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Turkey Overhauls Mandatory Traffic Insurance with New Parts and Compensation Rules
๐Ÿ‡น๐Ÿ‡ท Turkey /Economy & Trade

Turkey Overhauls Mandatory Traffic Insurance with New Parts and Compensation Rules

From Cumhuriyet · () Turkish

Translated from Turkish, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Turkey is introducing a new era for mandatory traffic insurance.
  • A recent regulation published in the Official Gazette mandates the use of original parts for vehicle repairs under this insurance.
  • The requirement to file separate applications for depreciation compensation has also been eliminated.

Turkey is set to implement significant changes in its mandatory traffic insurance system, marking a new phase for vehicle owners and repair services. A new regulation, officially published in the Official Gazette, introduces key reforms aimed at enhancing the repair process and simplifying compensation claims. Effective from a soon-to-be-announced date, the use of original parts will become mandatory for all repairs covered under mandatory traffic insurance policies. This move is expected to ensure higher quality repairs and maintain vehicle integrity. Furthermore, the regulation abolishes the previous requirement for policyholders to submit separate applications for depreciation compensation. This streamlining aims to reduce bureaucratic hurdles and expedite the claims process for vehicle owners experiencing loss in value due to accidents. The changes signal a move towards greater transparency and consumer protection within the Turkish insurance market.

DistantNews Editorial

Originally published by Cumhuriyet in Turkish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.