Lost your spare car key? Your claim might just get rejected

Lost your spare car key? Your claim might just get rejected

You insure your vehicle so that you can get financial assistance in case of repair services, an accident or any such eventuality. However, there are some situations wherein the insurer can reject your vehicle insurance claim. One of the major ones is the absence of all keys

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BusinessToday.In
  • Dec 9, 2019,
  • Updated Dec 10, 2019 11:59 AM IST

In our busy schedules and fixed routines, vehicles such as cars and bikes have become an essential part of our lives. Whether you use a bike or a car, it is extremely important to always secure your journey with valid vehicle insurance, also because it is mandatory in India as per the Indian Motor Vehicles Act.

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You insure your vehicle so that you can get financial assistance in case of repair services, an accident or any such eventuality. However, there are some situations wherein the insurer can reject your vehicle insurance claim. One of the major ones is the absence of all keys.

When you buy a car or a bike, you generally get two keys. In case of theft, when it is already hard to get your stolen vehicle back, you might also not get the required financial assistance through the claim if one of your vehicle keys is lost or has been misplaced. In such a case, you claim will be rejected, something that not many in India are aware of.

Hence, to avoid such a situation, you must carry both keys and present it to the insurer whenever they ask for it.

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When it comes to lost keys, you should inform the police and get an FIR done right away. Also, inform your insurance company about the same before going for duplicate keys. Moreover, at the time of the claim, apart from submitting both the keys to the insurance company, you must keep insurance policy details, vehicle details, and a copy of the FIR with you. Never ever go for duplicate keys and keep a key replacement rider with you to avoid unwanted situations and claim rejections.

In our busy schedules and fixed routines, vehicles such as cars and bikes have become an essential part of our lives. Whether you use a bike or a car, it is extremely important to always secure your journey with valid vehicle insurance, also because it is mandatory in India as per the Indian Motor Vehicles Act.

Advertisement

You insure your vehicle so that you can get financial assistance in case of repair services, an accident or any such eventuality. However, there are some situations wherein the insurer can reject your vehicle insurance claim. One of the major ones is the absence of all keys.

When you buy a car or a bike, you generally get two keys. In case of theft, when it is already hard to get your stolen vehicle back, you might also not get the required financial assistance through the claim if one of your vehicle keys is lost or has been misplaced. In such a case, you claim will be rejected, something that not many in India are aware of.

Hence, to avoid such a situation, you must carry both keys and present it to the insurer whenever they ask for it.

Advertisement

When it comes to lost keys, you should inform the police and get an FIR done right away. Also, inform your insurance company about the same before going for duplicate keys. Moreover, at the time of the claim, apart from submitting both the keys to the insurance company, you must keep insurance policy details, vehicle details, and a copy of the FIR with you. Never ever go for duplicate keys and keep a key replacement rider with you to avoid unwanted situations and claim rejections.

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