FSD... Ownership transfer issues (if someone else totals your CT)?

[Revoltlution]

I heard the current purchase model has the FSD follow the VIN.
This is a bummer in many ways but I just thought about accidents that total the vehicle... What happens then... Sounds like you're fresh outta luck.
Please tell me I'm wrong.

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[Crissa]

I heard the current purchase model has the FSD follow the VIN.
This is a bummer in many ways but I just thought about accidents that total the vehicle... What happens then... Sounds like you're fresh outta luck.
Please tell me I'm wrong.

If you total the vehicle, you want your insurance to cover the replacement. There are insurance products that do full replacement (That's what I used for my car). They are a little more expensive.

-Crissa

 

[rr6013]

If you total the vehicle, you want your insurance to cover the replacement. There are insurance products that do full replacement (That's what I used for my car). They are a little more expensive.

-Crissa

Wow! Full replacement in the US insurance market? That’d be a first.

Best buddy had full replacement cost coverage when his home burned down to the ground in CA. Insurance replaced everything *exactly* circa date of the vehicle. Any change in spec, price or features was outside the scope of his policy. He paid big bucks with replacement full coverage $XX,XXX.XX.

On his home the insurance would only rebuild according to circa dated drawings. Code upgrades, revisions and ordinance required fire proof construction were all not included and outside the scope of the insurance.

Yeah, no! Insurance is only better than nothing. Insurance companies are the first to remind you how lucky you are to have a policy at all.

 

[duck]

I heard the current purchase model has the FSD follow the VIN.
This is a bummer in many ways but I just thought about accidents that total the vehicle... What happens then... Sounds like you're fresh outta luck.
Please tell me I'm wrong.

FSD is a feature of the vehicle. If the vehicle is gone, the feature is gone. What did you expect? A golden ticket that stays with you for the rest of your life?

 

[Bill906]

 

[K1200LT Rider]

From everything I've gotten from Tesla-related forums and YouTube channels, I think Tesla is still working on how to work this all out since many have been expressing their concerns about this problem. One option will probably be a FSD subscription (pay by the month). And the mentioned problem will only be worse as the price of FSD goes way up after its fully-autonomous capabilities are close to being approved by state governments and its deployment is inevitable (I've heard guesses of at least $50k per vehicle). I can't imagine having to pre-pay for FSD, total a vehicle, pay for FSD again when buying another exact same vehicle, then have really bad luck by totalling it yet again, and replacing the vehicle with yet another of exactly the same vehicle. Should I have to personally pay for FSD three times for all three of those vehicles? I don't see how Tesla could justify asking me to do that. Many of us would literally not be able to afford to do this (especially after the FSD price increases greatly in the future!). It would cost Tesla literally nothing to transfer the FSD service to each of my replacement vehicles. And, insurance companies will be motivated to pressure Tesla into adopting a policy of transferring FSD for the same owner of the same exact replacement vehicle. The cost of FSD shouldn't have to be covered by an insurance policy. If Tesla doesn't find this reasonable, they will definitely give themselves a major black eye as the anti-Tesla types endlessly slam them for such a barbaric, impossibly-expensive policy.

 

[duck]

From everything I've gotten from Tesla-related forums and YouTube channels, I think Tesla is still working on how to work this all out since many have been expressing their concerns about this problem. One option will probably be a FSD subscription (pay by the month). And the mentioned problem will only be worse as the price of FSD goes way up after its fully-autonomous capabilities are close to being approved by state governments and its deployment is inevitable (I've heard guesses of at least $50k per vehicle). I can't imagine having to pre-pay for FSD, total a vehicle, pay for FSD again when buying another exact same vehicle, then have really bad luck by totalling it yet again, and replacing the vehicle with yet another of exactly the same vehicle. Should I have to personally pay for FSD three times for all three of those vehicles? I don't see how Tesla could justify asking me to do that. Many of us would literally not be able to afford to do this (especially after the FSD price increases greatly in the future!). It would cost Tesla literally nothing to transfer the FSD service to each of my replacement vehicles. And, insurance companies will be motivated to pressure Tesla into adopting a policy of transferring FSD for the same owner of the same exact replacement vehicle. The cost of FSD shouldn't have to be covered by an insurance policy. If Tesla doesn't find this reasonable, they will definitely give themselves a major black eye as the anti-Tesla types endlessly slam them for such a barbaric, impossibly-expensive policy.

You're right. How could Tesla have overlooked the likelihood that one person could totally destroy three cybertrucks in a row. Such a person should never have to incur any financial loss.

 

[Blue Steel]

Wow! Full replacement in the US insurance market? That’d be a first.

Best buddy had full replacement cost coverage when his home burned down to the ground in CA. Insurance replaced everything *exactly* circa date of the vehicle. Any change in spec, price or features was outside the scope of his policy. He paid big bucks with replacement full coverage $XX,XXX.XX.

On his home the insurance would only rebuild according to circa dated drawings. Code upgrades, revisions and ordinance required fire proof construction were all not included and outside the scope of the insurance.

Yeah, no! Insurance is only better than nothing. Insurance companies are the first to remind you how lucky you are to have a policy at all.

I used to work around the insurance industry. Almost every homeowner I encountered is under insured. They opted for the cheapest option to insure their most valuable possession. 95% of the time that's fine. But the homeowners I met were the 5% that had a disaster. Lots of people had to come out of pocket to have their homes rebuilt.

Check your coverage, everyone. You probably need more!

 

[Jhodgesatmb]

If you total the vehicle, you want your insurance to cover the replacement. There are insurance products that do full replacement (That's what I used for my car). They are a little more expensive.

-Crissa

The thing is, adding $10K to the replacement cost when it is a software switch will not sit well with the insurance companies, not even Tesla. I suspect that damage claim payments will be low on this account. I just wrote @elonmusk a letter hoping that Tesla will reconsider this issue.

 

[Crissa]

The thing is, adding $10K to the replacement cost when it is a software switch will not sit well...

...Then they're a scam, and not insurance.

-Crissa

 

[Jhodgesatmb]

FSD is a feature of the vehicle. If the vehicle is gone, the feature is gone. What did you expect? A golden ticket that stays with you for the rest of your life?

A steering wheel or fender is part of the vehicle, as are cameras and sensors. Every Tesla vehicle has all the hardware necessary to use FSD but FSD is simply switched on and off by Tesla through software.

 

[Jhodgesatmb]

...Then they're a scam, and not insurance.

-Crissa

Maybe they are, would that be a big surprise?

 

[Eye of Elon]

The problem is, vehicles get totaled for minor damage these days.

 

[rlhamil]

A steering wheel or fender is part of the vehicle, as are cameras and sensors. Every Tesla vehicle has all the hardware necessary to use FSD but FSD is simply switched on and off by Tesla through software.

Hmm. There are the development costs, and then there are the per-unit costs. Even if there's some server side operation required, the per-unit costs are modest provided the hardware is already capable of FSD. The cost of switching from a totaled vehicle to a replacement should be near zero - maybe ten bucks for record-keeping and data entry, tops.

But certainly in any other case (sale of non-totaled used vehicle) the FSD should stay with the vehicle rather than with the first owner.

 

[Revoltlution]

...Then they're a scam, and not insurance.

-Crissa

My original point considers that our FSD purchase price may be long gone, buried in a subscription or some future value (i.e. $100k), through no fault of your own.

My preferred solution would be to let this software purchase follow the owner not the VIN. Maybe if we all start a strongly worded letter campaign we can change Elon's mind . This would also add incentive some to upgrade to sooner. Still able to sell a great car and let new owner pick up the latest FSD pricing.

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