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Develop and improve products. List of Partners vendors. Insurance Other Insurance Topics. Table of Contents Expand. Table of Contents. What Is U-Haul Insurance? Alternative Types of Moving Insurance. By Michael Evans. Michael Evans has written about insurance for over two decades. Finance, among others. In addition to finance writing, Michael is the author of "Escape to Colombia" and is an accomplished professional photographer.
Learn about our editorial policies. Key Takeaways A personal car insurance policy might not cover a rental moving truck, and home or renters policies may not provide adequate coverage for all your personal items. Typically, credit cards do not cover rental moving trucks, even if they provide limited protection for rental cars.
U-Haul offers several rental equipment insurance packages that include comprehensive coverage, damage waiver coverage, liability protection, medical expense coverage, and cargo protection. U-Haul also offers roadside assistance coverage and insurance for personal belongings stored at a U-Haul storage facility.
U-Haul warns its customers that all major credit card companies and most insurance providers do not provide coverage for U-Haul's rental equipment. Budget Truck Rental reminds its customers that they should verify with their insurance provider that they do or don't have rental truck coverage. Assuming that you have a certain type of coverage could cost you. NerdWallet notes that purchasing coverage through your rental company means you don't have to guess whether you have coverage in the event of an accident.
Review the company's coverage options, which should be listed on the company website. When you purchase your coverage, review the agreement to determine the following:. With U-Haul, you can choose between these two protection packages:. Penske and Budget Truck Rental offer a menu of coverage options that you can add to your coverage agreement. However, this usually will end up costing you more than a U-Haul package, especially on longer moves. According to The Zebra , if you decide to rent a U-Haul truck that has a full 1-ton towing capacity similar to an F or or smaller, your personal car insurance policy should extend to cover that vehicle, similar to if you rent a car.
If you need to rent a tow trailer, your personal policy should cover that as well. Keep in mind, that if the truck or tow trailer sustains damage when it's in your possession, you may have to pay additional fees. That's why you should still consider buying coverage from U-Haul.
If you rent a truck that has a towing capacity of over 1 ton, your personal policy won't provide any coverage. Remember that, while your personal policy may extend to smaller U-Haul trucks, it won't cover your cargo if you're at fault in an accident.
You should make sure that your homeowner's policy covers your cargo when moving. Overhead objects are a constant danger for drivers accustomed to operating vehicles half as tall as a rental truck.
YouTube videos from a notorious low-clearance "can-opener bridge" in Durham, North Carolina, show a steady procession of rental trucks among other vehicles incurring costly damage:. Cut, blown or damaged tires also aren't covered by standard rental policies. The collision coverage offered for rental vehicles isn't technically "insurance," although that's what everyone calls it. Rental companies always have insurance on their vehicles. What they sell you at the counter is a waiver — an agreement that says if the vehicle is damaged, the rental company and its insurer won't come after you financially.
Coverage you buy for a rental vehicle might apply only to the vehicle — not to the items you're using the vehicle to move. You may have to purchase additional cargo coverage to ensure that your belongings will be insured. However, if you have homeowners or renters insurance, odds are you have some protection.
Cargo protection obtained through a rental company usually limits the amount of coverage. Cargo coverage typically pays for only the actual cash value of your items, meaning it will pay for you to replace a 5-year-old TV with another 5-year-old TV, not a new one. However, you may not need additional coverage for one of your most valuable personal items. As long as you have collision or comprehensive insurance, any damage to your car on your way to your new home should be covered.
Like rental car companies, rental truck services provide minimum liability coverage with each rental. Our pickup trucks and cargo vans are ideal for home improvement projects, deliveries and other small loads.
Make sure you're covered no matter what equipment you're renting. The Collision Damage Waiver is the only level of coverage available for U-Haul pickup trucks and vans.
You're responsible for all damage to a rented trailer, tow dolly or auto transport. Covers damage to the U-Haul rental trailer or towing device. Covers damage to your cargo or vehicle while being transported with a U-Haul rental trailer, auto transport or tow dolly. Multiple levels of protection for you to choose from. Provides you with medical and life protection, in case of an accident subject to exclusions. Your passengers' protection applies only while they are riding in the passenger area of the towing vehicle.
Help is on the way when you need it! All U-Haul rentals include roadside assistance. Benefits include:. Any coverage provided or offered by any other Safe coverage is not covered or provided under this Safetrip coverage. Even if the applicable fee has been paid and subject to any limitations imposed by applicable law, Safetrip specifically excludes and does NOT apply to any condition resulting from the following: a intentional or criminal or willful, wanton or reckless acts; b misuse or abuse of the Equipment; c collision with an overhead object including but not limited to overhangs, trees, overpasses, garages, parking structures ; d collision with a bridge; e off-road use; f any damage resulting from improper fuel use; g overload of the Equipment beyond the GVWR; h use of the Equipment by someone other than the Customer or Authorized Driver; k any failures to comply with the terms and conditions of this Agreement.
Coverage for anything not set forth above is specifically excluded. Safe Passage is available only in select markets. Where available the following exclusions and limitations apply.
If your belongings are worth storing, they are worth protecting. While U-Haul takes precautions to provide a safe and secure storage environment, we are not responsible for damage or loss to your stored belongings. Homeowners insurance only covers U-Box stored belongings when they are located on your property. Certificate of Coverage. Additional exclusions may apply. All exclusions are explained in the Rental Contract and Document Holder.
Collision with an overhead object and cut, blown, or damaged tires are two specific exclusions not covered by Safemove or CDW.
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