Most car-owners do not consider insuring car keys as of much importance. While replacing manual car keys might have been an economical and uncomplicated process, it is not the case with mid-range and premium four-wheelers. Advanced locking systems feature remote locking systems and FOBs.
Misplacing such encrypted unlocking tools will require replacing the entire locking systems and can cost you thousands. Getting a lost car key replacement insurance cover can help compensate for such high expenses besides providing a hoard of other benefits.
Policyholders can benefit from the following features of such insurance policies.
- Adequate security amount
Leading insurance providers extend high key replacement insurance cover valued up to Rs.60,000. Some insurance policies may also include additional key replacement protection worth Rs.20,000.
- Reimbursement for necessary charges
Such insurance policies cover various charges incurred under a lot of circumstances. These include locksmith charges for key replacement in case of a break-in, lockout, stealth, or misplacement of car keys. These plans also cover car rental costs if key replacement takes more than 24 hours.
- Card-blocking facility
Such plans allow individuals to block all their credit and debit cards with one phone call in case of a lost or stolen wallet.
- Emergency support
You can also avail funds for hotel booking and travel if you find yourself stranded during a trip. Lost car key replacement plans also provide emergency roadside assistance with towing, flat tyre, battery jumpstart, etc.
Note that members cannot enjoy the benefits of key insurance plans for any damages inflicted intentionally. Policy benefits are also inapplicable for commercial four-wheelers.
Read More: Ever Misplaced Your Home Key Or Car Key? Get The Best Cover Plan.
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