Is the theft of my car’s catalytic converter covered?
Is the theft of my car’s catalytic converter covered? In 2021, there were nearly 52,000 auto catalyst thefts, according to the National Insurance Crime Bureau. Many vehicle owners are concerned about this crime wave and wonder how their insurance would respond if their cars were to be stolen.
First, we must explain what a car catalyst is. Well, the catalytic converter, as it is also known, is a piece that is part of the exhaust pipe, whose function is to reduce the polluting emissions of automobiles. This piece is coveted by thieves because inside it contains very expensive metals such as Palladium, Platinum, and Rhodium.
On the other hand, a catalytic converter repair or replacement can cost anywhere from $945 to $2,500.
If you discover that your catalytic converter has been stolen, the first thing you should do is take your car to a mechanic. It is best that you request a towing service because driving the car without this part can be dangerous.
If you have comprehensive insurance coverage -Comprehensive Coverage- you should not have problems with your insurance company covering the repair of the catalytic converter and the damage caused when removing it.
If you don’t have this coverage, you will, unfortunately, have to pay out of pocket.
To prevent the catalytic converter from being stolen, try to park in well-lit and guarded places. Whenever possible, park with the exhaust pipe against the wall. Another idea is to visit your mechanic and have him install a catalytic converter theft guard. Is the theft of my car’s catalytic converter covered?