A wall-mounted keysafe is a great idea for storing a key outside of your home to share access but it’s always good to check if it’s covered by your home insurance.
Knowing if your insurance policy covers how you share keys with family, friends and third parties can be a complex matter. This is because home insurance policies differ in how they assess risk in support of a claim. Whilst it’s pretty black and white that sharing a key by putting it under an outdoor mat or plant pot is not deemed to be secure, it becomes greyer when one uses a key safe. Whilst the word ‘safe’ in key safe suggests security, this can be misleading as not all key safes hold the same security standards. In fact, some key safes have no security standard at all and are more of a key box than a secure storage vault. Read our 2021 Guide to Key Safes to find out about the different types of key safes.
If you have concerns over whether your keysafe can invalidate home insurance, it is always best to check what your policy states about key safe or lock box insurance. Some home insurance policies cover locks and keys in some detail but may not expressly mention key safes in which case you should call your insurance provider for clarification.
If you’re looking to buy a new key safe and are feeling confused, don’t be disheartened: it is relatively easy to distinguish between key safes that are secure and those that are not. Here are a few things to look out for if you’re looking for additional assurances and peace of mind.
LPCB (Loss Prevention Certification Board) works with the security industry and insurers to set security standards. Key safes with an LPCB certification have been vigorously tested to make sure they are secure and perform effectively. All LPCB tested key products and compliant manufacturers are listed in their Red Book which is available online.
The standard which deals with key safe security is called LPS1175 (Issue 8 being the latest). There are different levels of security offered by the standard. We recommend that you opt for products with a minimum of LPS1175 A1 standard or above (e.g. LPS1175 A5).
The higher the number of push buttons on a mechanical key safe, the more possible code combinations you will have, making it extremely difficult to compromise a key safe by guessing a code. Opt for a key safe with at least 10 pushbuttons that also has a physical attack standard such as LPCB or Police Preferred Specification (and ideally both).
To reduce the risks of sharing keys using a key safe, the best advice is to always opt for the most secure product on the market. Currently, Supra C500 and Supra P500 key safes hold the highest security rating for a mechanical key safe. As well as featuring 12 push buttons, they have been designed and vigorously tested to meet both Police Preferred Specifications and LPCB Issue 8 A5 standard which has not been rivalled by any other mechanical key safe to date.
Supra C500 has been developed in close collaboration with UK insurance companies, with most leading underwriters recognising the below statement:
“No claim for theft from a client’s home would be compromised or prejudiced”.
As there are a wide range and levels of insurance cover, we recommend that you inform your insurers before installing your C500 keysafe and confirm that it is covered by your specific policy.
If you require further advice on how to select the best secure key safe on the market, please call us on 0330 060 0303.