Catalytic converter thefts are a rising problem nationwide and a growing problem in Hawaii. Stealing the device from an SUV or other vehicle with high ground clearance can take under one minute. The devices are desirable because they contain platinum which currently trades for nearly $1,300 per ounce. Compare this to copper, another frequent target of thieves, which trades for about $4 per pound.
Why the Interest?
A catalytic converter is a critical emissions-control device that contains precious metals more valuable than gold.
- Platinum: As high as $1,300/ounce
- Palladium: As high as $3,000/ounce
- Rhodium: As high as $29,000/ounce
It’s No Small Problem
Car lots, construction equipment yards, car rental businesses, and any business with vehicles sitting out overnight or remotely situated and unprotected are at risk, but avoiding theft should be a top priority. Replacement catalytic converter parts are costly. New catalytic converters cost $1,000 minimum plus labor costs. Businesses also suffer losses while the vehicle is out of commission, making the problem even worse.
Preventing Catalytic Converter Theft
What can business owners do to protect their assets? Protect them with 24/7 proactive video monitoring with Lifeline. Fortunately, that is exactly what this business did in this real event video clip.
See PVM in action!
Proactively Protecting Your Property
As you can see in the video, diligence is key to protecting your property. Thieves know that you can’t watch for them around the clock and since stealing catalytic converters is relatively fast and easy, they believe it to be a low-risk and high-reward opportunity. Unfortunately for the guy in our video, the property is protected by Lifeline Proactive Video Monitoring. An Intervention Specialist offered a stern warning, and that is all it took to get these intruders on the run!
If you have a large or difficult to protect property, give us a call to learn more about Lifeline Proactive Video Monitoring. With this service, you can cover more area more effectively and save on the cost of guards. (808) 548-5433