With vehicle theft a concern, many drivers are looking for effective ways to better protect their vehicles. Installing an advanced security system naturally raises questions about its impact on an auto insurance policy. The IKS security system, designed by OLIJEL, prioritizes protection over tracking through intelligent immobilization. But what does this mean when dealing with your insurer? Here are documented answers to the four most frequently asked questions about the IKS anti-theft system and insurance.
1. Can installing the IKS system lower my insurance premium?
Possibly. Some insurers recognize IKS as an anti-theft device. However, this recognition does not automatically mean you will receive a premium discount.
Conditions and potential benefits vary depending on the insurer, the policy and each policyholder’s circumstances. We therefore recommend contacting your insurer or broker directly to find out whether installing IKS could qualify you for a benefit.
2. Do I need to tell my insurer that I have installed IKS?
Requirements may vary depending on the insurer and the insurance policy. We recommend letting your insurer or broker know that you have installed IKS, particularly if you want to find out whether the system can be recognized on your policy or qualify you for a benefit.
Your insurer can confirm whether your policy requires a declaration or any specific documentation.
3. Do you provide an IKS installation certificate?
Yes. An installation certificate can be provided to confirm that the IKS system has been installed in your vehicle. This document can then be sent to your insurer or broker upon request.
4. Is IKS still worthwhile if my insurer does not offer a discount?
Yes. IKS is designed first and foremost as a theft protection solution. Its primary purpose is to help prevent unauthorized use of the vehicle through its immobilization system.
A premium discount, when offered by an insurer, is an added benefit. It is not, however, the primary function of IKS.
If your insurer would like more information about the system, you can send them your installation certificate or refer them to OLIJEL.
Theft Protection and Insurance Discounts: Two Distinct Benefits
The primary value of IKS lies in prevention. Through start authorization and intelligent immobilization, the system is designed to intervene before a vehicle can be used without authorization, rather than relying solely on tracking it after a theft. Any potential premium discount is therefore an added benefit, not the main value proposition of IKS.
To find out whether installing IKS could qualify you for a benefit, contact your insurer or broker directly. To learn more about IKS or obtain documents related to your installation, contact the OLIJEL team.