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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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[–] Malfeasant@lemm.ee 2 points 4 weeks ago

Why would someone own 8 vehicles?

My uncle was like that - he was a contractor and realtor. He had several work trucks, each for a specific purpose, plus one general purpose, and half of them had snowplows of various sizes. Most of them had something wrong with them that didn't interfere with their specific purpose, but would have been a pain to deal with daily. Only new one was a minivan for driving clients to sites... Then he bought a house closer to town that had a flatbed truck left on it...