Watch Out for Catalytic Converter Thieves
It’s a dirty trick and it’s on the rise. It’s the theft of catalytic converters, which are essential vehicle parts that help to reduce polluting emissions. Thieves sell the stolen parts to scrap metal dealers. The parts from newer hybrid cars contain precious metals and get a higher price at the scrap yard.
Anita Fox, Director of the Michigan Department of Insurance and Financial Services, said that most drivers don’t have coverage for catalytic converter theft on their auto insurance policies. Comprehensive coverage is not mandatory in Michigan.
Fox warned, “Thieves can easily remove these expensive parts from cars and then sell them to recyclers for hundreds of dollars depending on the car’s make and model. In addition to replacing the expensive converter itself, the damage caused by these thefts can be extensive and may cost as much as $3,000, or more, to repair.”
Fox said that an optional comprehensive auto insurance policy can cover the damage.
There are anti-theft devices that can deter theft. Motion detecting lights and other strategies are also recommended to deter catalytic convertor thieves.
Reporting for WGRT – Jennie McClelland