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

Technology

59534 readers
3195 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

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.”

you are viewing a single comment's thread
view the rest of the comments
[–] ContrarianTrail@lemm.ee 135 points 1 month ago (11 children)

No word from the insurance company itself? This whole article seems to be based on a single tweet by a cybertruck owner. For all we know his might be modded in a way that they dropped the insurance on it.

[–] CptEnder@lemmy.world 17 points 1 month ago (2 children)

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 1 month 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.

load more comments (1 replies)
load more comments (9 replies)