My car keys were stolen last night when my roommate accidentally left our apartment door unlocked. Fortunately, my car was left untouched, but the police suspect it’s a case of neighborhood teens acting up, and they think it’s likely my car could be targeted soon. I’ve looked into rekeying my car, but it’s costing a lot more than I anticipated, especially since my car is older and not particularly high-end.
I initially thought my renter’s insurance might cover the rekeying, but it turns out that I needed comprehensive car insurance for that. Now, I’m wondering if I add comprehensive coverage at this stage, would the fact that my keys were reported stolen affect my ability to file a claim if my car ends up getting stolen after I get the coverage? I still have my spare key, and it seems more economical to pay for comprehensive insurance for a few months rather than rekeying the car entirely.
I definitely don’t want to risk committing insurance fraud, and I want to make sure that adding comprehensive coverage now would actually protect me in this situation. I’d appreciate any advice!
It’s great that you’re thinking carefully about your options and the implications of your insurance decisions. Since your keys were stolen and you are considering adding comprehensive coverage now, there are a few things to keep in mind:
Insurance Fraud Concerns: It’s good to hear that you’re concerned about doing the right thing. Generally, insurance fraud involves knowingly misrepresenting facts to gain a benefit. Adding comprehensive coverage after your keys were stolen with the intent to claim should your car be stolen can be seen as suspicious behavior, especially since the theft was already reported.
Insurance Company Policies: Each insurance company has its own policies and guidelines regarding coverage. Many policies have waiting periods or exclude coverage for known issues. Since the theft of your keys was reported, it’s possible that your insurance provider might consider this when assessing any claims related to your vehicle.
Comprehensive Coverage: Adding comprehensive insurance might protect you against various risks, including theft. However, if your keys were stolen prior to obtaining the coverage, and you do not rekey the car, the insurance might not cover a claim related to the stolen vehicle, as they could see it as a pre-existing condition.
Consult with Your Insurance Agent: The best course of action would be to have a frank conversation with your insurance agent. Explain your situation and ask specifically how the theft of your keys impacts your potential comprehensive coverage and claims. They can provide the most accurate information based on your policy and circumstances.
Rekeying Options: If rekeying is significantly more expensive, consider getting quotes from multiple locksmiths or looking for mobile locksmith services that may offer competitive pricing. Sometimes, dealerships or other services can provide cheaper solutions for older cars as well.
Overall, it’s crucial to be transparent with your insurance company and to fully understand any policy changes you consider. Good luck, and I hope you find a solution that works for you!