Key Protection Cover add-on

• 29 Jun 2023

A key protection add-on cover in car insurance is an optional coverage that provides financial assistance in the event of lost, stolen, or damaged car keys. It offers benefits such as key replacement, lockout assistance, and locksmith services. Here are some key points to understand about key protection add-on cover:

1. Key Replacement: If your car keys are lost, stolen, or accidentally damaged, the key protection cover will typically cover the cost of replacing the keys, including electronic key fobs, transponders, and remote locking systems.

2. Lockout Assistance: If you accidentally lock your keys inside the car or lose them while away from home, the key protection cover may provide lockout assistance. This can involve arranging for a locksmith to help you gain access to your vehicle or covering the cost of locksmith services.

3. Lock and Ignition Replacement: In case your car keys are stolen, some key protection add-on covers may also cover the cost of replacing or reprogramming the locks and ignition system to ensure the security of your vehicle.

4. Coverage Limits and Deductibles: Key protection add-on covers usually have coverage limits and deductibles. The coverage limit refers to the maximum amount the insurance company will pay for key replacement or locksmith services. The deductible is the portion of the cost you are responsible for paying before the insurance coverage kicks in.

5. Exclusions and Conditions: Like any insurance coverage, key protection add-ons may have certain exclusions and conditions. These can vary between insurance providers, so it's essential to carefully review the policy documents to understand the specific terms and limitations.

6. Cost and Availability: Key protection add-on covers typically involve an additional premium on top of your regular car insurance policy. The cost can vary depending on factors such as the insurance provider, the type of car, and the level of coverage you choose. Not all insurance companies offer key protection add-ons, so it's important to check with your insurer if this coverage is available.

It's worth noting that key protection add-on covers are optional, and you can choose whether to include this coverage in your car insurance policy based on your needs and preferences.