What Is the Importance of Key Replacement Cover?
Updated On Oct 15, 2023
Know about the key replacement cover to understand its importance and working.
Losing a car key can be an expensive affair and frustrating situation for many people. In such situations, you may have to visit a locksmith to get a duplicate key which might cost you around Rs.100 to Rs.300 or even more. However, due to technological advancement, this approach is obsolete now as almost all the new cars are coming with encrypted car keys which are computer coded and hard to copy. To seek duplicate keys of such cars, you may have to reach an authorised service centre that can charge you between Rs.1500 to Rs.4000 or even higher, based on the car make and model. To avoid such unnecessary troubles and from paying significant costs, you can opt for a key replacement cover.
What Is a Key Replacement Cover?
The Key Replacement add-on cover is designed to compensate for the expenses related to the replacement of keys. One can avail of this add-on cover for limited times to raise the claim for key replacement in a policy term. Before making a claim for your lost car keys, it is always recommended to inquire about the cost of key replacement from the authorised service centres and the maximum amount of coverage your insurance plan will cover.
How Key Replacement Cover Can Help You?
Before going to get a duplicate key made, first thoroughly search for it at all the possible places as the key replacement cover comes with a specific limit to make claims in a policy term after which you will have to bear their costs. If you have locked your keys in the car then you can get removed without paying anything from the breakdown service provider, if the facility is included in your plan and if it is not included in your plan, you can take the help of a locksmith but that will cost you a specific amount of fee.
However, some insurers offer the option to get your spare key picked up and delivered to you to avoid breaking the lock, but, if you hold a key replacement car insurance cover, you can claim expenses incurred due to the replacement of old keys and the making of new keys. Nowadays, cars are available with smart locking systems, theft alarms, programming chips, ignition software and so on, which enhance the security of the car. In simple terms, this add-on covers the cost incurred to replace the lost or stolen key and the cost of the lock that has been replaced.
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.