< Key Protect Cover in Car Insurance - Get Key Replacement Cover
Close ILTakeCare Suggestion
IL TakeCare app – For all your insurance & wellness needs

Policy purchase, claims, renewal & more

Health insurance just got 18% cheaper – no GST applicable!
  • Covers expenses for repairing lost keys
  • Covers charges for locksmith
  • Easy and affordable premiums
 

What is Key Protect Cover?

A Key Protect Cover is an add-on in car insurance. It is commonly referred to as key replacement cover. This add-on covers the expenses you incur for repairing or replacing lost or stolen keys, locks and locksets, among others. You can avail this cover by paying an additional premium. Getting modern car keys replaced can be very costly. The Key Protect Cover offered by ICICI Lombard covers key replacement expenses, thereby saving you from paying the full amount from your pocket.

Benefits of Key Protect Cover in Car Insurance

A Key Protect Cover offers you several benefits. Some of them are as follows:

Saves out-of-pocket expenses

Getting a new set of car keys can be expensive. A Key Protect Cover pays for the replacement cost. It saves you from spending a big amount at once. You don’t have to worry about the sudden expense.

Shields against stress

Losing a car key can be stressful and time-consuming. With this cover, you get quick help without financial burden. It reduces your stress in such sudden situations. You can get back on the road faster.

Covers locksmith charges

Key replacement cover not only covers the expenses you incur on repairing or replacing lost keys/locks/locksets, but also locksmith charges. Note that these charges can be quite high. However, you can easily cover them with a key protect cover.

Key Protect Cover: Inclusions & Exclusions

  • Inclusions
  • Exclusions

Inclusions

The key protect covers expenses for repairing/replacing the car keys, locks and lockset, including the locksmith charges. Coverage is provided for theft/burglary/ loss, or damage to them during the policy period. For details, go through the policy wording.

Exclusions

  • In case of losses due to malicious activities or deliberate criminal acts
  • For losses or damages covered under the manufacturer’s warranty
  • Any claim where you are not able to provide the invoices/ receipts for the payments made
  • For any claim within the first 5 days of the happening of loss, except in cases related to theft/burglary
  • For any loss or damage caused by radiation, radioactive contamination or the hazardous properties of any explosive, corrosive, invasive or toxic substance or material
  • Loss or damage caused by war, invasion, foreign enemy hostilities, coup
  • Any kind of consequential losses

Important things to keep in mind while buying Key Protect Cover

There are certain vital things you need to keep in mind while buying the Key Protect Cover in car insurance. Be aware that:

  • Not more than two claims would be payable under this add-on for the policy period
  • A claim deductible of 1% of the admissible claim amount would apply for each claim, subject to a minimum of ₹250
  • A claim resulting from burglary or theft needs to be supported by a First Information Report (FIR) with the Police
  • The replaced keys/lock/lockset should be of the same nature and kind as the one for which the claim is being made
  • Any loss or damage to the keys/lock/lockset needs to be reported to the company within 30 days of such loss or damage

How to buy key protect cover online?

A key protect cover is an add-on that you can buy with a car insurance policy. To buy it online:

  • Visit our official website here
  • Click on ‘Car Insurance’ under ‘Motor Insurance’
  • Enter your details and click on ‘Get Quote’
  • Once you have the quote, go ahead to buy the policy and choose the key protect add-on
  • Pay the premium to buy the policy and get the benefit of Key Protect Cover

How to make a claim under Key Protect Cover?

To make a claim under the key protect cover:

1

Report your claim

Immediately report your losses to us. You can do so through our toll-free number (1800 2666) or write to us at customersupport@icicilombard.com. You can also use the IL TakeCare app to report your claim.

2

File a police report

File a police report of your loss. Keep the report copy with you, fill out the claims form and submit the required documents, including the police copy. You may be required to submit your repair invoice, policy copy, cancelled cheque, and other relevant documents.

3

Claim settlement

We’ll go through the documents and verify the same. We’ll settle your claim upon successful verification and pay you the expenses incurred on repairing or replacing your lost keys.

Note: This is for information purposes only. For more details, click here.

FAQs on Key Protect Cover

Does a standard car insurance policy offer coverage for lost keys?

No. A standard car insurance policy doesn’t cover the expenses you incur on replacing lost or stolen keys. You need a Key Protect Cover in car insurance if you want to recover these expenses.

Why do I need a key protect cover in car insurance?

A Key Protect Cover, also called key replacement cover, is essential as replacing or repairing car keys can be expensive. Modern car keys cost a lot. Add to it the locksmith charges and it can pinch your pocket hard. However, a key protect cover can help you easily offset such costs without dipping into your savings.

Do I need to file an FIR before raising a claim under key protect cover?

Yes. You must file an FIR with the police before you can submit a claim under key replacement cover. The FIR document can help you with a smooth claim settlement. Also, ensure that you submit all the relevant documents requested by your insurer for a hassle-free claim settlement.

Does key protect cover pays for expenses for repairing or replacing lock sets?

Yes. Typically, a key protect cover does cover expenses for repairing or replacing lock sets upon theft or burglary. That said, review the policy documents to understand the coverage scope in detail.

Hi there!

Let us help you explore and buy a new policy.

Chat now
Available 24 x 7

Error message here