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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 2 years ago by 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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[–] 4 points 2 years ago (4 children)

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.

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  • [–] 1 point 2 years ago (3 children)

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

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  • [–] 1 point 2 years ago (2 children)

    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.)

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