Losing your home or vehicle key is a common situation that you can find yourself in often. Hence, for such an unforeseen situation, you must opt for a key insurance plan. This plan is available for as low as Rs. 749 per year. You can use this reimbursement money to cover the key replacement charges and fees of the locksmith as and when required.
In recent times, sophisticated lock technologies are preferred over conventional locking systems. This is so because they offer greater safety and can be easily customized according to an individual's needs. So if this system gets damaged, you might have to pay an enormous amount to have it repair. However, you can cover the entire cost of the lock replacement system as well as the locksmith charges by simply purchasing key insurance for just Rs. 749 per year.
Here are the reasons why this plan is a must have:
Steps to apply for a key insurance plan are as follows:
The inclusions of a key insurance policy are as follows:
You can make a claim of this pocket insurance if your car or home key is lost or stolen to have a new key made.
If there is a break-in to your home or personal vehicle, you can claim this policy to cover key replacement and lock changing charges.
You can get coverage on the locksmith charges under this policy if you get locked out of your home or car.
You can claim a reimbursement if the replacement process of your vehicle’s lock exceeds 24 hours and you need to rent a car for your journey.
The specifications and plan details of the policy are as follows:
You can receive coverage of up to Rs. Rs. 60,000.
The validity of this policy is just 1 year.
You can get this insurance for as low as Rs. 749/year.
A few exclusions of this plan are as follows:
You cannot claim this policy in case you lose the keys of a commercial vehicle and are looking to replace the same.
You will not be eligible to make a claim if you intentionally lose or damage the keys due to ignorance.
The replacement of the keyless FOB/remote key is relatively more expensive than conventional key systems. FOB keys or remote keys generally operate on a computer-generated code. This code is unique for each vehicle. Hence, you need specialized tools if you are replacing this key system which requires excess time, cost, and labour. Due to this reason, you will need a lot of money to repair them.
For making a claim, you can opt for the following:
For key replacement claims:
You can call 18002667780 or 1800-22-9966.
You can send an SMS to 5616181 writing 'CLAIMS.'
For emergency travel claims:
You can write an email to email@example.com stating your queries.
You can call place a call on the toll-free number 1800-419-4000.
The essential documents for raising a claim are as follows:
A membership letter from Travel safe
An original copy of the FIR confirming the theft
A copy of the invoice reflecting a new key purchase
You can claim only the amount that you had to pay the locksmith to get a new key made as a replacement for the old one.
No. You can only make a claim to cover the cost of the key and not the lock.
You can pay the money using your credit or debit card or using any of the several online payment wallets.
No. You cannot extend a key insurance plan after 1 year. To continue enjoying the same benefits, you have to repurchase the same policy after it expires