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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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[-] givesomefucks@lemmy.world 164 points 1 week ago

Pretty sure they were one of the last major companies that would...

Even if warranty pays for repairs to it, if it damages anything else the insurance still has to pay.

The article mentions multiple examples of them just randomly shutting down during operation. That's already bad. But this is going to be it's first winter, it's not surprising insurers don't want to deal with it. They deal with large numbers, it's not a question of "if" like an individual owner, its "when" for the insurer

[-] danc4498@lemmy.world 50 points 1 week ago

Class action lawsuits are gonna be a mother fucker

[-] partial_accumen@lemmy.world 83 points 1 week 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?

[-] catloaf@lemm.ee 52 points 1 week ago

That assumes the court finds that enforceable. Usually they do, but a few times recently, they've said it's not.

[-] gramie@lemmy.ca 56 points 1 week ago

That's one of the nice things about the law in Quebec. Binding arbitration clauses are illegal.

[-] grue@lemmy.world 2 points 1 week ago* (last edited 1 week ago)

Je devrais demeneger a Montreal.

[-] gramie@lemmy.ca 1 points 1 week ago* (last edited 1 week ago)

*Je does

"doivent" is third-person plural (they, not I)

Oh, and I didn't notice that autocorrect changed my French to English. Should be"dois" or, as you say, "devrais" for the conditional.

[-] grue@lemmy.world 1 points 1 week ago

Whoops, I really meant "devrais."

[-] Lets_Eat_Grandma@lemm.ee 17 points 1 week ago

I mean in trumps court of law musk can’t lose.

If dumpy wins, for sure no class action.

If dumpy loses, his Supreme Court will still side with the conservative side anyway, so probably still no class action.

[-] bluGill@fedia.io 23 points 1 week ago

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

[-] Serinus@lemmy.world 14 points 1 week 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.zip 17 points 1 week 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.ee 1 points 1 week ago

Which is what Musk is looking at happening.

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

[-] grue@lemmy.world 4 points 1 week 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.works 1 points 1 week ago

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

[-] grue@lemmy.world 1 points 1 week 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.works 2 points 1 week 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.

[-] DancingBear@midwest.social 2 points 1 week ago

John Wick enters the chat

[-] JiveTurkey@lemmy.world 1 points 1 week ago

This didn't work for valve so I can see it also going poorly for Tesla.

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this post was submitted on 06 Oct 2024
1449 points (93.7% liked)

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