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.”

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.”

    • partial_accumen@lemmy.worldEnglish
      821·
      2 months ago

      Class action lawsuits are gonna be a mother fucker

      Part of the purchase agreement of a Tesla agreeing to binding arbitration. This means no class action suit. You can opt out of this within the first 30 days, but you have to send a letter requesting it.

      How many Tesla owners do you think do that?

      • bluGill@fedia.io
        241·
        2 months ago

        i don’t own a tesla, so if their cars injure me I can sue them*

      • Serinus@lemmy.worldEnglish
        14·
        2 months ago

        Steam recently removed their arbitration clause, largely because paying for a thousand arbitration cases is worse than dealing with a class action.

        • locuester@lemmy.zipEnglish
          17·
          2 months ago

          I’ve heard that death by 1,000 arbitrations is a good way to make em regret it. Glad to see it’s true.

        • Kalysta@lemm.eeEnglish
          1·
          2 months ago

          Which is what Musk is looking at happening.

          Between cybertruck and twitter, dude’s gonna bankrupt himself.

      • grue@lemmy.worldEnglish
        4·
        2 months ago

        Wow, I never thought I’d find an actual good argument for keeping independent car dealers as middlemen instead of allowing first-party sales, but here we are.

        • ayyy@sh.itjust.worksEnglish
          1·
          2 months ago

          Can you connect the dots for me? Third party dealers always have idemnity? clauses anyways.

          • grue@lemmy.worldEnglish
            1·
            2 months ago

            Presumably anything you’d agree to while buying from an independent dealer would be between you and the dealer, not you and the manufacturer, right? I don’t understand how the manufacturer would be a party to the transaction.

            (It might be that I’m naive about how modern car sales work.)

            • ayyy@sh.itjust.worksEnglish
              2·
              2 months ago

              I’m pretty clueless too, but to me your assertion doesn’t hold up to the concept of recalls.

              The true answer is probably that we’re both wrong and the answer is that as a consumer: you lose, fuck you. Also fuck your family dog.