this post was submitted on 23 Mar 2025
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https://www.congress.gov/crs-product/R47042
It would seem Insurance does actually cover acts of terrorism as long as they exceed $5million in damages, the amount Tesla has conveniently been claiming at each of their locations; with such claims partially or even fully subsidized by the federal government.
Am I reading that correctly, that for the gov to start covering individual damages of over 5 million the OVERALL terrorism damages in that year have to be greater than 200 billion?
Million, not billion. But the 20% deductible probably means that insurers can't get that money, because the way it's stated they'd have to pay out more than 20% of their (total) premiums for coverage to begin.
Ah, yeah. Misread, that makes way more sense.