Have you ever heard that you can get your car key insured? But exactly “What is Key protect in car insurance?

If You have a car with a modernized key fob, you may worry about misplacing, losing, or damaging it. This is where car key Insurance comes into play.

It can also be frustrating and expensive to get keys repaired or replaced, not to mention the hassle of finding a Locksmith service for car key replacement. However, there are easy options like the Keyenzy platform.

With the modernization of car models, the lock and key system has also advanced accordingly. The key fob with battery is more expensive than the traditional car keys and hence need extra care.

So, let’s learn more about how a key replacement cover can help you secure your car key in case of such emergencies.

What is a Key Replacement Cover?

Traditional car keys weren’t a big hassle, but the latest technologies equipped car keys today, need your extra protection. It’s because they’re expensive to deal with.

With traditional car keys, you would’ve gotten a spare key, but that’s not possible with remote car keys. Modern keys are difficult to replace and most importantly, expensive.

This is why people are choosing the car key insurance route to tackle such a situation today.

Many insurance companies have introduced key replacement cover policies to compensate for the loss of your car keys. This is an additional premium that you can avail of at any time. It can act as an add-on security.

Recommended Read: Vehicle Key Maker Near Me: How They Can Help

What are the conditions for a Car Key Insurance?

The car key insurance cover is a policy that can act as an add-on to a specific insurance policy you may acquire. It’s a policy related to key protection in car insurance where the insurance company will reimburse the insured person.

The amount can be compensated up to the insurance amount specified in the insurance policy. However, the policy covers the amount subject to the conditions below:

• If the key is Lost.
• If the key is Stolen.
• If the key is Damaged.
• For the repairing of the lockset only if the lockset or the key is damaged.
• For key replacement only if the key is damaged or broken.
• The key, lock, and lockset will be replaced, in the case of burglary.

Why is Key Replacement Cover Important?

The key protect in a car insurance policy comes in handy in cases where you’ve lost or misplaced your original car key.

Key insurance will ensure you’ll get reimbursed by the insurance company for all the losses you have to bear for the replacement cost.

You can have key protection in car insurance with just a small amount of premium annually and save against the cost of replacement of key.

This is an additional purchase over the basic car insurance. You can call it an add-on cover on your actual insurance policy. You can avail of this additional policy in case of key misplacement, lost car keys, damaged keys, or stolen keys.

Furthermore, the policy may usually cover the cost of lockset damage as well. With all these additional security measures for your car key, a key protection cover is an important add-on.

A must-read: Pros And Cons Of Smart Car Keys

What is Key Protection in Car Insurance Cover: Features

Key Protect is an add-on in car insurance that covers the cost of replacing or repairing your car keys. Here’s a quick breakdown of its features:

Covers Stolen or Lost Car Keys

If your car keys are lost or stolen, this policy helps cover the cost of replacing them, as well as the expenses for fixing or replacing the key lockset.

Extra Cost

Since this is an optional add-on, you'll need to pay an extra premium. Be sure to ask your insurance company for the exact amount.

Claim Limits

There’s a limit on how many times you can claim under this policy, so you’ll need to take good care of your keys! The policy will only compensate up to the allowed number of claims.

Easy Claim Process

The process to claim is simple and similar to filing any other car insurance claim. Just notify your insurer and follow the steps to get your reimbursement.

Explore more: Car Key Maker Near Me: How Can They Help in Lockouts

When Can You Buy Key Protection in Car Insurance?

Anyone can buy key protect cover based on their needs, but it's especially useful if:

• Your car is under direct threat and theft or attempted theft is more likely to happen. This cover helps with the cost of repairing or replacing your keys and locks if they get stolen or damaged.
• If you own a high-end or even a mid-range car, replacing or repairing a car key can be expensive. Key protection can save you from paying out of pocket for these costs.
• If your car uses a remote key or advanced technology, it's a good idea to have this coverage for extra security.

What is Covered under the Car Key Policy Add-on?

The things and situations listed below will usually be covered under a replacement cover:

Lost Keys

If you lose your car keys, it can be frustrating and expensive to replace them. With key insurance coverage, your insurance company will reimburse you for the cost of buying a new set of keys, up to a certain limit.

Break-ins

If someone tries to break into your car and damages the locks or keys, your insurance will cover the cost of replacing them.

Lock Set Damage

If your car is involved in an accident and the lock set is damaged, your insurance will reimburse you for the cost of repairing or replacing the lock set.

Must Read: Car Key Security 101: 8 Tips on How to Keep Your Car Keys Safe

Ways to claim a Key Replacement Cover Compensation

If you lose or misplace your car keys, Here are some of the steps to keep in mind when claiming your replacement cover:

Notify your insurance company

Call or email them to register your claim.

For theft claims

If your keys were stolen, you'll need to file a police report (FIR) before submitting your claim.

Submit necessary documents

Fill out the claim form and send it in with the required documents. The insurance company will review everything and reimburse your expenses.

Cashless option

If you're using a cashless claim, the insurance company will directly settle the payment with the garage.

Conclusion

Finally, we have covered the most important question “What is key protect in car insurance?” and various other topics such as its features, the conditions, what it covers, and more.

You can secure your modernized car keys with add-on insurance without any hassle. Moreover, if you end up in such a situation with your lost car keys or other key damages, Keyenzy is here with its services.

The locksmith-providing platform deals with broken key or locks-related problems, visit the contact page and get Key replacement services or a Car key maker near you.

Frequently Asked Questions

Q. Does car insurance cover lost car keys?

Ans: Yes, but only if you have a specific car insurance policy with which you have Key Replacement Cover (also known as Key Protect) as an add-on insurance policy.

Q. What should I do if I lose my car keys?

Ans: If your car keys are lost, stolen, or taken during a burglary, you should first file a police report (FIR). After that, get your keys and lockset replaced, and then submit the necessary documents to claim reimbursement for the costs.

Q. What should I do if my car's locking system is damaged?

Ans: In such a case, you can get your lockset system replaced or repaired, and use the invoice to then claim compensation. This is possible only with the key protect in car insurance policy.

Q. Can I just use a duplicate key?

Ans: Yes, it is a possibility, however, you may need to hire a locksmith from trusted platforms such as Keyenzy. Not only are the locksmiths highly skilled, but they’re also extremely professional with their work ethics.