When Your Car Is Stolen.You might have experienced that sinking feeling yourself at some time in your life. Statistics prove that most of have or maybe will. The moment when you leave a restaurant with your wife and some friends after enjoying a real nice meal, some pleasant conversation, the company of people you really care about. You step out into the parking lot, the sound of laughter ringing in your eyes, and you walk towards the space where your parked your car. And what's there? Just the empty space where your parked your car. Your car is gone. Stolen. You and your car had become a statistic. One that had been steadily on the rise for the past ten years. Auto theft. People say to you, "Why worry! You are covered by insurance. Worst case scenario, your premium will go up a little next year." As a result of car theft, premium rates for comprehensive insurance have risen steadily every year. Insurance loss adjusters, with the cold statistics before them, can rapidly calculate the percentage likelihood that an insured car will be stolen. Not only that they know the most popular models among the car thieves and raise the premiums on that model accordingly. The car's market value at the time of the loss is also taken into account. The dollar size of claims has been going up, reflecting the higher value of new cars on the road, as well as that only high value cars are being targeted for theft. But the good news is that the car owner is fighting back. With the aid of a new technological breakthrough, auto theft has begun to decrease in the United States. The technology, the GPS satellite system, has provided the car owner with a peace of brilliantly effective technology that has made car theft a lot less lucrative. By installing a GPS vehicle tracking system in their cars, owners can insure that the whereabouts of the car thieves can be tracked anywhere and anytime. They have nowhere to hide, as the car's transmitter sends a message to one if a grid of 24 satellites constantly orbiting the planet. The satellites receive the signal from the transmitter, correlate it and retransmit it back to the owners' computer, who can then pass the exact whereabouts of their vehicle back to the police. In the early days, when GPS vehicle tracking technology became available for commercial use, it remained the domain of large companies and corporations. They were the bodies who had more of an interest, as well as the financial capability of investing in the technology. As news of the cost savings as well as the increased efficiency began to filter through, then more and more companies, even small family businesses have taken advantage of what running a GPS system would bring. Especially in favor were care insurance companies who quickly realized that a GPS vehicle tracking system installed in a car would do for stolen vehicle tracking. They backed up their judgement by offering discounts of up to 30% on comprehensive auto insurance. They focused their offers on the very models that were shown to be especially popular among the professional car thieves. In the early days, before the significance of stealing a car fitted with a GPS system was foremost in the minds of those unpleasant people who earned their living from stealing someone else's property, the police had a field day. They would simply follow the signal being sent out by the transmitter, and drive up and arrest the thieves. Usually before they had a chance to sell the vehicle on, or break it up for parts. Nowadays, car thieves are older and a little wiser. They have realized that there is not much that they can do against the eye in the sky, and many of them have moved onto another profession. Hopefully something honest. |