The questions below offer a general framework on comprehensive motor insurance and life insurance, the time limits for a claim file and the insurer’s right of recourse. In a specific case, time limits, documents and the regulations in force are assessed separately.
Showing 1–4 of 4 questions
Does comprehensive motor insurance (kasko) provide full compensation in every accident?
No; the scope of coverage, the deductible, exclusions and the calculation of loss are examined according to the policy.
The special conditions of the policy, the date of the damage, fault, the appraiser’s report, the vehicle’s history and notification of the risk are important. The insurer’s grounds for rejection and any limitations that may be invalid by law should be assessed separately.
How long can an insurance company keep a claim file open?
The time limits relating to the application and the payment obligation vary according to the type of insurance and the provisions of the law.
Whether requests for missing documents are actually necessary, the date of application and the reply letters should be examined. The conditions of the Insurance Arbitration Commission or lawsuit route for collecting the loss are investigated separately.
Is the life insurance benefit always paid to the heirs?
No; the designation of a beneficiary and the policy conditions affect to whom the benefit is paid.
The beneficiary entry, the insured’s declarations, premium payments, the date of the risk and the policy provisions are examined. Whether the insurance benefit forms part of the estate is assessed together with, but under legal regimes separate from, inheritance and reserved portion claims.
Is it possible for the insurer to claim from a third party the amount it has paid?
If the conditions are met, the insurer may apply to the liable third party by way of subrogation.
The provisions of the Turkish Commercial Code (TTK) on the insurer’s subrogation, actual payment, the real loss and the defenses of the liable person are important. In a recourse claim, the insurer cannot, as a rule, acquire a broader right than the amount it has paid.