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Key insurance scheme launches

A new key insurance scheme has been launched for buy-to-let landlords and homeowners by Discount Insurance.

The insurance broker has joined forces with Keycare, a specialist in the recovery of lost and stolen keys, to be its exclusive provider of key insurance.

The policy offers its landlord and consumer customers:

-          Peace-of-mind cover for up to £1,500 for replacement of any lost or stolen keys, including call out charges and costs

-          Quick access to help and support via a 24-hour assistance line

-          A nationwide network of locksmiths delivering a quick, reliable, high-quality service

-          A white labelled branded key fob, which offers a £10 reward for finders.  The branded fobs generate up to a 40% recovery rate for lost or stolen keys

Steve Verrall, director of Discount Insurance, said: “Losing your keys can cause great anxiety and inconvenience, so the peace of mind that this cover offers is significant.

“We chose Keycare as the insurance provider because of their experience and knowledge working for the likes of Endsleigh and for their knowledge of insurance in the buy to let sector.  They also have a reputation for exceptional claims and customer service.”

David Robertson, CEO of Keycare, added: “Whether you are the person living at a property or a landlord, the inconvenience and anxiety of losing the keys to your property are immeasurable, but the cost alone is reason enough to see the value in key insurance.

“The average cost of a locksmith call out and replacement today is often more than £228, and given that nearly half [40%] of us have lost our keys in the last five years, we know that customers value our product very highly. It’s a relatively low-cost way for insurers and brokers like Discount Insurance to improve customer loyalty and goodwill.”

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