Liability insurance covers the cost of replacing keys belonging to third parties, such as landlords, including keys to apartments, cars, and safes. It also covers lock replacement costs if needed for security reasons. However, locksmith fees for breaking into a property when keys are lost are not covered.
What keys does liability insurance cover if I lose them?
Liability insurance covers the cost of replacing keys that belong to a third party, such as a landlord or employer. Covered keys include:
Master or main keys for central locking systems
House and apartment door keys, including garage, cellar, mailbox, and adjoining room keys
Hotel room keys
Safe and locker keys
Car keys, including rented vehicles
Bike keys
Furniture keys
Workplace keys
Code cards for electronic locks
Does liability insurance cover changing locks if keys are lost?
If the third party needs to change the locks for a genuine security reason because the keys were lost, liability insurance will cover the cost of changing the locks.
Are locksmith fees covered if I lose my keys and am locked out?
The policy does not cover costs for a locksmith or other service to break into or unlock a property if you lose or misplace your keys.