What is a Key Insurance Claim?
A key insurance claim is a type of insurance claim that is typically used when the insured has lost or had stolen the key to a vehicle or property. Generally, the insured will be reimbursed for the cost of the key and any related costs associated with the claim. The insured may also be able to claim for any damage caused to the vehicle or property if the key was used in an attempt at theft.
What is Covered in a Key Insurance Claim?
A key insurance claim typically covers the cost of the replacement key and any related costs, such as towing fees or locksmith fees. In some cases, the insurer may also cover the cost of any damage caused by a stolen key if the key was used in an attempted theft. Depending on the policy, the insurer may also cover the cost of a locksmith to change the locks.
What is Not Covered in a Key Insurance Claim?
A key insurance claim does not typically cover any damage that occurs to the vehicle or property as a result of the key being lost or stolen. It also does not typically cover any consequential losses, such as the cost of a rental car if the insured is unable to use their vehicle due to the key being lost or stolen.
How to Make a Key Insurance Claim?
Making a key insurance claim is generally a straightforward process. The insured should contact their insurer as soon as possible after the key is lost or stolen. The insurer will then assess the claim and provide the insured with details about what is covered and what is not covered under the policy.
What Documents are Needed for a Key Insurance Claim?
The insurer will typically require the insured to provide proof of ownership of the vehicle or property and a police report if the key was stolen. They may also require receipts for any costs related to the claim.
Key Insurance Claim FAQs
Can I Claim for Damage Caused by a Stolen Key?
Yes, depending on the policy, an insurer may cover the cost of any damage caused by a stolen key if it was used in an attempted theft.
Do I Need to Provide Documents to Make a Key Insurance Claim?
Yes, the insurer will typically require documents such as proof of ownership of the vehicle or property and a police report if the key was stolen.