Posted on 5/16/2023
Catalytic converter theft has become a big problem, causing headaches and financial losses for car owners. In this blog post, we'll explore why these thefts are happening so frequently and provide practical tips on how to prevent them. We'll also discuss insurance coverage options for catalytic converter thefts. Let's dive in! Why Are Catalytic Converters Stolen? Catalytic converters contain valuable metals like platinum, palladium, and rhodium. Thieves are attracted to these metals because they can fetch high prices on the black market. Here are a few reasons behind the rise in catalytic converter thefts: 1.1. Rising Metal Prices: The prices of platinum, palladium, and rhodium have gone through the roof, making catalytic converters a hot commodity for thieves. These metals are in demand in various industries, creating a lucrative opportunity for criminals. 1.2. Easy Access and Vulnerability: C ... read more