Key protect add on cover in two wheeler insurance

Losing the key of your bike can not only land you in financial trouble but also cause great mental stress. A regular comprehensive bike insurance policy does not provide coverage in case of loss of key. Moreover, any damages or theft of the key is also not covered. At such times, a key protect add-on comes to the rescue, providing you with coverage for the keys of your bike. For ever add on owner must have bike insurance

Earlier, in case of loss of the bike’s keys, you could easily get a duplicate set from a locksmith. However, with changing times, modern keys are hard to replicate and the only way to get a new key is to visit the service center and apply for one. In case of loss of key, the entire lock set has to be replaced.

The key protection add-on cover helps when you lose the keys of your bike. It is an important add on cover to purchase as it provides protection as it provides coverage in case of replacement or repair of the bike, you can choose to purchase key replacement add on cover along with comprehensive bike policy.

For instance, if you are traveling to the office and stop by your bike for a small chai break. When you get near your bike, you suddenly realize that the keys of your bike are missing. Either the keys are missing or stolen, and now you are stuck without a key. In such situations, you can contact the insurance company and get new keys from the authorized service center. With the key loss or protection add on, you can get coverage for the cost involved as the insurance company will pay for the cost incurred in replacement of the keys.

In case you lose your key, or damage it then you can get a new key from the authorized service center. The cost that you spend towards getting a new key will be covered by the insurance company. The add on is useful and ensures you don’t have to spend a penny out of your pocket in case the keys are misplaced or stolen.

Given below are few of the benefits of key protection add on cover:

• Keys are replaced in case of loss, damage or theft
• In case the keys are stolen entire lockset is replaced
• Availing coverage for this add on does not impact the no claim bonus
• Buying key protect add on is convenient and easy

Follow the below process to claim for key protection add on cover

• Inform the insurance company about the loss or damage of the keys or lockset
• Insurance company will assess the damages
• Claim will be successfully settled upon verification and the insurer will reimburse the replacement or repair cost

Below are various types of two wheeler keys that are usually offered by bike manufacturers

Traditional bike key: This is a type of key which can be easily replicated by a locksmith; it does not come with any security features

Remote bike key: This type of key comes with advanced features including a transponder that emits infrared or radio waves. The transponder makes it easy for the bike owner to lock or unlock the bike. In comparison to traditional keys, remote bike keys are expensive.

Flip key: This type of key can be folded and the metal part of the same flips with the press of a button. The bike can be remotely locked or unlocked using the flip key. Replacing or repairing the key can be expensive owing to its advanced electronics and mechanism.

Key protection add on cover does not provide coverage in following cases

• Loss or damage caused due to improper handling
• Deliberate or criminal act
• Loss or damage due to toxic substance, radiation, warning alarm or immobilizer
• Loss or damage which is covered by the manufacturer as a part of its warranty or service warranty
• Loss or damage is not covered if the policyholder is unable to submit the original invoice or receipts of the same