followed;
• Actions taken by employees;
• Possible third-party responsibility.

Foreign businesses should secure digital evidence before automatic recording systems overwrite it.

Can the Insurer Investigate the Cause of the Fire?

Yes.

The cause of the fire can be central to coverage.

The insurer may investigate matters such as:

• Electrical fault;
• Machinery malfunction;
• Employee negligence;
• Arson;
• Explosion;
• Maintenance problems;
• Storage practices;
• Compliance with policy conditions.

However, negligence by itself does not automatically release the insurer from liability.

The Turkish Commercial Code generally provides that, unless otherwise agreed, losses caused by negligence remain covered. If the insured intentionally causes the insured event, however, the insurer is released from liability. (Türkiye Sigorta Birliği)

Can the Insurer Reject the Claim Because of Employee Negligence?

Not automatically.

Ordinary negligence and intentional causation are legally different.

Under the Turkish Commercial Code, the insurer generally remains liable for losses resulting from negligence unless otherwise agreed, whereas deliberate causation of the insured event can eliminate the insurer’s payment obligation. (Türkiye Sigorta Birliği)

Accordingly, a statement that “an employee caused the fire” is not by itself sufficient to determine the insurance result.

The degree of fault and policy wording must be examined.

What if the Insurer Alleges Arson?

An arson allegation can transform a normal insurance claim into a serious coverage dispute.

The insurer may examine whether:

• The fire was intentionally set;
• The insured was involved;
• Financial motives existed;
• Evidence was manipulated;
• Inventory values were inflated;
• False documents were submitted.

A foreign business should take such allegations seriously.

Independent technical and forensic evidence can become essential.

Can the Insurer Reject the Claim Because the Fire Safety System Was Defective?

Potentially, depending on the policy and the relationship between the alleged breach and the loss.

Insurers may rely on policy warranties, disclosure obligations, safety requirements or changes in risk.

However, not every contractual breach automatically eliminates coverage.

The Turkish Commercial Code contains limitations on when breach of contractual duties can release the insurer from performance, particularly where the insured is not at fault. (Türkiye Sigorta Birliği)

The rejection letter should therefore be legally analyzed rather than automatically accepted.

What Is Underinsurance?

Underinsurance occurs where the insured value stated in the policy is lower than the actual value of the insured property.

This is a major issue in high-inflation environments and for businesses that rapidly increase stock, machinery or replacement values.

For example, a factory may have been insured based on older machinery values that are substantially lower than current replacement costs.

Depending on the policy and applicable rules, underinsurance can result in the insurer paying only a proportion of the loss.

Can Underinsurance Reduce a Partial Fire Claim?

Yes, potentially.

A common misunderstanding is that underinsurance matters only when the entire property is destroyed.

It can also affect a partial loss where proportional underinsurance principles apply.

Businesses should therefore review insured values regularly rather than only after a major fire.

What Is Overinsurance?

Overinsurance arises where the insured amount exceeds the actual value of the insured interest.

Insurance is intended to compensate the actual loss rather than create a profit from the occurrence of the insured event.

Therefore, simply purchasing a very high policy limit does not necessarily mean the insurer will pay that entire amount after a fire.

The actual compensable loss remains central.

Can the Insurer Deduct Salvage Value?

Potentially.

Damaged machinery, materials or stock may still have residual value.

The insurer may therefore evaluate:

• Whether the item is repairable;
• Whether damaged goods can be sold;
• Scrap value;
• Salvage offers.

However, disputed salvage values can materially reduce compensation.

Businesses should obtain independent evidence where the insurer’s proposed salvage value appears unrealistic.

Who Determines the Amount of Damage?

Insurers frequently appoint loss adjusters or experts to inspect commercial fire damage.

The insured business does not necessarily have to accept every conclusion in the insurer’s expert report.

Where substantial sums are involved, the company may obtain:

• Independent insurance expertise;
• Engineering reports;
• Machinery valuations;
• Accounting reports;
• Business interruption calculations.

This can be especially important where the insurer substantially undervalues the loss.

Can a Foreign Business Challenge the Insurer’s Expert Report?

Yes.

An expert report prepared during the claims process is not necessarily the final legal determination of compensation.

The business can challenge issues such as:

• Incorrect replacement value;
• Excessive depreciation;
• Unsupported salvage deductions;
• Underestimated repair costs;
• Incorrect stock quantity;
• Incorrect business interruption calculation;
• Misapplication of underinsurance.

Independent documentation should support the objection.

When Must the Insurer Pay?

The Turkish Commercial Code provides an important framework for payment.

After the insured event and submission of the relevant documents, the insurer’s payment obligation becomes due when its investigation is completed and, in any event, generally within 45 days after the required notification, unless the investigation is delayed for a reason not attributable to the insurer. (Türkiye Sigorta Birliği)

This does not mean every disputed fire claim must be paid automatically on day 45 regardless of incomplete documentation or legitimate complications, but it creates an important statutory benchmark.

What If the Insurer Keeps the Claim Open for Months?

The Commercial Code also addresses extended investigations.

If the investigation has not been completed within three months from notification, the insurer must, subject to the statutory conditions, pay at least 50% of the loss as agreed by the parties or determined through a preliminary court assessment where they cannot agree. (Türkiye Sigorta Birliği)

For large commercial fire claims, this provision can become particularly important because businesses may urgently need liquidity to restart operations.

Is Interest Payable for Late Insurance Compensation?

Potentially, yes.

Once the insurer’s payment obligation becomes due, the insurer falls into default without requiring a separate notice under Article 1427 of the Turkish Commercial Code. Contractual provisions attempting to eliminate the insurer’s obligation to pay default interest are ineffective. (Türkiye Sigorta Birliği)

A business facing prolonged underpayment or delayed settlement should therefore examine interest as well as the principal claim.

Can the Insurer Make a Partial Payment?

Yes.

A partial payment may occur where part of the loss is undisputed while another part requires further investigation.

However, the company should carefully review any settlement document before accepting payment.

Particularly in large commercial losses, documents labelled as:

• Release;
• Settlement;
• Full and final payment;
• Discharge;
• Waiver

may affect the ability to pursue the remaining claim.

Should the Business Sign a Settlement Offered by the Insurer?

Not without understanding its legal consequences.

An insurer may offer a substantial sum quickly after a major fire.

That does not necessarily mean the amount reflects the full recoverable loss.

Before signing a settlement, the business should compare the offer against:

• Building damage;
• Machinery loss;
• Stock loss;
• Cleanup expenses;
• Business interruption;
• Increased operating expenses;
• Applicable deductibles;
• Underinsurance calculations;
• Policy limits.

A settlement that appears attractive immediately after a fire may be substantially lower than the properly documented claim.

Can Business Owners Claim Cleanup and Debris Removal Costs?

Potentially, where covered by the policy.

Major commercial fires can generate substantial expenses relating to debris, contaminated material, demolition and site clearance.

Whether these costs are covered, and up to what sublimit, should be checked in the policy.

They should not automatically be assumed to fall within the principal property limit.

Can a Foreign Owner Claim Personally if the Company Owns the Business?

Usually the legal identity of the insured matters.

Where the policyholder and owner of the damaged assets is a Turkish company, compensation will generally belong to the company rather than to an individual foreign shareholder personally.

A shareholder’s ownership of the company is not the same as direct ownership of the company’s insured assets.

This distinction becomes particularly important in closely held foreign-owned companies.

What If the Policy Is in the Landlord’s Name?

The foreign business must determine what interest, if any, it has under that policy.

A landlord’s building policy may protect the building but not the tenant’s stock, machinery, improvements or lost profits.

The business should therefore examine:

• Named insured;
• Additional insured status;
• Beneficiaries;
• Property schedules;
• Tenant improvements;
• Separate business policy.

What if a Bank Is Named on the Policy?

Commercial property may be subject to financing, mortgages or security interests.

A bank may therefore be listed as a beneficiary or loss payee.

In that situation, insurance compensation may be subject to the bank’s contractual rights.

Foreign investors should review financing documents alongside the insurance policy before assuming the entire compensation will be paid directly to the company.

Can the Insurer Reject a Claim Because the Company Did Not Disclose Important Information?

Potentially.

Insurance contracts involve disclosure obligations concerning material circumstances affecting the insurer’s assessment of risk.

A serious undisclosed fact may create disputes about coverage.

However, the legal consequence depends on factors including:

• Importance of the undisclosed fact;
• Degree of fault;
• Relationship between the undisclosed matter and the loss;
• Premium that should have been charged.

The Commercial Code contains specific proportionality and causation rules concerning breach of disclosure duties after the insured event. (Türkiye Sigorta Birliği)

A blanket rejection should therefore be examined against those statutory rules.

Can an Insurer Refuse a Fire Claim for Late Notification?

Late notification does not automatically mean the entire claim disappears.

Under the Commercial Code, if the failure or delay in notification increased the compensation payable, a reduction may be made according to the degree of fault. The insurer cannot rely on this rule if it already had actual knowledge of the insured event. (Türkiye Sigorta Birliği)

This is important where an insurer attempts to reject a multimillion-value fire claim solely because notice was not given immediately.

What if the Fire Is Caused by a Third Party?

The company may have both an insurance claim and potential claims against responsible third parties.

Possible responsible parties may include:

• Electrical contractors;
• Equipment manufacturers;
• Maintenance companies;
• Neighboring businesses;
• Landlords;
• Contractors;
• Service providers.

The insured should avoid prejudicing the insurer’s potential recovery rights against responsible third parties.

Can a Foreign Business Use Insurance Arbitration?

Depending on the insurer’s participation and the applicable legal framework, disputes may potentially be brought before the Turkish insurance arbitration system.

Arbitration can be relevant where the insurer:

• Rejects coverage;
• Pays too little;
• Disputes the amount of damage;
• Delays payment;
• Applies disputed exclusions.

For extremely large or technically complex corporate fire losses, the choice between arbitration and court litigation should be evaluated strategically.

Can the Business Sue the Insurance Company?

Yes.

Where negotiations and available dispute procedures do not resolve the claim, the insured may pursue judicial remedies against the insurer.

A lawsuit may concern:

• Wrongful rejection;
• Underpayment;
• Business interruption calculations;
• Underinsurance disputes;
• Policy interpretation;
• Interest;
• Coverage exclusions.

The insurance policy, expert reports and contemporaneous evidence will usually form the core of the dispute.

What Are the Most Common Reasons Commercial Fire Claims Are Rejected or Reduced?

Common disputes include:

• Alleged non-covered cause of fire;
• Policy exclusion;
• Underinsurance;
• Late notification;
• Inadequate documentation;
• Misrepresentation;
• Unpaid premium issues;
• Disputed stock quantities;
• Excessive claimed machinery values;
• Arson allegations;
• Safety-condition violations;
• Business interruption not purchased;
• Disagreement over gross profit calculations;
• Excessive salvage deductions.

A rejection letter should therefore be reviewed clause by clause against the policy and applicable insurance law.

2026 Legal Position for Foreign Business Owners After a Fire in Turkey

Foreign investors and foreign-owned businesses have the same fundamental contractual right to claim compensation under a valid Turkish insurance policy as other insured businesses.

The most important 2026 principles are:

Physical fire damage: Direct insured damage caused by fire, lightning, explosion and related smoke, steam or heat can fall within standard fire insurance. (Türkiye Sigorta Birliği)

Business interruption: Lost gross profit and increased operating costs may be recoverable where separate fire-related business interruption coverage exists and its conditions are satisfied. (Türkiye Sigorta Birliği)

Prompt notification: The insured should notify the insurer without delay. Late notification can justify a reduction only under the statutory conditions governing increased loss and fault. (Türkiye Sigorta Birliği)

Negligence: Ordinary negligence does not automatically eliminate insurance compensation, whereas intentional causation of the insured event can release the insurer from liability. (Türkiye Sigorta Birliği)

Payment: Commercial insurance compensation generally becomes due following completion of the insurer’s investigation and subject to the statutory 45-day framework. (Türkiye Sigorta Birliği)

Long investigations: Where investigation is not completed within three months, the statutory advance-payment mechanism may become relevant. (Türkiye Sigorta Birliği)

Late payment: Once compensation becomes due, default and interest consequences may arise automatically. (Türkiye Sigorta Birliği)

For foreign businesses, the key to maximizing recovery is usually not nationality but evidence, policy interpretation, valuation and rapid claim management.

Frequently Asked Questions

1. Can a foreign-owned company receive fire insurance compensation in Turkey?

Yes. Foreign ownership does not prevent a Turkish company or foreign investor from claiming compensation under a valid insurance policy.

2. Does fire insurance cover machinery and stock?

Potentially, yes, where machinery and inventory are included among the insured assets and the loss falls within the policy coverage.

3. Can a business claim lost profits after a fire?

Yes, if appropriate business interruption or fire-related loss-of-profit insurance was purchased. Standard physical property insurance should not automatically be assumed to cover lost profits. (Türkiye Sigorta Birliği)

4. Can an insurer reject a claim because an employee negligently caused the fire?

Not automatically. The Commercial Code generally provides coverage for losses resulting from negligence unless otherwise agreed, while intentional causation is treated differently. (Türkiye Sigorta Birliği)

5. What happens if the company was underinsured?

The compensation may potentially be reduced according to the applicable underinsurance rules and policy terms, including in some partial-loss situations.

6. How quickly should the fire be reported to the insurer?

The insured should notify the insurer without delay after learning of the insured event. (Türkiye Sigorta Birliği)

7. Can a late fire notification cause the entire claim to be rejected?

Not automatically. Under the Commercial Code, delayed notification may lead to a reduction where the delay increased the amount payable, subject to the insured’s degree of fault. (Türkiye Sigorta Birliği)

8. When does the insurer have to pay a commercial fire claim?

Subject to the statutory conditions and completion of the required investigation, Article 1427 provides a general 45-day framework following notification. (Türkiye Sigorta Birliği)

9. Can the business request an advance if the insurer investigates for months?

Potentially. If the investigation remains incomplete three months after notification, Article 1427 contains a mechanism requiring payment of at least 50% of the loss determined in accordance with the statutory procedure. (Türkiye Sigorta Birliği)

10. Can a foreign business challenge a low insurance settlement?

Yes. The insured may challenge valuation, depreciation, salvage deductions, underinsurance calculations, stock assessments and business interruption calculations using independent evidence and available legal remedies.

Client-Focused Legal Support for Commercial Fire Insurance Claims in Turkey

Commercial fires can cause losses far beyond the physical destruction visible at the premises. A factory may lose machinery and months of production; a warehouse may lose valuable inventory; a hotel or restaurant may remain closed for months; and an international business may lose customers, turnover and contractual opportunities.

For that reason, the insurance claim should be analyzed as a complete commercial loss rather than simply as a repair claim.

Fırat Fesih Kaya Law Office assists foreign investors, foreign-owned companies, factories, hotels, warehouses, manufacturers, logistics businesses and other commercial policyholders with major fire insurance claims in Turkey.

Lawyer Fırat Fesih Kaya provides legal assistance concerning rejected fire claims, underpaid insurance compensation, machinery and stock damage, underinsurance disputes, business interruption losses, delayed insurer payments, expert report objections, settlement negotiations, insurance arbitration and litigation against insurers.

Phone: +90 312 434 22 22
Mobile: +90 532 769 22 22
Email: info@firatfesihkaya.av.tr
Address: Mevlana Boulevard No:221, Yıldırım Tower, Office No:148, 06520 Balgat, Çankaya, Ankara, Turkey