Protecting your car: Guarding a coveted component from thieves. Did you know your car is equipped with a component that is highly sought after by thieves? We’re talking about the catalytic converter, tucked just before the exhaust pipe, responsible for filtering harmful gases produced during your vehicle’s operation.
Criminals target these parts because they’re crafted from an alloy of precious metals like platinum, palladium, and rhodium. Each converter can fetch between $400 and $1,000 on the black market. It’s quick money for specialized thieves who can cut a catalytic converter off a car in two or three minutes.
Beyond the distress of being a victim of theft, the replacement cost for this component ranges from $900 to $4,000, depending on your vehicle’s make and model.
Now, you might wonder if your auto insurance covers the catalytic converter. Well, you have the minimum insurance required by Florida law. In that case, Property Damage Liability (PDL) and Personal Insurance Protection (PIP)—and your catalytic converter is stolen, you’ll have to foot the replacement bill.
However, a different story unfolds if you have comprehensive coverage. In that case, your insurer will cover the damage, but you’ll still need to cover the agreed-upon deductible.
To safeguard your vehicle from thieves, whenever possible, try to park in a garage. If street parking is your only option, choose a well-lit area close to a building’s entrance or exit—better if it has surveillance cameras. Position the rear of your vehicle close to a wall to make it harder for thieves to access the converter.
Consider installing a car alarm or investing in one of the various converter theft prevention devices available in the market. If you have any uncertainties, give your Univista Insurance agent a call. They can guide you on better protecting your car and whether adding comprehensive coverage to guard against theft makes sense. Protecting your car: Guarding a coveted component from thieves.
Call us today for a complete assessment! (305) 985-4126. You can also get a free quote here.
