Insurance Companies Refuse to Cover Damages from Fuel Thefts

Peterhead, United Kingdom (PressExposure) November 06, 2008 -- Increasing numbers of consumers across the UK are finding themselves victims of petrol thieves, and there is little that can be done in terms of recompense from insurance companies. A rash of damaged petrol tanks, pried up to release fuel, have been splashed all over the news, but according to insurance companies, there is little assistance that they can offer their customers.

Despite having car insurance these consumers are finding that petrol thefts are not covered by their usual policy. While there are a few insurance providers that do offer this kind of coverage, the vast majority view it as a nuisance only, refusing to offer assistance. This has left many consumers desperate to find new ways to protect their cars and their petrol.

The best method is undoubtedly securing a vehicle in a locked garage. For thousands however, that is not an option, and they are left with few choices. Consumer advocates are pushing for the inclusion of fuel theft in car insurance coverage, but for now, the only option may be to make it easier for thieves to get at tanks by removing lockable filler caps, reducing the risk for damage to the rest of the car as thieves drill through the tanks themselves to get at the fuel.

As petrol thefts continue to make insurance news and the costs continue to rise, experts are advising consumers to put aside an emergency fund of their own to cover any potential damage, in addition to taking the proper steps to secure their vehicles. This certainly is not the best solution for most, especially for those on a limited budget, but until insurance coverage is available, there is little choice in the matter - especially when most policy excesses out-way the value of your typical car’s petrol capacity anyway.

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Press Release Submitted On: November 06, 2008 at 3:42 am
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