NEWS
Insurers warn of surge in theft of high-end vehicles
Vehicle owners are given deadline to fit tracking devices or they will no longer be insured
15 March 2023 - 16:14
Owners of newer and late-model high-end vehicles are being advised to be extra vigilant by Old Mutual Insure, which reports an increase in claims for the theft and hijacking of these vehicles.
“From our investigations, it appears that syndicates have found ways to seamlessly access vehicles with keyless entry systems,” says Tarina Vlok, MD of Elite Risk, a high-net-worth insurer and subsidiary of Old Mutual Insure...
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