Cyberstuck

912 readers

4 users here now

A place to post your Cybertruck fails! We're here to make fun of this hunk of shit and throw as much shade as we can to that garbage bag of a human elon.

No doxxing No slurs No racism And no fucking nazis!

founded 3 months ago

MODERATORS

Punchshark@lemmy.ca

488

My Tesla Cybertruck Got Totaled After It Was Sideswiped by an E-Scooter. All-in, I paid $198K, but Insurance is Only Offering Me a “Fair Market Value” of $77K. I Still Owe the Bank $171,500 (www.torquenews.com)

submitted 1 week ago by ThefuzzyFurryComrade@pawb.social to c/Cyberstuck@lemmy.ca

149 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] Lodespawn@aussie.zone 2 points 1 week ago* (last edited 1 week ago) (2 children)

What the fuck is wrong with US insurance?! This person's poor vehicle choices aside, when I insure my vehicle in Australia, we (the insurance company and I) agree an insured value when I take out the insurance. They set the cost based on that agreed value and a few other things. Then if my car is written off they pay me the agreed value plus any other costs covered. What's this agreed market value nonsense? Why would anyone agree to that for a financed vehicle?

[–] Revan343@lemmy.ca 2 points 1 week ago

You can get insurance that covers what you owe regardless of the actual value of the vehicle; insurance companies are presumably going to calculate the cost of that insurance based on the difference between the two. Dude presumably decided it was too expensive