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GEICO, the second-largest vehicle insurance underwriter in the US, has decided it will no longer cover Tesla Cybertrucks. The company is terminating current Cybertruck policies and says the truck “doesn’t meet our underwriting guidelines.”

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[-] CptEnder@lemmy.world 17 points 2 months ago

Everyone in here like yay truck bad, I don't give a fuck about Teslas what's fucked is goddamn insurance companies can just arbitraryly drop your coverage for no fault of your own. It should be illegal. Like sorry but you agreed to cover this, with all its flaws and took my money for years.

I really wish car/home/health insurance were just federalized. These companies are the oldest con perpetrated on the general public tbh.

[-] halowpeano@lemmy.world 14 points 2 months ago

It's in the article, they didn't drop him during the coverage period they declined to renew.

It's perfectly fair, if you can decline to review and insure with someone else when the 6 month term is up, so can they.

[-] njordomir@lemmy.world 3 points 2 months ago

Yep, this is 'merica and a bunch of people are already driving this destruction derby without insurance. Do we really want to add a bunch of Cybertrucks to that terrifying demographic?

this post was submitted on 06 Oct 2024
1463 points (93.7% liked)

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