car key insurance

Car key insurance is a policy that reimburses you for the cost of replacing a car key if you lose it. It provides a peace of mind knowing that you can handle a crisis with confidence. There are several types of policies and they differ in cost and coverage. Choosing the right one is crucial for a good insurance policy.


When you have a lost car key, you’ll want to call your auto insurance provider for a replacement. Most policies cover lost keys, and they usually cover the cost of a new one, too. However, if your car key is stolen or damaged, your insurance policy might not cover the replacement costs.

The cost of car key insurance will depend on several factors. These include the type of car you own, its age, and whether you already have a motor insurance policy or if you want to add the cover. The price of the car also plays a role. Older vehicles like sedans and hatchbacks will cost the least to replace, while newer, ultra-modern cars will cost more.

Car key insurance can be purchased from many insurance providers in India. It costs about $300-800 per year to replace a lost car key, and it can save you from spending a lot of money at the auto repair shop. In addition, it’s less expensive than a comprehensive four-wheeler insurance policy. You can purchase car key insurance online or in-store.

If you have a policy with Key Replacement Cover, your insurer will reimburse you for the cost of a replacement key, lock repair, or other costs. You may be required to submit a First Information Report to the police to prove the theft and to get your claim processed. In addition, the replacement key needs to be of the same type and nature as the lock.

You may also consider getting a smart key, which is a remote keyless ignition system. A smart key requires a waiting period and may cost $250-$300. This cost does not include the cost of towing the car to the car dealership. However, if you don’t have a spare key, you may have to tow the vehicle to a dealership for replacement. Towing the car can cost up to $1,000.


Car key insurance coverage allows you to claim compensation if you’re locked out of your vehicle and need a replacement key. It also pays to replace any broken or lost locks or locksets on your vehicle. It does not affect NCB eligibility and can be purchased online or when renewing your car insurance.

Car key insurance coverage can pay to replace smart keys or any other type of car key that you lose or damage. Some policies cover key replacement automatically, but some may require you to add a separate rider. Check your policy carefully before filing a claim. Car key insurance coverage is an important part of your vehicle insurance, so make sure you have enough coverage to replace a key in case of an accident.

You may have other types of insurance coverage for your car, such as breakdown cover or roadside assistance. However, it is important to remember that many car insurance policies do not cover the cost of a replacement key, and that your car’s warranty may cover this cost. Check with your car’s dealer and warranty company to ensure you’ll be covered.

The cost of replacing a lost or stolen car key can be very expensive, so it’s important to have comprehensive coverage. A comprehensive policy will include this coverage as an add-on. You’ll also get peace of mind knowing that you won’t be on your own when it comes to arranging a replacement.

Claim process

If you’ve ever lost a car key, you might be wondering if you can get a replacement for it through your insurance policy. You can, and it can save you thousands of rupees. Here’s how to make a claim. First, you need to contact your insurance company. They’ll send a claim adjuster out to inspect the damage.

Whether your car’s lock was broken or stolen, the replacement cost will be covered under the policy. In most cases, it will cover the cost of a new lock and key set. In addition, a police FIR must be filed to support your claim. You’ll also need to be notified within a specified period of time. This is usually 30 days. The policy will also cover the replacement of a broken key or the entire lockset.

To claim for a new key, you need to submit an FIR, and your key should match the lock and lockset on the car. If the key is broken, the insurance company will replace the entire lock with a new key and lockset, and will reimburse you for the cost of the new set. If the key is stolen because of a malicious act, the insurance company will deny your claim.

A police FIR is needed for a car key insurance claim. Once the FIR is filed, you will need to submit a claim form, along with the necessary documents. The insurance company will review your documents and process your claim. Once the claim is approved, you can expect to be reimbursed within the specified time period. Alternatively, you can opt for cashless settlement at a garage network.

Waiver of deductible

A waiver of deductible is a clause in your insurance policy that says that you don’t have to pay the deductible if a covered event happens. It’s common in auto, home and health insurance policies. You can ask your agent if your car insurance policy has a waiver option. In some cases, the waiver will cost a little more than the deductible you’d pay otherwise.

Waivers vary depending on the type of insurance policy you have and the company you buy it from. Some policies include a deductible waiver as long as the loss exceeds a certain amount, such as $50,000. However, other policies only waive the deductible after a certain amount of loss, such as $10,000 or $25,000. The insurance company will determine how much to waive based on its target market.

Some insurers may waive a deductible if the car key is stolen, as long as the car is recovered. If the keys are still in the car, you’ll need to file a claim with your insurance company, and they may pay for your replacement keys. However, if you have a high deductible, it may not be worth it to file a claim.

Another type of waiver is a collision deductible waiver. This will cover you if you get into an accident with an uninsured driver. You’ll have to pay an additional monthly cost for this type of insurance, but you’ll save yourself a thousand dollars in the end.

Some auto repair shops will waive the deductible for their customers. This is a way to reduce their costs while still protecting the customer. You’ll save money and get the same service as if you were to pay your deductible in full. You’ll get 24-hour emergency help and can even get a $200 reimbursement on the difference between your car’s actual cash value and your loan balance if you’re insured for the difference.