Important Things To Keep In Mind While Filing A Claim
Although the add-on protects your car key against almost all-important situations, the following are excluded:
In case of theft, an FIR needs to be filed at the nearest police station.
The replaced/repaired key, lock or lockset should be of the same specifications as the ones for which the claim is being raised.
Damage to the keys and the cause should be informed to the insurance company immediately, or at the latest within 30 days of the incident.
If a key is damaged, the insurance company will bear the expenses incurred by you while replacing it.
The entire lock set will be replaced or repaired only in case of theft or burglary.
Ensure you submit the invoice or the bill for the repair/replacement to the insurance company, because without all the required documents, your claim will not get approved.
With the conventional Motor Insurance Policy, there is no particular clause that protects the keys of your car. So, in case you lose them or the lock system gets damaged, you will have to bear a huge expense, besides the enormous stress. This is where a Key and Lock Replacement coverage saves your day. It helps you get recompensed for the value of lost/damaged/stolen keys as well as the lock, in case it needs to be changed. So, for that additional layer of security, go for it!