Completion Protection with Quick Sigorta in Urban Renewal

One of the key questions in urban renewal is what happens if construction stops before completion. Under its special agreement with Quick Sigorta, Tekin Proje offers building completion insurance as part of the protection model for renewal projects it advises.

This company update was prepared on 4 November 2026. The agreement does not automatically activate cover for every project; insurer assessment, policy issuance and the owner-specific guarantee certificate process must each be completed.

What does building completion insurance provide?

Building completion insurance is a surety insurance product. It protects beneficiaries against specified risks of unfinished construction under the policy and general conditions. Events such as contractor bankruptcy or failure to complete within 12 months after the contractual delivery date are assessed under the applicable terms.

Which document records the protection?

SEDDK’s July 2025 guide explains that guarantee certificates linked to the policy are issued for beneficiaries. Owners should obtain documents identifying their name, unit, cover amount and validity conditions, rather than relying solely on an agreement announcement. The policy and certificate should be reviewed together.

Compensation or project completion?

The response to an insured event depends on the general conditions, policy and individual case. Where the requirements are met, the insurer’s obligation may be fulfilled through cash compensation or project completion. Owners should not assume immediate payment on the first day of any delay or unlimited cover.

Documented renewal at Tekin Proje

In property development, owners should understand both the design and how the project will be completed. Tekin Proje’s consultancy considers the construction contract, payment schedule and insurance documents together. Contact our team about your project’s insurance assessment and document preparation.

What should owners ask?

Has the insurer accepted the project? What are the policy number and term? When will my guarantee certificate be issued? What are the limits, exclusions and claim procedure? Written answers make the protection verifiable. Tekin Proje provides development and renewal consultancy; insurance cover is issued by the insurer.