Economical crushes two stolen SUVs

 

 
The crushed remains of a 2005 Cadillac Escalade and a 2005 GMC Denali at Bodyline Auto Recyclers in Hamilton. The vehicles were recovered as part of an anti-theft investigation. Economical chose the unusual step of crushing the vehicles, as the safety and provenance of parts put on since the vehicles were stolen cannot be verified. Photo courtesy of Economical Insurance.  

 

 

 

 

 

 

 

 

 

 

 

Hamilton, Ontario — July 28, 2014 — Economical Insurance recently took the extraordinary step of destroying two stolen vehicles that were recovered from individuals with links to organized crime. A 2005 Cadillac Escalade and a 2005 GMC Denali were crushed at Bodyline Auto Recyclers in Hamilton, Ont., to prevent them from being sold to unsuspecting consumers.

The vehicles were stolen from Economical policyholders, and reported as stolen in early 2009. A statement from Economical says the company promptly adjusted the claims and paid out more than $56,000 to the policyholders for their losses. After the claims were paid, the registrations of these vehicles were transferred to Economical Insurance.

In March 2010, Economical was notified by police that the Escalade had been found and recovered during a police investigation concerning vehicle fraud by organized crime. Shortly after, police also recovered the Denali during the same investigation once they ascertained that it was also registered to Economical.

Since the recovery of the two vehicles, individuals who were convicted of the vehicle fraud contested the ownership of the vehicles in court. They lost.

Normally when stolen vehicles are recovered, they are purchased by automotive recyclers or others, and then sold whole or in parts. 

In these two cases, the Denali and the Escalade are not the same vehicles our policyholders once owned, said Javier Ibanez, vice-president of national sales and distribution for Economical Insurance. Parts from other vehicles ”salvage or otherwise” were put on these vehicles by individuals who were convicted as part of the February 2010 arrests.

According to police reports, the criminals were fitting the Denali and the Escalade with stolen or improper Vehicle Identification Numbers (VINs) in preparation for sale.

As one of Canada’s leading insurance companies, we simply cannot be assured of the safety of the vehicles or the integrity of the parts, said Ibanez. These vehicles have multiple VINs. By crushing these vehicles today, we are preventing them from being sold whole or in parts to an unsuspecting public.

 
Economical staff were on hand at Bodyline Auto Recyclers to see the vehicles in question destroyed. From left: Javier Ibanez, VP, Sales and Distribution; Doug Maybee, Manager, Public and Media Relations; and Dan Little, Manager, National Special Investigations Unit. Photo courtesy of Economical Insurance.    

 

 

 

 

 

 

 

 

 

 

Consumers may face financial risk if they purchased these vehicles. For example, upon taking the vehicle in for servicing, the service vendor may report the VIN situation to local police after which the vehicles may be seized, leaving the purchasers to suffer a financial loss.

From a safety point of view, we don’t know if the airbags were tampered with or even if they are still in the vehicle, added Ibanez. In the event of a collision, the driver’s safety would be ultimately in peril. For these reasons, we have destroyed the vehicles in the interest of consumer protection.

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Play
Play
Play
Play
previous arrow
next arrow
Slider

Recent Posts

Our other sites