Lost Your Car Keys? Here’s How a Lock & Key Replacement Add-On Can Help

Most buyers purchase car insurance in a view to comply with the law. However, it can be used for much more than that. With two types of plans to choose from, a third-party or a comprehensive cover, selection of the policy depends on your requirement and estimation of the risk.

Car Keys

A third-party cover is the bare minimum that you need to buy. It ensures protection from legal third-party liabilities. Though, it falls short when it comes to insuring against the damages to your car. A comprehensive policy is preferred for such events. With a comprehensive four wheeler insurance cover, you can not only cover the damages to your car, but also customise it with help of add-ons. One example when you lose your key is where an add-on cover comes handy.

What is lock and key replacement add-on?

Losing a key was once not so horrid, but with advanced technologies now integrated into the locks and keys of your car, it may burn a hole in your wallet. Keys, once upon a time, were pieces of metal with ridges to match the mechanical combination of the locks, but not anymore. Modern day cars have electronic keys. They have an electronic code embedded within them that match the lock of your car. While a remote based key is common for modern cars, some high-end luxury and sports cars even have Keyless Frequency Operated Button (FOB) technology. Here the sensors in the lock detect the key in its vicinity and unlocks the car. Ignition can also be controlled with these keys.

If you happen to misplace the keys with technology integrated in combination to function with the mechanical aspect, it is going to break your bank, just for a small key. A key replacement add-on in your four wheeler insurance policy helps you take care of such expenses in case there is a damage to the lock and you’re unable to access the car. In addition, risks of theft damaging such locks rendering the key useless are also covered under this add-on facility. Since the key replacement is an add-on facility, it is an additional factor that contributes to your car insurance prices.

However, you need to remember there are a few exceptions when it comes to this add-on cover:

  • Any deliberate act of the insured is outside the purview of insurance coverage.
  • The manufacturers coverage for warranty are excluded by the insurance company.
  • Any absence of valid document for the cost of repairs cannot receive a reimbursement.
  • Damages caused by radiation or hazardous elements are not covered.

With that explained about what is covered by the key replacement add-on, here’s how you can raise a claim in three simple steps:

Step 1 – First thing is you need to mend your lock or get it replaced for your existing key. The new lock and key must be of the same type.

Step 2 – A copy of the repairs invoice acts as an evidence for repairs or replacement that is required to be submitted to the insurer.

Step 3 – The insurance company will reimburse the cost subject to the terms of the add-on cover.

You can make use of a car insurance premium calculator to estimate its impact on the premium. To conclude, a lost or damaged modern car key can cost you no less than couple of thousand so having the protection of one helps to stay protected. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.


Alcohol scholar. Bacon fan. Internetaholic. Beer geek. Thinker. Coffee advocate. Reader. Have a strong interest in consulting about teddy bears in Nigeria. Spent 2001-2004 promoting glue in Pensacola, FL. My current pet project is testing the market for salsa in Las Vegas, NV. In 2008 I was getting to know birdhouses worldwide. Spent 2002-2008 buying and selling easy-bake-ovens in Bethesda, MD. Spent 2002-2009 marketing country music in the financial sector.