Learn how businesses can recover warehouse insurance compensation in Turkey for inventory damaged or destroyed by fire, flood, water, theft and other insured events, including stock valuation, evidence, underinsurance and insurer disputes.

A warehouse fire, flood, water leak, explosion or another insured event can destroy millions of Turkish lira worth of inventory within hours. For manufacturers, wholesalers, importers, exporters, retailers and logistics businesses operating in Turkey, one of the most difficult questions after such an event is not simply whether the warehouse was insured, but how the quantity and value of damaged or destroyed stock can be proven to the insurance company. Warehouse insurance claims frequently become disputed because the insurer accepts that an insured event occurred but challenges the amount of inventory present immediately before the loss, the value attributed to the goods, whether some stock was already damaged or obsolete, whether salvage value should be deducted or whether the warehouse was underinsured. These issues become especially complicated when the physical inventory and supporting paper records are destroyed in the same incident. In 2026, companies pursuing substantial warehouse insurance compensation in Turkey should therefore build the claim around accounting evidence, electronic inventory records, invoices, warehouse-management data and a defensible stock valuation rather than relying solely on estimates.

What Does Warehouse Insurance Cover?

There is no single rule under which every warehouse loss is automatically compensated. The starting point is always the insurance policy. Coverage may protect the warehouse building, fixtures, machinery, equipment, inventory or different combinations of these assets.

The policy must also be examined to determine which risks are insured. Fire, explosion, water damage, flood, storm, theft and other events may be treated differently depending on the policy, endorsements and exclusions.

Is Inventory Automatically Covered Because the Warehouse Is Insured?

No. Insurance of the warehouse building does not necessarily mean that the goods stored inside are insured.

The policy schedule should identify whether stock, merchandise, raw materials, finished products, semi-finished goods or other inventory are included within the insured property.

This distinction can determine whether a multimillion-lira inventory loss is recoverable.

What Types of Inventory Can Potentially Be Insured?

Depending on the policy and nature of the business, insured inventory may include raw materials, components, packaging materials, work in progress, finished products, imported merchandise, goods awaiting shipment and commercial stock held for sale.

The classification matters because different types of stock may require different valuation methodologies.

Fire-Damaged Warehouse Inventory

Fire is among the most destructive warehouse risks because it can simultaneously damage the building, inventory, machinery and accounting records.

Goods may be completely destroyed by flames, but inventory can also become commercially unusable because of heat, smoke, soot or firefighting water.

Smoke Damage Can Create a Major Inventory Claim

Products do not have to burn completely to lose commercial value. Food products, pharmaceuticals, textiles, electronics, packaging and consumer goods can become unsaleable after exposure to smoke or contamination.

The insurer may nevertheless argue that the goods retain some value.

This makes technical assessment and salvage evidence important.

Firefighting Water Damage Can Also Be Significant

A warehouse sprinkler system or fire brigade may save the building while thousands of products become water damaged.

The fact that the water was used to suppress an insured fire does not mean the resulting stock damage should automatically be ignored. The policy and causal relationship should be examined.

Flooded Warehouse Claims

Floods can destroy inventory stored at floor level, contaminate products and damage packaging even where the goods themselves appear physically intact.

The claimant should document water levels, affected warehouse sections, pallet locations and individual categories of inventory as quickly as possible.

Water Leakage Claims

Warehouse stock can also be damaged by burst pipes, sprinkler-system failures, roof leaks or other water incidents.

Coverage depends on the cause and policy wording. An insurer may distinguish between sudden accidental water damage and gradual leakage that existed for a substantial period.

Theft From a Warehouse

Inventory loss resulting from theft can raise additional evidentiary issues. The insurer may examine physical security, alarms, CCTV, access records, police reports and whether the event satisfies the policy’s theft requirements.

A discrepancy discovered during an ordinary stock count is not necessarily equivalent to proving an insured theft.

How Is Destroyed Inventory Proven?

This is one of the most important questions in a warehouse insurance claim.

The business should attempt to establish:

What goods were in the warehouse immediately before the loss, how many units existed, who owned them and what insured value should be attributed to them?

Multiple sources of evidence should be combined to answer these questions.

Physical Stock Count Records

The most recent inventory count before the incident can provide an important starting point.

However, stock levels constantly change. Purchases, production, sales and transfers occurring between the last count and the loss must be incorporated into the calculation.

Warehouse Management Systems

Modern warehouses frequently use warehouse-management systems that record incoming goods, outgoing goods, pallet locations, SKU numbers, batch information and stock quantities.

These electronic records can become some of the strongest evidence after physical inventory is destroyed.

ERP Records

ERP systems may connect purchasing, manufacturing, warehousing, sales and accounting information.

For a major inventory claim, ERP data can help reconstruct the exact stock position immediately before the insured event.

Purchase Invoices

Invoices can demonstrate when inventory was acquired, quantity, unit price and supplier.

However, invoices alone do not prove that the goods remained in the warehouse at the date of loss. They should therefore be reconciled with sales and inventory records.

Supplier Records Can Help Reconstruct Missing Evidence

Where the insured company’s own documents were destroyed, suppliers may retain invoices, delivery notes and order records.

Third-party records can provide particularly useful corroboration because they are maintained independently from the insurance claimant.

E-Invoice and Electronic Commercial Records

Electronic commercial documentation can significantly strengthen a warehouse claim where physical records were lost.

Digital invoice histories, accounting databases and order-management systems may allow stock to be reconstructed even after complete physical destruction.

Sales Records Must Also Be Considered

A company cannot establish inventory merely by adding all purchases. Goods already sold or transferred before the loss must be deducted.

A defensible stock reconstruction should therefore reconcile:

Opening inventory + purchases or production – sales and transfers = inventory immediately before the loss.

The actual accounting and insurance valuation methodology may require additional adjustments.

Example of Stock Reconstruction

Assume the business had inventory worth TRY 20 million at the beginning of the month. It received TRY 8 million of additional goods and sold TRY 5 million before a warehouse fire.

Subject to the applicable valuation methodology and other stock movements, the records may initially indicate approximately TRY 23 million of inventory immediately before the loss.

The claimant should then reconcile that figure with warehouse and accounting data.

Production Records Are Important for Manufacturers

A manufacturer may store raw materials, work in progress and finished goods within the same warehouse complex.

Production reports can demonstrate how much raw material was converted into finished products before the loss.

Inventory Belonging to Third Parties Requires Special Attention

Warehouses sometimes contain goods belonging to customers, suppliers or related companies.

The fact that goods were physically located at the insured premises does not automatically establish that they were insured for the warehouse operator’s benefit.

Ownership, contractual responsibility and policy wording should be examined.

Consignment Stock Can Create Complicated Claims

Goods may remain legally owned by a supplier until sold or used.

The parties should determine who bears the risk of loss and whether the insurance policy includes goods held in trust, custody or on consignment.

Logistics Companies Face Similar Issues

A logistics warehouse may hold millions of Turkish lira worth of customers’ goods without owning them.

Liability insurance, property insurance and contractual risk allocation can therefore interact. The legal analysis should identify whose property was damaged and which policy potentially responds.

How Is Inventory Value Calculated?

Quantity is only half of the dispute. Once the number of damaged units is established, the parties must determine the correct insured value.

This depends on the policy and the nature of the goods.

Purchase Cost Is Not Always the Final Insurance Value

A business may have purchased inventory months earlier at substantially different prices.

Foreign exchange movements, supplier increases and market conditions can change replacement costs significantly.

The correct valuation should therefore be determined under the insurance contract rather than simply choosing the lowest historical invoice.

Raw Materials

Raw materials are generally different from finished products because they have not yet undergone the company’s manufacturing process.

Purchase cost, transportation and other relevant components may need to be considered according to the policy’s valuation structure.

Work in Progress

Work-in-progress inventory can be especially difficult to value because part of the production process has already occurred.

The calculation may need to determine the value of raw materials plus the relevant production costs accumulated up to the stage reached before the loss.

Finished Products

Finished goods contain the value created through production, but their retail sales price does not necessarily equal their insured value.

A policyholder should distinguish the insured property value from the profit the business expected to earn when the goods were eventually sold.

Why Expected Profit Should Not Automatically Be Added to Stock Value

Property insurance and business interruption insurance serve different purposes.

The physical inventory claim generally concerns the insured value of destroyed stock. The profit that would have been earned from selling that inventory may instead raise a separate business interruption issue where appropriate coverage exists.

Otherwise, the same economic element could potentially be counted twice.

Example: Finished Goods

Suppose a manufacturer has finished products that would have generated TRY 15 million in sales. The insured inventory value under the applicable policy methodology is TRY 10 million.

The warehouse property claim should not automatically be calculated at TRY 15 million merely because that was the anticipated selling price.

Any loss of insured profit must be analyzed separately.

Imported Inventory Creates Foreign Currency Issues

Many Turkish businesses purchase goods in euros, US dollars, pounds sterling or other currencies.

If replacement prices increase substantially because of exchange-rate movements, the date and method used for valuation can significantly affect compensation.

Preserve Foreign Supplier Quotations

Current supplier quotations can help establish replacement cost where relevant to the policy. Historical invoices and current quotations should both be preserved so that price changes can be demonstrated objectively.

Transportation and Import Costs

Depending on the applicable policy valuation basis, freight, customs-related expenses and other costs associated with bringing replacement goods to the insured location may become relevant.

These amounts should be analyzed under the policy rather than automatically added to every inventory claim.

What If the Insurer Values the Stock Too Low?

The company should request a detailed explanation of the insurer’s calculation.

A low valuation may result from incorrect quantities, outdated unit prices, excessive depreciation, classification of usable goods as salvage, underinsurance or omission of particular inventory categories.

Build an SKU-Level Claim Where Possible

For large warehouse losses, a single statement such as “TRY 50 million of stock was destroyed” is comparatively weak.

A stronger claim identifies SKU, product description, quantity, unit value and total claimed amount.

Example of an Inventory Schedule

A company may identify:

Product A – 10,000 units
Product B – 7,500 units
Product C – 22,000 units
Product D – 3,200 units

Each category can then be connected to invoices, inventory records and the applicable unit valuation.

Batch Numbers Can Strengthen the Evidence

Pharmaceutical, food, chemical and other regulated businesses may maintain batch or lot records.

These records can help establish precisely which goods were present and whether they became unusable after contamination.

Serial Numbers Can Help With High-Value Goods

Electronics, machinery components and other high-value stock may have individual serial numbers.

Serial-number databases can provide powerful evidence concerning the existence and identity of destroyed goods.

Photographs and Video Matter

Photographs taken immediately after the event can demonstrate the scale of the inventory loss, pallet locations and the physical condition of goods.

Warehouse CCTV from before the incident may also help confirm stock levels.

Drone Footage May Be Useful in Large Warehouse Losses

Where safely and lawfully obtained, aerial documentation can assist in demonstrating the scale and distribution of damage in a large industrial facility.

It does not replace accounting evidence, but it can supplement the claim.

Do Not Dispose of Damaged Stock Too Quickly

Businesses often need to clear a warehouse rapidly for safety or reconstruction.

However, disposing of damaged goods before the insurer and appropriate experts can inspect them may create an evidentiary dispute.

Safety Comes First

Where goods are dangerous, contaminated or create a public-health or environmental risk, immediate disposal may be necessary.

In that situation, the business should document the goods as thoroughly as reasonably possible and preserve official disposal records.

Destruction Certificates Can Be Important

Food, pharmaceuticals, chemicals and other goods may require controlled destruction.

Official destruction or disposal documentation can help demonstrate that the inventory genuinely had no remaining commercial use.

Salvage Value Is a Frequent Dispute

Not every damaged product is completely worthless.

The insurer may argue that stock can be sold as damaged goods, recycled, reconditioned or used for another purpose.

Any legitimate salvage value can affect the compensation calculation.

Excessive Salvage Deductions Can Be Challenged

The insurer should not simply assign an unrealistic theoretical salvage value.

Actual market offers, recycler quotations, disposal records and expert opinions can help establish what the damaged stock was genuinely worth.

Example of a Salvage Dispute

The insurer values damaged inventory at TRY 20 million but deducts TRY 5 million as salvage.

The business obtains independent market offers showing that the contaminated goods can be sold for only TRY 750,000.

The TRY 4.25 million difference becomes a significant disputed component of the claim.

Can Packaging Damage Make Goods Unsaleable?

Yes, depending on the product.

Luxury products, pharmaceuticals, food, cosmetics and consumer electronics may lose substantial commercial value where packaging is contaminated or damaged even if the underlying item appears physically intact.

Branding Can Affect Salvage Decisions

A company may object to damaged branded products entering secondary markets because they could create safety, warranty or reputational problems.

Whether this justifies treating the goods as a total loss depends on the policy, nature of the goods and evidence.

Expired or Obsolete Inventory Can Create Disputes

The insurer may argue that some goods already had little commercial value before the insured event.

Inventory aging reports, historical sales and expiry information may therefore become relevant.

Slow-Moving Stock Is Not Automatically Worthless

An item selling slowly can still have substantial value.

The insurer should distinguish genuine obsolescence from inventory that simply has a longer sales cycle.

Inventory Aging Reports Should Be Reviewed Before Submission

The business should understand how its stock is categorized by age.

Where older inventory remains commercially saleable, sales history can demonstrate its continuing value.

Underinsurance Can Significantly Reduce Compensation

One of the largest financial risks arises when the insured stock amount is substantially lower than the value that should have been insured under the applicable policy.

A proportional reduction may become relevant depending on the policy and circumstances.

Why Warehouses Are Vulnerable to Underinsurance

Inventory can change dramatically throughout the year.

A warehouse containing TRY 20 million of goods during ordinary months might contain TRY 50 million before a seasonal sales period.

If the insured amount does not accommodate that fluctuation, a serious insurance gap can arise.

Seasonal Stock Is Particularly Important

Retailers, agricultural businesses, importers and manufacturers may hold unusually large inventory during particular periods.

The policy should be examined for declarations, adjustable values, maximum stock provisions or other mechanisms relevant to fluctuating inventory.

Example of Warehouse Underinsurance

Assume the relevant insured inventory value at the time of the loss is TRY 80 million while the policy’s insured stock amount is only TRY 40 million.

A fire causes TRY 30 million of covered inventory damage.

Depending on the applicable policy provisions, the insurer may argue for a substantial proportional reduction rather than paying the entire TRY 30 million.

Do Not Accept the Underinsurance Calculation Automatically

The business should verify the insurer’s assessment of total inventory value, the applicable insured amount and the contractual calculation method.

An incorrect denominator can produce a significantly understated payment.

Deductibles Must Also Be Checked

Warehouse policies may contain fixed or percentage deductibles.

The business should verify that the insurer applies the correct deductible to the correct event rather than using an unrelated or higher deductible.

Multiple Events Can Create Difficult Questions

A storm may damage the roof, allowing water to enter the warehouse over several hours.

The insurer and policyholder may disagree about whether the loss constitutes one event or several events for deductible purposes.

The policy wording and factual circumstances become important.

Can Inventory Loss Cause Business Interruption?

Yes. Destroyed inventory can prevent a business from fulfilling customer orders even where the warehouse building itself is repaired quickly.

However, the existence of a physical stock claim does not automatically mean that lost turnover or lost profits are covered.

Business Interruption Coverage Should Be Checked Separately

Appropriate business interruption or loss-of-profit insurance may compensate qualifying financial losses arising from the insured physical damage.

The policy should be examined for the covered risks, gross-profit methodology, indemnity period and limits.

Example: Warehouse Fire and Lost Sales

A wholesaler loses TRY 25 million of inventory in a fire. Replacement stock takes three months to arrive.

During that period, the company loses significant customer orders.

The physical property claim concerns the destroyed inventory. The lost commercial margin may require separate analysis under applicable business interruption coverage.

Avoid Double Recovery

If the inventory property claim already incorporates a particular economic component, that same amount should not simply be claimed again as business interruption loss.

Physical damage and financial-loss calculations should be coordinated.

Customer Contracts Can Prove Financial Consequences

Confirmed orders cancelled because stock was destroyed can support a business interruption calculation.

The business should preserve cancellation emails, customer correspondence and replacement-order records.

Supply Chain Evidence Can Prove Replacement Time

The insurer may argue that inventory could have been replaced within two weeks.

Supplier correspondence showing a three-month manufacturing or shipping period can demonstrate why the interruption lasted longer.

Imported Goods Can Create Longer Interruptions

Foreign manufacturing lead times, sea freight and other supply-chain factors can delay replacement inventory.

These issues should be documented contemporaneously rather than reconstructed months later.

What If the Insurer Says the Warehouse Had Less Stock?

The claimant should reconstruct inventory from independent sources.

Accounting records, supplier invoices, ERP systems, WMS records, customer sales, transport documents and stock counts can be reconciled to establish the likely inventory position immediately before the loss.

Transport Documents Can Be Valuable

Delivery notes, freight records and customs documentation can prove that particular goods entered the warehouse before the incident.

Similarly, outbound transportation records can demonstrate which goods had already left.

Customs Records Can Support Imported Stock Claims

Where inventory was recently imported, customs documentation may help establish quantity, description and declared value.

This can provide useful third-party corroboration.

What If All Physical Records Were Destroyed?

A catastrophic fire does not automatically make the inventory claim impossible.

Electronic records maintained in cloud systems, accountants’ databases, supplier records, customer records, banking data and government-related electronic documentation may allow the inventory to be reconstructed.

Off-Site Backups Can Become Critical

Businesses should preserve any accounting and ERP backups stored away from the damaged premises.

These records may become the primary evidence supporting a large insurance claim.

Can the Insurer’s Expert Report Be Challenged?

Yes. The insurer’s stock calculation and valuation are not automatically beyond dispute.

The insured business can submit independent accounting, inventory and valuation evidence.

What Should an Inventory Valuation Objection Contain?

The objection should identify the insurer’s disputed quantities, unit prices, valuation methodology, salvage assumptions, underinsurance calculation and omitted inventory categories.

Each disputed amount should be supported by specific documentation.

Example: Quantity Dispute

The company claims that 100,000 units were destroyed.

The insurer recognizes only 70,000 units.

ERP and warehouse records establish opening inventory, incoming deliveries, outgoing sales and remaining stock consistent with approximately 100,000 units.

The disputed 30,000 units can therefore be addressed through reconciliation rather than assertion.

Example: Unit Price Dispute

The insurer values imported stock at TRY 500 per unit based on an old invoice.

Current replacement documentation relevant under the policy supports TRY 750 per unit.

Across 50,000 units, the TRY 250 difference creates a TRY 12.5 million valuation dispute.

Example: Warehouse Fire Claim

A distributor claims TRY 60 million for destroyed inventory.

The insurer recognizes TRY 42 million after reducing quantities, applying lower unit values and deducting salvage.

A detailed inventory reconstruction identifies TRY 8 million of omitted goods, TRY 6 million of valuation differences and TRY 4 million of excessive salvage deductions.

The entire TRY 18 million difference can then be challenged item by item.

Fraud Allegations Require Particular Care

Large inventory claims can attract heightened insurer scrutiny.

Material inconsistencies between accounting records, tax information, invoices and stock declarations can lead the insurer to question the credibility of the entire claim.

Never Inflate Stock Quantities

An exaggerated claim can create consequences far more serious than losing the disputed amount.

Businesses should base inventory calculations on records capable of independent verification.

Reconcile the Claim Before Submission

The claimed inventory quantity should be reconciled against purchases, production, sales, transfers and physical counts.

Any unexplained discrepancies should be investigated before the final claim is presented.

Independent Accounting Evidence Can Strengthen Large Claims

For substantial warehouse losses, forensic accounting may be necessary to reconstruct the stock position.

An expert can reconcile ERP data, accounting records, purchase invoices, sales records and warehouse movements.

Technical Experts May Also Be Required

An accountant can determine quantity and value but may not be qualified to determine whether smoke-exposed food, water-damaged electronics or contaminated chemicals remain commercially usable.

Technical evidence may therefore be required alongside financial analysis.

Several Experts May Be Necessary

Large claims can require accountants, engineers, food specialists, chemical experts, valuation professionals or other specialists depending on the inventory.

A multidisciplinary approach is often stronger than relying on a single general insurance assessment.

Can an Undisputed Amount Be Paid First?

Where the insurer accepts part of the inventory loss, the business may seek payment of the undisputed amount while continuing to pursue the disputed balance.

Any settlement or release document should nevertheless be reviewed carefully.

Be Careful With “Full and Final” Settlements

A company may urgently need insurance funds to purchase replacement inventory.

Accepting a payment accompanied by a broad release could affect the ability to pursue additional compensation later.

The legal effect of the document should be assessed before signing.

Can Interest Be Claimed on Unpaid Warehouse Insurance Compensation?

Potentially. Where insurance compensation has become due and remains unpaid, applicable default-interest claims may arise.

The business should preserve the dates of notification, document submission, expert inspections, insurer decisions and partial payments.

Can Insurance Arbitration Be Used?

Depending on the insurer and applicable procedural framework, insurance arbitration may potentially be available for denied or underpaid warehouse inventory claims.

The evidentiary file should be organized before proceedings are commenced, particularly where millions of Turkish lira are disputed.

Can a Lawsuit Be Filed?

Where the applicable requirements are satisfied, judicial remedies may also be pursued.

Complex warehouse insurance litigation can involve insurance-law, accounting and technical expert examinations.

Foreign-Owned Companies Can Pursue Warehouse Claims in Turkey

Foreign ownership does not itself prevent a company operating in Turkey from claiming compensation under an applicable warehouse insurance policy.

Foreign-owned manufacturers, retailers, wholesalers, importers, exporters and logistics companies can pursue their contractual insurance rights.

Foreign Investors Should Preserve Overseas Supplier Evidence

For imported goods, invoices and correspondence held by overseas suppliers can be particularly important.

Foreign-currency quotations, manufacturing records and shipping documents may help establish both quantity and valuation.

Multinational Companies Should Check All Insurance Layers

A Turkish subsidiary may have local property insurance while its parent company maintains a global master or excess policy.

After a substantial warehouse loss, all potentially applicable insurance arrangements should be reviewed.

A Strong Warehouse Claim Answers Four Questions

A properly prepared inventory claim should clearly establish:

What inventory existed? What quantity was damaged? What was its insured value? What amount remains recoverable after legitimate policy adjustments?

If these questions can be answered with verifiable records, the insurer’s ability to reduce the claim through generalized assumptions becomes significantly weaker.

2026 Strategy for Warehouse Inventory Insurance Claims in Turkey

For substantial warehouse insurance claims in Turkey in 2026, businesses should begin preserving evidence immediately after the insured event. The damaged warehouse and inventory should be photographed and professionally documented before disposal wherever reasonably possible. The company should then reconstruct the inventory position immediately before the event by reconciling physical counts, ERP and WMS records, accounting books, purchase invoices, production data, sales records, delivery documents and third-party supplier information. Inventory should be divided into raw materials, work in progress, finished goods and any third-party property because each category may require separate legal and valuation analysis. The correct policy valuation basis should then be applied to each category. Any insurer deductions for depreciation, obsolescence, salvage, underinsurance or deductibles should be independently verified. Where destroyed inventory also causes lost sales, the physical property claim should be coordinated with any available business interruption coverage without duplicating compensation. The practical strategy is therefore: confirm stock coverage → preserve the damaged inventory → reconstruct pre-loss quantities → verify ownership → classify the inventory → determine the contractual valuation basis → document unit values → calculate salvage → test underinsurance → verify deductibles → calculate any separate interruption loss → compare the insurer’s valuation item by item → pursue the unpaid balance.

Frequently Asked Questions

1. How can a company prove inventory destroyed in a warehouse fire?

Inventory can be established through physical stock counts, ERP and WMS records, purchase invoices, accounting books, production records, sales records, supplier documentation, delivery records and other evidence capable of reconstructing stock immediately before the fire.

2. What happens if all warehouse records were destroyed in the fire?

The claim may still be provable through cloud-based accounting systems, electronic invoices, off-site backups, supplier records, customer records, transport documentation and other independent evidence.

3. Does warehouse insurance automatically cover all goods stored inside?

No. The policy must be checked to determine which inventory categories and ownership interests are insured.

4. Can smoke-damaged goods be treated as a total loss?

Potentially. Whether goods remain usable or commercially saleable depends on their nature, contamination level, safety requirements and technical evidence.

5. Can the insurer deduct salvage value?

Potentially, where damaged inventory genuinely retains economic value. However, an excessive or theoretical salvage deduction can be challenged with actual market evidence.

6. What happens if the warehouse was underinsured?

Depending on the policy and circumstances, compensation may be proportionally reduced. The insurer’s calculation of both the required insured value and actual insurance amount should be independently checked.

7. Can lost profits from destroyed inventory also be claimed?

Potentially, where appropriate business interruption or loss-of-profit coverage exists. The physical stock loss and financial loss must be calculated separately to avoid double recovery.

8. Can an insurer reject inventory because there was no recent physical stock count?

The absence of a recent physical count can make proof more difficult, but it does not necessarily make the claim impossible. Electronic and accounting records may allow the inventory position to be reconstructed.

9. Can a foreign-owned company recover warehouse insurance compensation in Turkey?

Yes. Foreign ownership does not itself prevent an insured company from pursuing compensation under an applicable Turkish warehouse or commercial property insurance policy.

10. Can the insurer’s inventory valuation be challenged?

Yes. Businesses can challenge disputed quantities, unit values, salvage deductions, obsolescence assumptions, underinsurance calculations and other valuation issues with independent evidence.

Legal Support for Warehouse and Inventory Insurance Claims in Turkey

Warehouse insurance disputes can involve destroyed inventory, disputed stock quantities, fire and water damage, smoke contamination, inventory valuation, salvage, underinsurance and associated business interruption losses. For high-value warehouses, relatively small differences in quantity or unit valuation can change the compensation claim by millions of Turkish lira.

Fırat Fesih Kaya Law Office provides legal assistance to Turkish and foreign-owned companies concerning warehouse insurance claims, damaged and destroyed inventory, rejected or underpaid compensation, disputed insurer valuations and associated business interruption losses.

Fırat Fesih Kaya can assess the insurance policy and insurer’s calculation, coordinate the legal evaluation of accounting and technical evidence, identify disputed stock quantities and valuation deductions and pursue outstanding insurance compensation through the appropriate legal procedure.

Phone: +90 312 434 22 22
Mobile Phone: +90 532 769 22 22
Email: info@firatfesihkaya.av.tr
Address: Mevlana Boulevard No: 221, Yildirim Tower, Balgat, Cankaya / Ankara, Turkey