Get the Cheapest Locksmith Home Insurance Coverage in Canada

Does home insurance cover the cost of a locksmith?

Though not a widespread practice, home insurance does cover locksmith services (including lock replacement and rekeying) – usually in the form of an add-on to your existing policy.

Some policies may already cover lock and key replacement as part of a broader category (e.g. under your total home replacement cost or under covered perils), while others may offer it as a policy add-on (at an additional cost) or a combination of both.

Lock replacement is one of the coverages few people know exists, similarly to the coverage that pays for your spoiled food if your freezer breaks down.

When would you need a locksmith?

• If you are accidentally locked out of your home
• Your key breaks, is lost or stolen
• If your locks are outdated and vulnerable to break-in
• If your locks are damaged by weather-related incidents (e.g. storms), by fire or other natural disasters covered by your policy
• If your locks are broken due to theft or vandalism (if covered by the policy)
• If you’ve moved into a new house and require new locks for safety reasons

All of the above could be covered with an add-on, depending on your insurer. Some of the above might already be covered by your current policy, such as lock replacement due to fire damage (a peril covered by most home insurance policies).

What are locksmith coverage limits?

If you have comprehensive home insurance coverage, your limit might be between $1,000 and $2,000. This mainly applies to cases in which your keys are stolen, requiring your locks to be rekeyed. Sometimes, your insurance company may need to change your locks as well to avoid a potential break-in.

Can you increase coverage limits?

Some insurance companies will allow an increase in coverage limits for an additional premium.