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Insurance>What does TCIP cover?

What does TCIP cover?

With Compulsory Earthquake Insurance, the TCIP covers the material losses which are directly caused by an earthquake and any fire, explosions, tsunami or landslides which occur as a result of an earthquake within the limits specified in your policy, in cash. Compulsory Earthquake Insurance covers damage that may occur in the foundations, main walls, common walls separating independent sections, garden walls, retaining walls, ceilings and floors, stairs, lifts, landings, corridors, roofs, chimneys and complementary parts of the structure similar to these sections. TCIP policy coverage amounts are determined according to the year of construction, building usage type, number of floors, building style, damage status and square footage. 

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