Copper is Big Business

Copper is big business so home owners beware. See this article I found earlier this week from the National Association of Realtors.

With copper at more than $4 per pound, thanks to demand in Asia, home owners should guard the metal like it was gold.

“You would never leave gold sitting out in the yard,” says OneBeacon Insurance Group executive Charlie Sidoti, who estimates a 300 percent increase in claims of copper theft in the past 18 months.

Homes sitting empty are easy targets. Sidoti recommends installing fences, motion-detector lights and security cameras to discourage thieves from ripping out air conditioner coils, plumbing, rain gutters, sprinklers and bronze lawn ornaments.

Meanwhile, 35 states have pending or signed legislation requiring people selling metal to show identification to scrap dealers.

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