Insurance For Car Keys
According to the rac around 16 million drivers regularly misplace their keys.
Insurance for car keys. What we found was that while replacement car keys are not covered under car s warranty most insurance companies do offer at least a partial reimbursement for lost or stolen car keys usually up to 150 200 of the total cost. When you have a smart car that comes with a smart key it sounds great. Average replacement costs range between 300 to 500 so having valid insurance cover could prove very useful. Replacing lost car keys is an expensive business.
The overall cost of replacing car keys across the uk is a staggering 180 million. Some will include it as standard some will offer it as an optional extra and others won t cover it at all. While lost car keys aren t necessarily covered by car insurance most policies will provide some coverage if your keys are stolen. The key will give you the power to start the ignition trigger the alarm and disable the engine by pressing a button.
Car key insurance covers the costs of getting a new set of keys. What is key cover. The insurer can ask you to submit the two car keys before processing the insurance claim and if you fail to do so your claim can get rejected. Key cover or car key insurance is an add on to your car insurance policy that protects you if you lose your keys or if they re stolen.
Does homeowners insurance cover car keys. Absent optional physical damage coverage such as comprehensive or collision metlife would refer the customer to their homeowner policy to determine if coverage under their personal property protection exists says rick ward director of auto claims for metlife auto and home in providence ri. In addition we found out that aaa also covers between 50 150 with certain memberships. The maximum amount insurers would pay out to replace your car keys varied a lot so carefully read your policy to find out what you re covered for only 22 would pay out 1 500 or.
If you claim insurance for your car in case of theft but don t have all the car keys you may not get your claim. If outfitted with a laser switch blade or smart key you can expect to pay exorbitant replacement costs. Not all comprehensive car insurance policies will cover lost car keys. If you lose your keys a basic auto insurance policy will not pay to replace your keys a policy that includes comprehensive coverage may pay to replace your keys if your car is stolen and recovered losing your car keys can be one of the most frustrating things in the world especially when you re in a hurry to be somewhere.
Of 349 comprehensive car insurance policies 59 would cover you as standard if you lost your keys and 89 of policies will cover you if your keys are stolen. Comprehensive insurance generally includes coverage for stolen keys providing a benefit to help cover the cost of replacing or recoding the keys and locking mechanisms of your vehicle. Because car keys are often quite sophisticated this might take some time so some insurers might also provide you with a courtesy car until your new keys are ready.
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