Metal Theft on the Rise in Recent Years – guest blogger Kevin Coates (Servpro)

Metal theft on the rise in recent yearsTheft of copper and other metals has been increasing since August 2009 as thieves take advantage of rising prices to turn a profit.Thefts range from irritating to public safety hazards, according to the National Insurance Crime Bureau (NICB). Pipes and wiring are stolen from homes, businesses and even facilities such as airports. One recent incident blacked out the running lights at a California airport, the NICB reports, marking a trend of increasingly severe thefts.There were 25,083 insurance claims for metal thefts from 2009 through 2011, according to the report. This is 81 percent more than the 13,861 identified in the previous report on years 2006 through 2008, although the NICB notes that some thefts do not generate insurance claims and police reports.Business property insurance may be of some help in the event that thieves strip wires or perform similar actions. Damage to electrical infrastructure can pose a safety hazard or simply prevent a facility or piece of equipment from being useful until repairs are effected, interrupting business and adding costs simultaneously.

Kevin Coates   Servpro Billerica   kcoates@servpro9893.com

One response to this post.

  1. Greeting from over the sea. informative article I shall return for more.

    Reply

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