i:Track GPS Tracking & Security System offers vehicle tracking system, iCU500. This is a two-way communication modem, based on existing wireless infrastructure, which makes it possible to deploy the system with immediate functionality all around the world. The unit has a built-in alarm system that monitors the vehicle at all times and alerts the control centre in case of theft or distress. The iCU500 is tested and approved from the leading labs around the world, including eMark (E24 10R-020086), TUV GS, FCC Part 15, UL 60950, CB Certification, CE Certification and vibration and shock tests (done in major military labs). Insurance advantage: risk of vehicle theft is reflected in insurance underwriting costs and thefts excess. Some high risk vehicles are attributed with theft excess cover as high as 30 per cent of the purchase price. Some common problems, in event of vehicle being stolen are: [a] inconvenience of filing police FIR and processes; [b] insurance companies do not pay the claim before 6 months; [c] possible misuse of vehicle during theft period; and [d] legal troubles are obvious, if the vehicle is involved in any unlawful activities during the theft period. The reduced risk enables insurance companies to offer customers a range of benefits including reduced premiums.