Key and Lock Replacement Cover Under Home Insurance

Key and lock replacement cover is an add-on which can be taken with a Home Insurance policy. It provides financial assistance should you need to replace the locks and keys of your home.

Home Insurance

Home insurance helps you protect one of the highest value assets you own- your home. Cost-effective considering the small fortune you would have invested in it, comprehensive home insurance also cover the contents of your abode.

Home Insurance Add-On

There are still other incidents which compromise security at your house, like a break-in, or loss of the key to the lock of your house. These problems may sound minuscule, but they can add up to quite the financial distress. Thus, home insurance companies have introduced add-ons, which lend you a helping hand in your time of need.

Key And Lock Replacement Cover

One such Add-on to Home Insurance is the Key and Lock Replacement Cover. There can be numerable reasons why you could need to replace your home lock and key. It may get stolen, or simply lost. There can be a burglary at your house which could leave your lock broken. Sometimes, we may lock inadvertently lock ourselves out of the house.

However, if you have opted for this add-on and there arises a need for employing a professional locksmith, the insurance company will reimburse you. The amount will be limited to the amount you pay to the locksmith or the sum assured, whichever is lower. 

Conditions apply

If there is a break-in, you have to first file a police report and produce it to the insurance company while claiming. Also, you cannot claim Lock and Key Replacement Cover for a house that is not declared in the proposal form as your primary residence.

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