 EVERY
3 MINUTES...5 SECONDS... that is how often on average
a vehicle is stolen in Canada.
Unfortunately
the threat of vehicle theft is very real, and if your
vehicle is stolen, you may face several potential costs.
If your vehicle is stolen and not recovered,
your insurance coverage may be considerably less than
the replacement value of the vehicle. If your vehicle
is stolen and damaged, you will still have to pay your
insurance deductible.
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Here's
what you should know:
- The incidence of vehicle
theft for parts or for illegal export
sale is growing.
- Customs Canada estimates
that more than 20,000 cars are illegally
exported each year.
- The number of un-recovered
vehicle thefts has increased 5-fold over
the past 40 years.
Source: Insurance
Bureau of Canada
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