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5 Reasons You Must Buy Key Replacement Insurance

  • Highlights

  • Key replacement insurance offered by Bajaj Finserv covers loss of your home or car keys

  • You can claim expenses pertaining to procuring a locksmith as well as labour charges

  • You can claim either by calling on toll-free number or by sending an intimation letter

Development in technology has led to advancement in the keys that you use for your home and car. Nowadays, keys come with remote locking systems, trunks and ignitions. There may be a situation where you are urgently leaving for a meeting and you lock your door without taking keys or lose your car keys. In such cases, you need urgent help and are likely to spend a considerable amount of money to get a replacement quickly.

Bajaj Finserv brings to you key replacement insurance to protect your keys when they are lost, damaged or stolen. You just have to call at the toll-free number or write an intimation letter within 24 hours to recover the loss.

Take a look at 5 reasons why this policy is the best in the market.

Offers alternate transport when needed

There may be a situation when you have lost your car keys and their replacement is taking longer than 24 hours. In such a case, if you have key replacement insurance, then you can claim expenses pertaining to the cost of a rental car.

Offers duplicate keys

In case your keys are lost by theft or are stolen, you will need to create a duplicate key. When you have opted for key replacement insurance, you can get coverage for creation of duplicate keys for your residence or vehicle.

Offers coverage for labour expenses

You can seek coverage for labour expenses if you have opted for key replacement insurance. In case of loss of residence or car key, the cost of the locksmith is covered under this policy, as is the cost of arranging for a locksmith when you are locked out of your home or car.

Offers break-in protection

If someone breaks into your vehicle, key replacement insurance also provides coverage against this. The limit for this coverage extends to the cost of a locksmith’s services.

Offers an easy claim procedure

If you think that claiming key replacement insurance is a cumbersome process, you’re in for a pleasant surprise. Insurance providers have made it very easy for you to claim reimbursement for the expenses that you have incurred. When you buy this policy via Bajaj Finserv, for example, you just have to dial their toll-free number or send a written intimation to make a claim. Along with the claim form, you have to submit any bills that detail the expenses that you have incurred, as well as a copy of the FIR that you must file at your local police station within 24 hours of the incident.

Having key replacement insurance gives you a sense of security and its additional benefits such as coverage for a rental car and quick reimbursement system make it worth the one-time investment.

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