Is a stolen catalytic converter covered by insurance?

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Auto theft is a growing problem in the Greater Toronto Area, and many people with high-end vehicles fear they are a target.

But as thieves steal catalytic converters by cutting them from cars, it doesn’t matter how old your vehicle is or what condition it is in.

“Honestly, I thought I would be safe from all this car theft because my SUV is 16 years old – but apparently not,” said Calida deJong of Etobicoke.

deJong said his 2006 Honda CRV, which has nearly 200,000 miles on it, was parked in the family’s driveway when thieves came overnight, snuck under it and cut off the exhaust system and converter catalytic.

deJong said as soon as she started her SUV, she knew something was wrong because it was extremely loud and smelly and when she took it to her mechanic, she was told the system was wrong. exhaust and catalytic converter were missing.

The catalytic converter is attached to your vehicle’s exhaust system to help control pollution and contains precious metals such as rhodium, platinum and palladium that thieves sell on the black market.

While thieves can only get $200 to $300 for a stolen catalytic converter, for the vehicle owner who needs to replace it, it can cost thousands of dollars for parts and labor.

“$4,500 just for parts and there will be additional labor costs,” deJong said.

To make matters worse, deJong’s car insurance policy won’t cover theft or repairs, because to save money on insurance, she only had liability insurance which doesn’t cover theft. car or theft of auto parts.

“I only have liability coverage, not comprehensive, so they won’t cover anything,” deJong said.

The Insurance Bureau of Canada (IBC) has stated that you need comprehensive insurance to cover vehicle theft, theft of parts, or if your vehicle is damaged in a storm.

Anne Marie Thomas of BAC said liability insurance does not cover these situations.

“Things like a tree falling on your car, someone vandalizing your car, or someone stealing your car wouldn’t be covered if you only had liability insurance,” Thomas said.

deJong used to use his SUV to get to work helping people with disabilities on sailing trips, but now that he’s no longer fit to drive, she takes public transportation and she’s not sure if she’ll take the car. hard to fix it.

“I prefer to give them [the thieves] $300 than having them steal a coin that’s worth more than $4,000. It’s just a huge pain and not enough gain for the pain it’s causing,” deJong said.

To try to stop this type of theft, you can park your car indoors if you can or in a well-lit area with security cameras.

It is a crime that happens quickly because thieves can cut a catalytic converter from a vehicle in less than a minute.

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