It is estimated that 16% of people lose their ignition keys each year with 3 million people not having a spare key.

The cost of replacing car keys can be around £250 due to needing a specific chip which is compliant solely with the vehicle’s immobiliser. Our scheme will cover you should the keys be loss or stolen.

Key insurance cover details

What’s covered
  • Cover up to £1,500 in respect of:
    • Replacement keys
    • New locks
    • Locksmith charges.
What’s not covered
  • Any amount above the limit shown on your schedule (£1,500).
  • Claims made within the first 14 days of inception of the policy.
  • Keys lost or stolen from anyone but the policyholder.
Optional cover
  • No optional covers.
Ways to trade
  • Schemes – Build your business by offering bespoke personal lines insurance which meets your customers’ exact needs.

Explore the Key insurance market

Market information
  • In 2016 a study conducted on 2000 people found keys were the most misplaced item in the UK.1
  • Someone else's home, the sewer/gutter and on holiday are 3 of the most common places to lose keys.2
  • During the London 2012 Olympics, a set of master keys was lost for Wembley Stadium. Replacing the keys and locks cost tens of thousands of pounds.3

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