Vehicle theft shopping list seems to be out




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  1. #1
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    Default Vehicle theft shopping list seems to be out

    this weeks stolen vehicles so far
    x1 Renault Sandero not recovered - no tracking required
    x1 Hilux - recovered by Cartrack same day with minimal damage.
    x1 Fortuner - recovered by Cartrack on N1 within an hour of theft. Minimal damage.
    x1 Fortuner - theft interrupted by client - Minimal damage

    Tracking system saved close on 3/4 million on the two recovered 4x4's.
    I have never seen a wild animal feeling sorry for itself.

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  3. #2
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    Default Re: Vehicle theft shopping list seems to be out

    Make it a weekly update.
    It would make very interesting reading!!!

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  5. #3
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    Default Re: Vehicle theft shopping list seems to be out

    Quote Originally Posted by Raymond du Plessis View Post
    Tracking system saved close on 3/4 million on the two recovered 4x4's.
    Surely then the Insurance Co should pay for the Tracker, not the owner, since the benefit is the insurer's?
    "Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity" - Martin Luther king Jr

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  7. #4
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    Default Re: Vehicle theft shopping list seems to be out

    Quote Originally Posted by 4eTouareg View Post
    Surely then the Insurance Co should pay for the Tracker, not the owner, since the benefit is the insurer's?
    I get a discounted rate on my tracking subsidized by my insurance.


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  9. #5
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    Default Re: Vehicle theft shopping list seems to be out

    where's manny now.
    he would say percentage wise more renaults got stolen than toyotas
    Last edited by Ocin; 2018/11/09 at 10:54 AM.

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  11. #6
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    Default Re: Vehicle theft shopping list seems to be out

    Which model year Toyota's Raymond?
    Last edited by PieterOos; 2018/11/09 at 11:03 AM.
    Pieter
    Fortuner 4x4
    Echo 4

  12. #7
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    Default Re: Vehicle theft shopping list seems to be out

    Quote Originally Posted by Ocin View Post
    where's manny now.
    he would say percentage wise more renaults got stolen than toyotas
    He would be correct...
    Always think: Could this be sarcasm?

  13. #8
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    Default Re: Vehicle theft shopping list seems to be out

    My insurance dropped like R15 or something if I installed a tracking system, yet I will pay over R300 for the system monthly, no sense in my book.

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  15. #9
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    Default Re: Vehicle theft shopping list seems to be out

    My SO's previous car insurance would have dropped R50 if she installed a tracking device, BUT they had a clause that if the device fails when the vehicle is stolen, it may affect payout.

  16. #10
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    Default Re: Vehicle theft shopping list seems to be out

    I think there is a lot of different factors involved in some of these calculations.

    My Isuzu's insurance will see no real change with/without tracking unit. But although they get stolen, they are not as prone as other bakkie manufacturers.

    My Up! has a Beam-E fitted as per insurer at R59 p/m for me. Saves me R125 (Actually R125 - R59 = R66) per month. I think the VW has a slightly different risk profile compared to Isuzu.

    Different horses for different courses.


  17. #11
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    Default Re: Vehicle theft shopping list seems to be out

    With tracker like any other issue read the contract. For instance you can get discount if you have alarm system in the house and it is on when not in house. Risky business. Owner steps out to talk next door or somebody on the street. Alarm not on and house broken into. Insurance may decline to pay. With car insurance can be similar. Maybe better to have tracking but not take that R50 discount.
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  19. #12
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    Default Re: Vehicle theft shopping list seems to be out

    The Stats I am interested in is - say monthly stats -

    how many vehicle get stolen -
    1. Tracker installed
    2. Tracker not installed.


    What is the loss to the insurance company in Rand value -
    1. Tracker installed
    2. Tracker not installed

    Is it not then possible that mostly it is the INSURANCE company will be the one that benefits from having Tracker installed? Surely there could be a much bigger incentive to clients? I am pretty sure the maths will back this up?

    I think for the most part, it is not rocket science to work out that a good percentage of vehicle owners would have Tracker installed if the insurance companies played along a great deal more.

    I also think that if we can see these kind of stats on a regular basis - it would be great.

    Perhaps I am over simplifying this - I am very open to correction or alternative opinions
    Fiddler

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  21. #13
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    Default Re: Vehicle theft shopping list seems to be out

    It is indeed so. If you do have a tracking device installed and pay less insurane because of that, insured is resposible to make sure the device is functioning 100%. If not, the claim can be refused. Better to read the fineprint properly.
    Die reŽn is 'n dag nader as gister.

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  23. #14
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    Default Re: Vehicle theft shopping list seems to be out

    if 100 000 cars are insured with the insurer and you pay R300 monthly for tracker on each, it costs R360million a year.
    ..so you will have to save more than R360million on recovered stolen cars in a year to break even..

    not to mention the interest you could have earned on R360million
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  25. #15
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    Default Re: Vehicle theft shopping list seems to be out

    I was told by the insurer that they only pay 75% of the value if no tracker is installed. 95-100% if tracker is installed and working.
    Last edited by Peethat; 2018/11/09 at 02:49 PM.

  26. #16
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    Default Re: Vehicle theft shopping list seems to be out

    When a vehicle is stolen it is circulated through SAPS when reported. You recover it with minimal damage and Insurance pay the damage.

    Do one now sit with a vehicle that is Code 2 "stolen recovered"?
    That surely must influence the trade in or future value of the vehicle, however you still pay it off as a new one? (If bought new)
    What happens to the manufacturers warranty when recovered?
    What happens to the insurance premium, since after recovering, the value can surely not be the same?

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  28. #17
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    Default Re: Vehicle theft shopping list seems to be out

    Quote Originally Posted by 4eTouareg View Post
    Surely then the Insurance Co should pay for the Tracker, not the owner, since the benefit is the insurer's?
    Insurance business is complex maths. If I remember correctly there are two universities here which have the correct field of study. If you are good at that sky is the limit for the salary. My daughter looked at it but decided to study something else.

    You can be sure that vehicle owners get that unit paid in lower premiums. I am sure Raymond will not give the premium calculation formula. He may not even have it. Risk of being stolen and recovery change must be part of the premium calculation. There are very many other parameters in that calculation. Read your insurance conditions and you get some idea what is included.
    Jouko
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  29. #18
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    Default Re: Vehicle theft shopping list seems to be out

    Quote Originally Posted by Kamakazi View Post
    if 100 000 cars are insured with the insurer and you pay R300 monthly for tracker on each, it costs R360million a year.
    ..so you will have to save more than R360million on recovered stolen cars in a year to break even..

    not to mention the interest you could have earned on R360million
    Interesting comment - thanks - which is why stats to the effect might be very enlightening.

    Keep in mind that if the vehicles now installed with Tracker increased 1000%, the rate of R300 per month should drop significantly. There are many ways to skin a cat and I believe there could be ways to structure incentives that make it worthwhile for both parties.
    Fiddler

  30. #19
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    Default Re: Vehicle theft shopping list seems to be out

    Quote Originally Posted by Peethat View Post
    I was told by the insurer that they only pay 75% of the value if no tracker is installed. 95-100% if tracker is installed and working.

    Change your insurer
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  32. #20
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    Default Re: Vehicle theft shopping list seems to be out

    Well car track does not cost 300 but I think 99 bucks.
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