Deleted to avoid pointless argument. Have a good day.You don't know how forums work, huh ? If one posts false information, don't be surprised when people rebut it.
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GEICO is Terminating Insurance Coverage of Tesla Cybertrucks
- Thread starter ripcord
- Start date
Geico is also kindof trash tier. I think they stopped covering my ex gf house solely because it had a metal roof.
The state provides a certificate of self insurance once you meet their criteria.
One way or another the state forces me to have enough assets set aside or use third party insurance assets to cover any potential damages.
Why are people pushing so hard on this? Is it the word “force”?
I'll give it a try.
The state is not forcing you to do anything. If you choose to drive your vehicle on public roads there is a very real chance that you will damage or hurt someone else. Therefore the state ensures you have the means to cover that loss. You can do it via private insurance, or a bond, or whatever. If you don't want to, most states you can ride a bicycle on most roads without anything - because the risk to others is minimal. What your calling "force" is purely ensuring that the overall public won't be harmed financially by others.
On the other side, there is no significant public benefit to forcing an insurance company to insure a CT, or a 1965 Shelby GT, or whatever. Some states do force insurance companies to accept their share of bad drivers through some means - often a pool. So the insurance companies don't exist in a complete free for all either.
Having said that - there are other insurers that will insure a CT, and in this case it seems Geico will actually as well. So who cares if one company won't insure some certain type of vehicle. Private businesses turn down orders all the time.
So if I drive without insurance and get pulled over, what will happen then? I’m pretty sure some type of force will be used against me or my vehicle.
Oh, but the state is not “forcing” anything.
The same logic can be used for the insurance companies, nobody is forcing them to sell insurance. They can start selling vacuums if they don’t like the rules.
Oh, but the state is not “forcing” anything.
The same logic can be used for the insurance companies, nobody is forcing them to sell insurance. They can start selling vacuums if they don’t like the rules.
Is a state forcing you to have insurance?
Is a state forcing you to have a car?
Is a state forcing you to have a driver's license or to drive at all?
Can a state force you to drive the speed limit? To drive sober?
Inquiring minds need to know.
Whatever the state wants, it doesn't work anyways.
Is a state forcing you to have a car?
Is a state forcing you to have a driver's license or to drive at all?
Can a state force you to drive the speed limit? To drive sober?
Inquiring minds need to know.
Whatever the state wants, it doesn't work anyways.
Try walking on a highway, you will find out state’s force pretty quickly.
If you want state run insurance you can move to one of the provences that has it.
The state does not force you to have insurance they require it if you want to drive, or actually under financial responsibility laws to prove you can pay for damages.
You don't want to or can't prove responsibility you just don't drive - it is that simple. You chose to drive without there are consequences for that decision.
Oh I get it, speaking a plain language is hard, everything needs to be double speak now.
I lived in a country where one was required to speak only certain things about a ruling party, but never forced to. If one chose to speak “other” things, they faced consequences of their decision to do so. Nobody forced anything.l there either
Oh I get it, speaking a plain language is hard, everything needs to be double speak now.
I lived in a country where one was required to speak only certain things about a ruling party, but never forced to. If one chose to speak “other” things, they faced consequences of their decision to do so. Nobody forced anything.l there either
I thought it was pretty plain, you're the one i cant understand.
Driving is not a right, it is a privilege along with privilege goes responsibility. How's that for plain.
?In even simpler terms, if you have a cybertruck your insurance company wont insure, you've got two options, replace your truck or your insurance company.
Same as being in the insurance business, it’s a privilege not a right.
My argument is, if every vehicle on the road requires some type of insurance, why can’t the insurance companies be required to insure every vehicle on the road?
What happens when no company wants to insure the CT? Oh, I know, I’m free to go and buy something else. Well, what if that something else all of the sudden is uninsurable?
Do you see how one sided the whole thing is?
So should insurance companies be required to insure every individual regardless of things like driving record? Every home regardless of location? Should all policyholders bear the responsibility of the rates neccesary to support a vehicle that is abnormally high risk?
Property be it houses, jewelry, cars that is difficult to insure will typically have a specialty insurer or risk pool.
Property be it houses, jewelry, cars that is difficult to insure will typically have a specialty insurer or risk pool.
I think that would only be fair. Of course, the rates would reflect the risk, I never suggested price control.
As far as houses, jewelry etc, those aren’t forced, sorry, required at the state, so I would not pull them in with automobiles.
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Insurance is already highly regulated, and insurance commissioner is an elected position so it's basically price controlled as it is.
I don't think atypical property or people should be in the same risk pool as a more standard risk so we disagree on what's fair.
ETA - There are companies who don't insure motorcycles or commercial (ie medium duty and up trucks), what about those?
I don't think atypical property or people should be in the same risk pool as a more standard risk so we disagree on what's fair.
ETA - There are companies who don't insure motorcycles or commercial (ie medium duty and up trucks), what about those?
Then what about people choosing to either carry insurance or not and not putting them in jail/impounding the vehicle or any other penalties if they choose not to carry any insurance?
So many excuses for business because, freedom, but for individuals it’s for your “safety” and it’s a privilege anyways.
Health insurance literally works exactly like that. We all know how that's gone...
The difference here is that driving has been declared a privilege according to case law - not a right. You would have a valid point if driving was a right or somehow mandatory.
So yes, if you choose to exercise this privilege, you must have insurance according to state law, but an insurer may also choose not to cover a vehicle and/or driver.
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Do you believe you should be able to drive on a public road without providing any proof that you have ability to pay if you hurt someone?
Also, they generally don't put you in jail. You may get a fine, and in impound. Its mostly a civil penalty, unless your repeat offender.
Insurance companies need to meet many rules and laws to sell insurance in each state, and each state is different. Your state could in fact pass the law you wish to have. The most likely outcome is most insurers would take there capital and leave, just like you can move if you don't like your state.
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My question is not what I want but rather what is this "freedom" most of you are talking about.
- One one hand we have a full wight of the state basically creating and guaranteeing a customer base, but oh I'm so free to use a bicycle or walk. Although I mentioned doing that on a highway already and I'm sure my "freedom" to do that would quickly come to an end.
- On the other we have insurance companies that have this guaranteed market, but they are all "free" to pick and choose who and what they get to service, because we live in a "free country".
Anyways, most of the responses were quite predictable, so no reason to drag this conversation out further.
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