Loss of Keys Extension
An extension on a car insurance policy is as the word says: some specified item, event or risk which will be covered as part of your car insurance cover that is not usually covered under a standard car insurance policy. It therefore implies that you need to specifically ask for this extension to be included in your policy. It should be stated clearly on your insurance schedule under the heading “extensions” to be valid.
Some speciality car insurance policies such as Off-road cover, Executive cover or Exotic Car cover will include this extension as part of their offering to the client. If you are insuring an ordinary car and you want this extension you need to ask for it, and you will pay a small additional premium for the extension. Loss of key extension will always have a limit in rand amount.
Should you lose your keys and you have this extension the insurance company will carry the cost of replacing locks and keys, including the remote alarm controller. If required it will also pay for the reprogramming of any coded alarm system. If you suspect that an authorised person may be in possession of a set of duplicate keys to your car you can also claim to have the keys replaced.
Any loss of key extension will be subject to the maximum limit set in your schedule and is also subject to the payment of the applicable excess amount.