An essential replacement car insurance policy can help if you lose your original car keys. The policy guarantees payment for the cost of replacing the keys. Along with basic comprehensive car insurance, this coverage is available for purchase. This policy goes into effect if the car key is lost, damaged, stolen, or misplaced. The policy also covers the cost of lock-set repairs if it is harmed. You can now manage your insurance on the go using an app for car insurance. You can also make use of the Bajaj Allianz car insurance renewal premium calculator to check the amount of coverage needed based on your requirements
Features & Benefits Of Key Replacement Car Insurance Cover
You can get the costs you incur for repairing or replacing a new car key reimbursed by making an essential replacement claim. This policy has some incredible features and advantages, including:
- A key protection policy typically provides coverage for lost or stolen keys. Additionally, it covers the cost of replacing or repairing the critical lockset.
- It comes with an additional Bajaj Allianz car insurance premium because it is an add-on. It is therefore advised to inquire about the special payment required to obtain this coverage from the insurer.
- A limited number of claims can be made under this policy. Therefore, it would help if you handled your car keys with extreme caution. Since the policy only pays out once, you can create as many claims as are allowed.
- The claim process is comparable to a typical car insurance claim, which begins with notifying the insurer and ends with a final settlement.
Claims are subject to terms and conditions set forth under the motor insurance policy.
Terms & Conditions: Key Replacement Cover
- For a car insurance essential replacement claim, a police FIR is necessary. It is one of the important claim documents,
- As soon as a claim is made, you must notify the insurance provider.
- Only for broken or damaged car keys does the insurance company consider a replacement.
- The replacement car key, lock, or lockset must be of the same type. In the event of theft, the entire lock, set of keys, or lock will be replaced.
Claims are subject to terms and conditions set forth under the motor insurance policy.
Coverage Amounts For Car Key Replacement Add-On
- It’s unfortunate to lose your car keys. It might result in higher out-of-pocket costs. Critical replacement insurance can help by paying back the expenses incurred. The insurance provider will cover the price of purchasing a new set of keys from the showroom up to the predetermined limit.
Key and lock replacement coverage in car insurance is a beneficial add-on that shields you from the financial burden and hassle of replacing lost car keys and repairing locks. It’s a practical choice for those looking to protect themselves from unforeseen expenses. When evaluating your car insurance options, consider your individual needs and assess whether this coverage is a worthwhile addition to your policy. Depending on your circumstances, it can prove to be a valuable investment that provides peace of mind and cost savings.
Get insured anytime, anywhere! Check out the Bajaj Allianz General Insurance website to learn more and download the app now.
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
