So they don't insure[1] high end exotics and supercars[2]. I wasn't aware the Cyber Truck was a supercar.
[1] There's also a difference between not offering coverage and actively terminating coverage that was previously offered.
[2] They actually insure basically all Jaguars. There are a couple of people complaining that their rates for a high performance Jaguar model, as a young male, are steep, but that's not exactly the same.
> A quick search reveals there have also been certain Kia and Huyandai models that they don’t insure.
Which I'm fairly certain made the news, too.
Your comment just seems like "Why is this news?"
Even with the Kia and Hyundai theft issues, they didn't terminate coverage, they just issued notices of non-renewal.
They're actively terminating current and open policies for the CyberTruck as quickly as they are legally allowed to. That's why.
> They're actively terminating current and open policies for the CyberTruck as quickly as they are legally allowed to
I am not sure they are actively cancelling insurance as you claim. The main email that caused this news cycle says specifically:
“ ALL COVERAGE ON THE 2024 TESLA CYBERTRUCK PROVIDED BY GEICO CASUALTY COMPANY, UNDER THE ABOVE POLICY NUMBER, WILL NON-RENEW AS OF 12:01 A.M. ON xx/xx/xx.”
So they don't insure[1] high end exotics and supercars[2]. I wasn't aware the Cyber Truck was a supercar.
[1] There's also a difference between not offering coverage and actively terminating coverage that was previously offered.
[2] They actually insure basically all Jaguars. There are a couple of people complaining that their rates for a high performance Jaguar model, as a young male, are steep, but that's not exactly the same.
> A quick search reveals there have also been certain Kia and Huyandai models that they don’t insure.
Which I'm fairly certain made the news, too.
Your comment just seems like "Why is this news?"
Even with the Kia and Hyundai theft issues, they didn't terminate coverage, they just issued notices of non-renewal.
They're actively terminating current and open policies for the CyberTruck as quickly as they are legally allowed to. That's why.