Underwritten by Quick Sigorta 
Building Completion Insurance is a guarantee product within the surety line. It is accepted as a guarantee in pre-paid housing and timeshare sales under Consumer Protection Law No. 6502, and in urban regeneration projects under Law No. 6306 on the Transformation of Areas under Disaster Risk.
If the seller goes bankrupt, dies or is declared missing, the buyers' payments are refunded with statutory interest or the building is completed. For the seller or contractor, it is a way of meeting the guarantee obligation for the project. Issuing the guarantee depends on the insurer's assessment of the company's financial position and the guarantee limit it assigns.
What is covered?
- Guarantee for pre-paid housing sales under Law No. 6502
- Guarantee for timeshare sales under Law No. 6502
- Guarantee for urban regeneration projects under Law No. 6306
- Protection if the seller goes bankrupt, dies or is declared missing
- Refund of buyers' payments with statutory interest
- Or completion of the building
What you should know
Building Completion Insurance is a Quick Sigorta product and is provided through our agency.
This is a surety product that protects buyers. Issuing the policy and the guarantee limit depend on the insurer's assessment of the seller's or contractor's financial position; if the insurer pays out, it can recover the amount from the company.
If you are a buyer, we recommend asking the seller for the project's building completion insurance or statutory guarantee details before signing a pre-paid housing contract.
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Frequently asked questions
The seller or contracting company takes out the policy; the people who benefit from it are those buying the home on a pre-paid basis.
If the seller goes bankrupt, dies or is declared missing, payments are refunded with statutory interest or the building is completed. Detailed conditions are set out in the policy terms.
Because the insurer is giving a guarantee to buyers, it reviews the company's financial position; approval and the guarantee limit depend on that assessment.
The information on this page is for general guidance and does not replace policy wording. Scope of cover, limits, deductibles and exclusions are determined by the general and special conditions of the insurer you choose.