How To Claim Key Replacement Insurance
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How To Claim Key Replacement Insurance

  • Highlights

  • Key replacement insurance makes replacing lost keys easier

  • In the case of loss or theft, you can claim break-in protection

  • To make a claim you can call the toll-free number

  • You have to submit a copy of an FIR and receipts of expenses

While keys are being reinforced with advanced technology to improve security and performance, losing them has become even more of a hassle. This is because not only is the inconvenience greater, it is expensive to replace such keys too, whether it is a home key or one that powers your car or bike. But, if you opt for the right key replacement insurance policy, it can help you tackle such a situation relatively easily.

Typically, you can buy key replacement insurance either as a standard policy or as an add-on cover. For instance, you can buy key replacement insurance through Bajaj Finserv, protect expensive keys, and ease the cost of replacement. It offers replacement of your keys, as well as the cost of obtaining a locksmith. In addition, it gives you break-in protection limited to the cost of the locksmith, and if key replacement takes longer than 24 hours, the policy will also provide reimbursement for a rental car.

To avail these benefits, you must know the steps you need to follow to claim key replacement insurance. Take a look at what they are.

  • - When you lose your key, call the insurer at 1800-11-9966, a toll-free number. Alternatively, you can submit a written intimation letter mentioning the incident in details, within 24 hours of discovering the loss. This will allow you to access the required forms and instructions.

  • - If someone has broken into your house or vehicle, also file a police complaint within 24 hours and obtain the copy of FIR.

  • - To make a claim, you need to fill the relevant forms and submit them to your insurance provider along with the required documents. These documents include a copy of the FIR, receipts of expenses such as those of replacing locks and keys, labour charges, etc.

  • - Be sure to submit the claim forms and documents to your insurance provider within 3 days to get the reimbursement for all your expenses.


So, keep these points in mind to be able to make a claim against your key replacement policy if the need ever arises. Maintaining proper records of documents will go a long way in helping you claim the entire amount that is due to you.

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