It varies, but a general rule of thumb is that any personal insurance (home, life, auto, boat, whatever) will pay out for a terrorist attack but commercial policies (property insurance, loss of revenue, workers comp, etc) won’t unless they specifically pay for terrorism coverage. That said, even the personal insurances will generally have exceptions for war and mass scale destruction (e.g. nukes).
Which mostly boils down to the reality of any kind of insurance policy: In isolated cases, they’ll pay out. The bigger the incident, the more they will fight it and the more likely they are to pull out of a region.
Which is kind o a moot point since many/most auto insurers already refuse to deal with teslas due to their high repair costs and other fun stuff that they pretend isn’t a factor but totally is (the tendency for a car on “full self driving” to plow into oncoming traffic milliseconds after “full self driving” was logged to have been disengaged by the user).
Which is the other “secret” in all this “Won’t somebody think of the tesla drivers?!?!!?” stupidity. Yeah, teslas were often very competitively priced in their categories (in large part because of government subsidies that only musk was eligible for) and were very much an option for the people wealthy enough to buy a brand new car. But the moment you try to get insurance for the tesla you are going to take ownership of in one or two business days? You suddenly are shunted to a special insurer with higher rates and anyone with half a brain would raise DOZENS of red flags at that.
It varies, but a general rule of thumb is that any personal insurance (home, life, auto, boat, whatever) will pay out for a terrorist attack but commercial policies (property insurance, loss of revenue, workers comp, etc) won’t unless they specifically pay for terrorism coverage. That said, even the personal insurances will generally have exceptions for war and mass scale destruction (e.g. nukes).
Which mostly boils down to the reality of any kind of insurance policy: In isolated cases, they’ll pay out. The bigger the incident, the more they will fight it and the more likely they are to pull out of a region.
Which is kind o a moot point since many/most auto insurers already refuse to deal with teslas due to their high repair costs and other fun stuff that they pretend isn’t a factor but totally is (the tendency for a car on “full self driving” to plow into oncoming traffic milliseconds after “full self driving” was logged to have been disengaged by the user).
Which is the other “secret” in all this “Won’t somebody think of the tesla drivers?!?!!?” stupidity. Yeah, teslas were often very competitively priced in their categories (in large part because of government subsidies that only musk was eligible for) and were very much an option for the people wealthy enough to buy a brand new car. But the moment you try to get insurance for the tesla you are going to take ownership of in one or two business days? You suddenly are shunted to a special insurer with higher rates and anyone with half a brain would raise DOZENS of red flags at that.