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.”
Class action lawsuits are gonna be a mother fucker
Part of the purchase agreement of a Tesla agreeing to binding arbitration. This means no class action suit. You can opt out of this within the first 30 days, but you have to send a letter requesting it.
How many Tesla owners do you think do that?
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.
Can you connect the dots for me? Third party dealers always have idemnity? clauses anyways.
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.)
Steam recently removed their arbitration clause, largely because paying for a thousand arbitration cases is worse than dealing with a class action.
That assumes the court finds that enforceable. Usually they do, but a few times recently, they’ve said it’s not.
That’s one of the nice things about the law in Quebec. Binding arbitration clauses are illegal.
