What is a Catalytic Converter?
The Catalytic Converter is an important component of the automobile’s exhaust pipe system that helps to reduce hazardous exhaust pollutants and fumes. The converter is made with rare precious metals like platinum, palladium, and rhodium, which helps to break down the pollutants into less toxic gases before they are released into the atmosphere. The use of these converters is essential to reduce the amount of air pollution and keep our environment safe.
How To Prevent Catalytic Converter Theft
The recent increase in the value of the metals contained in catalytic converters has resulted in a surge in theft of these devices. Unfortunately, their small size and easy access make them a popular target for thieves.
It is important to take preventative measures to protect catalytic converters, such as:
- Installing gates or a fence around your vehicles
- Parking vehicles in well-lit areas
- Installing security cameras
- Installing motion sensor lights
- Installing locks around the converter
- Marking the converter with your license plate or VIN number
Additionally, it is essential to check with your local law enforcement to find out what other measures they advise.
Catalytic Converters & Insurance Claims
Business vehicles are typically covered under the comprehensive coverage of the business’s auto insurance policy, while customer vehicles parked at the business are covered by the garage keepers general liability policy.
It’s important to take preventive measures to avoid people stealing catalytic converters, as the cost to replace a catalytic converter can be very expensive, ranging from $500 to $3,000.
Fortunately, if a catalytic converter is stolen, you may be able to file an insurance claim. Our Commercial Insurance department is here for you. For more information or to file a claim, please contact our Commercial Claims Advocacy Department at (757) 500-2436 or send an email to comlines@prosper.insurance.
