Why should you back your CAT?
A vehicle’s catalytic converter (CAT) is a canister in the exhaust system that converts toxic gases into less poisonous fumes to reduce harmful emissions. Having a working CAT is essential to pass your state’s emissions test.
There has been an explosion of catalytic converter theft. According to the National Insurance Crime Bureau, there were more than 52,000 converter thefts with a claim in 2021 compared to roughly 1,300 in 2018. That’s an increase of roughly 1,215%. This is due to the fact that converters are made with highly valuable precious metals and are very easy to steal. It can take as little as three minutes and requires minimal skill and tools.
The issue spans far beyond individual petty thieves. In fall of 2022, the Justice Department announced a nationwide takedown of a catalytic converter theft ring that made hundreds of millions of dollars. The crime ring would purchase stolen converters, strip the valuable minerals and sell them to metal refineries.
We provide the solution.
Sadly, victims of these crimes are often left in difficult financial situations with no hope of rescue. The cost of a new converter ranges from around $1,000 to $4,000 and they are often not covered by traditional insurance policies. If they are covered, the car owner may have to pay a large deductible and file a claim. Claims on your insurance policy can result in higher monthly premiums. At times, the cost of repairs can even be higher than the value of the vehicle.
Car owners are seeking a way to combat these criminals by protecting their vehicle and wallet. That's why we are offering a Limited Warranty for Catalytic Converters. With the Converter Protect Product Limited Warranty, car owners can ensure that their investment will be secure. In the event that your Catalytic Converter is stolen, you will be able to file a claim to have it replaced at no additional cost.
This national network of criminals hurt victims across the country... They made hundreds of millions of dollars in the process — on the backs of thousands of innocent car owners.
Christopher Wray, FBI Director
