this post was submitted on 06 Oct 2024
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GEICO is Terminating Insurance Coverage of Tesla Cybertrucks, Says “This Type of Vehicle Doesn't Meet Our Underwriting Guidelines” (www.torquenews.com)
submitted 2 days ago by shoulderoforion@fedia.io to c/technology@lemmy.world
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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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[–] w3dd1e@lemm.ee 1 points 8 hours ago

I agree! And, I know government was bailing these people out for a long time, which just makes them double down. I’m not worried about those people. I’m worried about the ones that don’t want to be there and can’t afford to relocate, or for some and even worse, evacuate.