Vehicle comprehensive insurance value refers to a type of insurance offered for vehicles covered within this category. Comprehensive insurance (kasko) is a contract designed to cover the damage a vehicle may suffer in situations such as theft, fire, major or minor collisions, or attempted theft. Kasko differs from other types of insurance: unlike mandatory motor liability insurance, kasko covers damage to the policyholder’s own vehicle and may pay for part or all of the repair costs. Kasko is optional—drivers choose whether to purchase it. It does not guarantee compensation for damage to the third party’s vehicle; instead, it secures coverage for the insured person’s own vehicle. The primary purpose of kasko insurance is to compensate for damage to the insured vehicle in the event of an accident.
The scope of coverage under the vehicle comprehensive insurance value includes a range of risks. Typical coverages include collisions with other vehicles or objects, being struck by another vehicle, fire, and theft. Separate insurance policies can be issued for one or more of these events. Historically, individuals chose one or two coverages, but today policies often bundle one or all available protections. A policy that includes the three main coverages is commonly referred to as full kasko. Because kasko is voluntary, policyholders can extend standard protections (collision, being hit, fire, and theft) with additional optional coverages according to their needs, and separate endorsements or policies are issued for those extras. When arranging kasko, you can include a provision to extend coverage outside Turkey; if you do not specify this, coverage applies only within Turkish borders. You can easily find your vehicle’s kasko value through websites such as the Revenue Administration or the Turkish Insurance Association. The kasko value varies according to each vehicle’s make and model. Kasko coverage for collisions generally also includes malicious damage such as deliberate scratching with a hard object.
When Does Kasko Start and What Are the Notification Deadlines?
Kasko insurance becomes effective from the date you make the initial payment. The Revenue Administration allows policy premiums to be paid either in full or in installments. If you choose installment payments, coverage begins when you pay the required down payment. You can look up your vehicle’s kasko value online via the Revenue Administration’s website without visiting the office. This online service makes it easy for everyone to check the kasko value. Unless the insurer and policyholder agree on different times, kasko policies in Turkey typically begin and end at 12:00 noon on the effective dates. If a policyholder’s insured vehicle sustains damage, the insured must notify the insurer within five days from the day the incident occurred. When a claim is reported, the documents proving the damage and other relevant paperwork must be submitted to the insurer. Within approximately fifteen days from the date the insurer receives those documents, the insurer must inform the policyholder about the assessment of damage and any compensation amount. The kasko value of a vehicle may change after certain incidents. You can learn your vehicle’s kasko value by visiting the Revenue Administration in person or by checking its official website.
How Is the Vehicle Kasko Value Determined?
Vehicle kasko is an optional insurance, and there is a monthly updated list of vehicle kasko values. You can easily check your own vehicle’s value on the internet using this monthly list. The list is prepared by considering each vehicle’s make and model. When an insurance agency provides a kasko premium quote, it uses this kasko value list as a reference. Insurance agencies typically use the published rates for vehicles up to fifteen years old; for vehicles older than fifteen years, agencies set premiums independently. To find the kasko value of your vehicle, you can visit the Revenue Administration or access its website. Use the interactive kasko value screen on the official site to quickly retrieve your vehicle’s listed value.