Automotive Theft Protection – Brad Deery Motors
Automotive Theft Protection
Protective Asset Protection’s Theft Deterrent Protection Product utilizes a unique and traceable vehicle identifier that can be used by law enforcement agencies to help recover your vehicle if it is stolen.
10 Facts About Auto Theft*
1 One of the fastest growing crimes in the United States
2 On average, 721,783 vehicles are stolen in the U.S. per year
3 One out of every 45 registered vehicles is stolen or looted
4 Approximately $5.1 billion per year is lost to motor vehicle thefts on average in the U.S
5 95% of auto theft is committed by organized crime
6 Most cars have their parts sold to illegal “chop shops”
7 Vehicle thefts increase 3.1% yearly on average
8 A car in the U.S. is stolen every 45 seconds, on average
9 Auto insurance will often not adequately cover all costs associated with theft (i.e. insurance deductible, payoff deficiencies as well as taxes and fees on the replacement vehicle)
10 Consumer spending on theft prevention products has risen dramatically in recent years
* Data Source: www.fbi.gov based on three-year average from 2014-2016
If the covered vehicle is stolen, recovered within 30 days and towed to a recovery lot, we will reimburse you up to $50 per incident for towing assistance expenses incurred.
We will reimburse you up to $35 per day for a maximum of 20 days for expenses incurred for a rental
car. You must make your own arrangements for substitute transportation.
We will reimburse you up to $100 per day for a maximum of 3 days for lodging and meals or up to $300 for one-way transportation to your primary residence if your vehicle is stolen and theft occurs more than 100 miles from your primary residence
Homeowner’s or Renter’s Insurance Deductible
We will reimburse you up to $500 for your homeowner’s or renter’s deductible if your personal property is stolen from your vehicle on the date of loss
Primary Automobile Insurance Carrier Deductible
We will reimburse you up to $500 for your primary automobile insurance carrier deductible if your vehicle is stolen and recovered within 30 days and incurs damage covered by your primary insurance policy
THEFT DETERRENT PROGRAM LIMITATIONS
Coverage is subject to terms, conditions and limitations. Under some circumstances, a theft may not be covered (for example, if the keys were left in the vehicle or the vehicle was left unlocked). Please see contract for details.