Technology

59152 readers

2310 users here now

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

Our Rules

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

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

1463

GEICO is Terminating Insurance Coverage of Tesla Cybertrucks, Says “This Type of Vehicle Doesn't Meet Our Underwriting Guidelines” (www.torquenews.com)

submitted 1 month ago by [email protected] to c/[email protected]

240 comments fedilink hide all child comments

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

[–] [email protected] 1 points 1 month ago* (last edited 1 month ago)

You’re telling me. I just started a small construction company on the side and have to do it uninsured because it cost at a minimum $4,000 a year just for liability. Seems ridiculous

Edit: I’m in Iowa too so clearly away from any possible large disasters. I know liability insurance is different from homeowners but I think it having a large effect on insurance as a whole. Also when the derecho went though Iowa, everyone and their brother apparently became a contractor and collected insurance money and that ruined it for a lot of other people.