Do you believe consumers and businesses should encourage auto manufacturers to install all of the technology recommended

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Do you believe consumers and businesses should encourage auto manufacturers to install all of the technology recommended by the National Insurance Crime Bureau in every car manufactured so most vehicle theft could be prevented? What if it added $300–$500 to the cost of each vehicle?

Vehicle theft is one of the major crimes affecting both businesses and individuals.
It also is a major cost to insurance companies. The financial impact in terms of insurance premiums, out-of-pocket repair costs, and new car costs has now passed $7.5 billion. The National Insurance Crime Bureau recommends a layered approach to reducing vehicle theft that combines basic security procedures with new technology. Here are the layers they recommend.
Layer 1 Common Sense Always remove your keys, close your doors, lock your vehicle, and park in a well-lit public area.
Layer 2 Warning Device Use a visible or audible device that warns thieves the vehicle is protected. It may be an alarm, lockable device on the steering wheel, identification markers, or window etchings.
Layer 3 Immobilizing Device Prevent thieves from hotwiring your car with a smart key, kill switch, or fuel disabler.
Layer 4 Tracking Device A tracking device emits a signal when a vehicle is stolen so it can be located and recovered quickly by police. Most vehicles with the devices are recovered while those without are not.

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Business Finance

ISBN: 9780357532348

1st Edition

Authors: Les Dlabay, James L. Burrow

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