What takes 45 seconds and can cost up to 2500 pounds?
24 July 2012
The link between criminal activity and rising insurance premiums is never too far away from the press. This article from the UK Business Insurance Broker, Northern Counties Insurance, looks at one of the UK's fastest growing vehicle crimes and gives you some advice to help stop you from being a victim.
Thieves can remove a Catalytic Converter in just over 40 seconds, they often use a cordless saw and sell this for scrap for up to £150 due of the platinum and other precious metals they contain.
You could end up paying £2500 to get your vehicle repaired due to being disabled and the exhaust damaged. Not only is it a major cost to you, you lose use of your vehicle and it could result in increased insurance premiums. High clearance vehicles, such as pickup trucks and 4x4s, are the most likely to be targeted due to the space between the vehicle and the ground, this allows more space for the thieves to maneuver underneath.
Manufactures are now creating various different Catalytic Converter protectors such as alarms, cages, clamps and wires, all to deter thieves as well as make it virtually impossible for them to remove and steal the device. The top tips are: • Park your vehicle in a garage or on a fenced drive where possible • Park in well lit areas • Park your fleet vehicles in a locked compound or car park • Park where there are traffic attendants or CCTV • Etch your VIN number into your Catalytic Converter with an etching kit to make it easier for the police to recover and return it, as they can prove it's stolen • Park low clearance vehicles around high clearance vehicles to make an obstruction • Invest in one of the many Catalytic Converter protectors If you are in doubt as to whether you are covered speak to your insurance broker.
For further information about the claims facilities available at Northern Counties, simply visit the Claims Management section of their website or call their in house claims manager, Phil Lakey on 0191 482 1219.
Other Press Releases By This Company
- 25/01/2019 - The potential of cloud technology to transform the motor insurance landscape
- 25/01/2019 - Getting smarter in the workplace
- 25/01/2019 - Pottery Firm Becomes Latest Target of Increasing Cyber Attacks
- 25/01/2019 - How Business Continuity is moving towards the cloud
- 10/04/2017 - Cyber Risk Calculator Launched to Help Businesses Calculate Data & Cyber Risks
- 10/01/2017 - Supply Chain Risk Management
- 05/01/2017 - 2017 Forecast for Motor Traders
- 21/12/2016 - Top tops for staying safe in the storms this Winter
- 16/12/2016 - Top Tips for Starting a New Business
- 09/08/2012 - Commercial Kitchens Fire Safety Advice
- 09/08/2012 - Directors and Officers Insurance - 10 Reasons Why You May Need It
- 24/07/2012 - The Secret to Donation Success for UK Charities
- 24/07/2012 - Why Are More Injury Claims Made When They Are Less Accidents?
- 19/07/2012 - Why Rain Equals Pain for UK Home Owners
- 19/07/2012 - How to Help Stop Your New Business Failing
- 19/07/2012 - Flooding and How You Can Reduce Damage
- 09/11/2011 - Budding Nursery Owners Reveal Their Worst Nightmares
- 09/11/2011 - Commercial Insurance Specialist Joins Northern Counties
- 09/11/2011 - Insurance Claims Specialist Appointed to Head Leading Brokers Claim Division
- 09/11/2011 - Staff the Key to Success for Region’s Business Insurance Broker
- 13/10/2010 - UK Businesses Offered Risk Free Way to Increase Profits
- 13/10/2010 - North East set to become UK Charity Insurance Capital
- 13/10/2010 - Staff Key to Success for North East's Leading Insurance Broker
- 15/12/2009 - Nursery Insurance and the questions to ask when buying
- 09/12/2009 - Nursery Insurance – how to get the very best deal
- 30/10/2009 - Top tips for buying community group insurance
- 27/10/2009 - Trustee Indemnity Insurance - how to protect charities trustees
- 27/10/2009 - Secrets finally revealed to cheaper motor trade insurance
- 26/10/2009 - Why you need trustee Indemnity Insurance
- 26/10/2009 - Essential tips for buying small charity insurance
- 23/10/2009 - The changing face of charitable gifts
- 22/10/2009 - Amazing facts that affect our children everyday
- 22/10/2009 - Risk Management advice for UK charities
- 20/10/2009 - What makes something the best in the world?
- 19/10/2009 - Why smarter charity promotion is needed
- 19/10/2009 - Online help for small charities hits the UK
- 15/10/2009 - Nursery insurance and why expert advice is essential
- 15/10/2009 - Is the gift of giving falling as christmas approaches?
- 14/10/2009 - Identifying risks in the charity world
- 14/10/2009 - How much should nurseries be paying for insurance?
- 14/10/2009 - Essential tips for running a small charity on a budget
- 13/10/2009 - Church insurance and why religion is becoming a risky business
- 13/10/2009 - Community group insurance experts explain the secrets to success
- 06/10/2009 - Charity insurance - the secrets to getting yours for less
- 06/10/2009 - Charity insuranceb brokers NCI explain why charities must embrace technology
- 06/10/2009 - Charities and their fight for survival
- 06/10/2009 - Charity insurance experts explain why charities are becoming twits
- 02/10/2009 - Charity Insurance – the questions to ask when looking for cover
