Stolen Car Keys and Coverage under the PAP

December 6, 2011

The claim is simple. A car was broken into and the insured's purse was stolen. In the purse was a set of car keys (one ignition key and one valet key). The insurer is willing to only replace the one set of stolen keys. The insured had two other sets to the car. Our questions are as follows: if the insured purchased the car with multiple sets of keys are they not considered part of the overall value of the vehicle, similar to a spare tire in the trunk; if the second set of keys is part of the auto, and there is a loss of its use value due to a covered incident, would not the company be obligated to replace this set as well?