05/05/21

Protect Your Precious Metals

It is no secret that this past year has brought an increase in break-ins and thefts in the Portland Metro area. Here at Elliott, Powell, Baden, and Baker Insurance, we have identified a steep rise in catalytic converter thefts. Catalytic converters change harmful substances in a car’s exhaust gasses, such as carbon monoxide, nitric oxide, nitrogen dioxide, and hydrocarbons, into less toxic substances like carbon dioxide and water vapor through chemical reactions.

“Catalytic converters contain precious metals (mostly platinum) that are valuable, “explains Erica MacDaniel, Claims/Workers Compensation Specialist at EPB&B Insurance, “some are being cut out of cars and taken on the spot. In other circumstances, the vehicles are being stolen and then parted out.”

Prius’ are specifically at higher risk because it takes longer to burn out the precious metals, and higher prices are being paid for Prius cast.

We encourage everyone to consider taking extra precautions in these uncertain times. Contact us for more information on how you can protect your property.

See below for more information on the current senate bill on this topic: https://olis.oregonlegislature.gov/liz/2021R1/Measures/Overview/SB803