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Key Protect Add-on in Two-Wheeler Insurance Policy

Published On Oct 08, 2021 11:00 AM By InsuranceDekho

Purchasing insurance for your two-wheeler is important as per law. Buying comprehensive two-wheeler insurance is best as it provides coverage against damages or losses to your two-wheeler. But any losses to the key or loss of key are not covered under it. That is why you need to buy an add-on cover. Read this article to know about key protection add-ons in two-wheeler insurance.

Earlier you could easily get a duplicate key for a two-wheeler from the locksmith when you lost your key. But now the modern keys are hard to replicate. The only way to get a replacement key is to approach the service center. And if your key is stolen, the entire lockset is to be replaced for safety reasons. Key protection add on helps you when you lose the keys of your two-wheeler. A comprehensive two-wheeler insurance policy does not cover the cost involved and replacing the key so it is important to purchase an add-on cover. It covers the cost involved in the repair or replacement of the keys.

Key Protect Add-on in Two-Wheeler Insurance Policy

Key Protect Add-on in Two-Wheeler Insurance Policy

If you lose or damage the keys of your two-wheeler, you have to approach the authorized service center to get the duplicate key. The key protect add-on cover will cover the loss of replacement of the key and the lockset. It is a very useful add-on cover. It will save you from a lot of hassles if your keys get misplaced, stolen, or damaged.

How to Claim Bike Insurance for Key Protection?

Applying for a claim is simple. Below are the steps to register a claim for key protect add-on-

Step 1: Inform the insurance company about the damage or loss of the keys of your two-wheeler and provide all the details of the damage.

Step 2: The company will assess the damage to process the claim settlement.

Step 3: After the completion of the assessment, you can replace or repair your key and the company will reimburse the cost.

Also Read: How To Get the Details of Bike Insurance By Registration Number?

Benefits of Key Protect Add-on

Two-wheeler insurance for key protection is an important add-on. Here are some of the benefits you will get for purchasing key protect add-on-

  • Buying the key protect add-on online is easy and convenient.
  • Applying for a key replacement claim will not affect the No Claim Bonus. 
  • Replacement of the key or lockset if the key is lost, damaged, or stolen.
  • The entire lockset along with the key will be replaced if the key is stolen.

Exclusions of Key Protect Add-on

  • Damage to the key or lockset due to criminal activity.
  • Damage to the key due to radiation, toxic substances, etc.
  • Damage or loss of the key due to improper handling.
  • The cost of repair or lockset will not be covered if proper documents or receipts for the same are not provided to the company.

Take Away

When applying for a claim through key protection add-on cover apply within the intimation period provided by the insurance company. Keep with you all the necessary details and proofs. Go through your two-wheeler insurance policy document before filing a claim.

Read Here: How To Get A Duplicate Copy of New India Bike Insurance Documents?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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