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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 1 month 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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[–] r914@lemmy.world 9 points 1 month ago (1 children)

I heard he was renting it out on Turo. That is unconfirmed. I have no source.

[–] NotMyOldRedditName@lemmy.world 10 points 1 month ago* (last edited 1 month ago) (1 children)

True or not to this specific situation, in general, that is definitely the kind of reason you might get dropped if you didn't get the proper insurance.

[–] r914@lemmy.world 2 points 1 month ago

Yes. If this is true the owner should be happy they did this before trying to make a claim. Often people break the terms of the insurance and then when a claim is made they are denied all coverage.