Britain's oldest specialist motor insurance loss adjuster estimates that vehicle thefts are now costing UK insurers £1.54billion a year, with a further decline reported in the stolen car recovery rate. Claims Management & Adjusting Ltd. Managing Director, Philip Swift, a former police detective, said, “Vehicle theft costs to UK insurers increased again … [Read more...]
Stolen to order for just a few pounds
Reasearch for Direct Line Motor Insurance reveals thieves typically secure at most five per cent of the value of a stolen car, despite the huge distress this crime causes for the vehicle owner, though it is often just 1.25 per cent. Interviews with car thieves reveal £2,000 is a typical value for a popular performance car such as an Audi S3, or a similar … [Read more...]
