Tricare Theft Protect
Provides a monetary benefit towards the purchase of a replacement vehicle if your vehicle is stolen and not recovered.
Protect Your Vehicle From Theft
The Insurance Bureau of Canada (IBC) theft analysts suspect that many vehicles are targeted as part of a trade-based money-laundering scheme. The 20% recovery rate of stolen vehicles indicates the involvement of organized crime rings who commit auto thefts, and use the proceeds to fund criminal activities.
Thieves generally steal vehicles for one of three reasons:
- To sell abroad: Stolen vehicles are often shipped abroad, where they are sold for many times their original market value.
- To sell to unsuspecting consumers: Stolen vehicles may be given a false vehicle identification number (VIN) and then sold to unsuspecting consumers. These vehicles can also be dismantled and sold for parts.
- To commit another crime: Stolen vehicles used to commit other crimes are often recovered—abandoned and badly damaged—within 48 hours of their theft.
Prevent the Theft From Happening!