this post was submitted on 06 Oct 2024
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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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[–] [email protected] 28 points 1 month ago (13 children)

Semi-unrelated but insurance as a whole is bonkers right now and I’m not sure how much the average person knows. I work on commercial real estate. The whole industry is having to review tons of insurance waiver requests because insurance in some properties is out of control. Business either can’t get it for can’t afford it. Especially, in flood zones. I’m actually kind of worried about the damage these hurricanes are doing in the US. Not just in the lives lost, which is devastating, but also the financial damage of all the uninsured losses.

[–] [email protected] 6 points 1 month ago* (last edited 1 month ago) (4 children)

Sounds kind of like exactly what insurance is for? If you can't get insurance for a flood zone, then maybe there's a fucking reason for that.

[–] [email protected] 7 points 1 month ago (2 children)

The problem is people have gone and built entire cities in unsafe areas. If we were being sensible basically the entirety of Florida should not be occupied, the place is a disaster waiting to happen, or more accurately is a disaster that has already happened, but somehow nobody's learnt from it.

[–] [email protected] 1 points 1 month ago

Generally speaking, every house in Florida didn't need to be replaced every five years.

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