“Essential Insurance Tips for Renting a Moving Truck”

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Will My Car Insurance Cover a Moving Truck Rental?

Millions of Americans move every year, often renting a moving truck from companies like U-Haul. A common question is whether your auto insurance covers these rentals. Unfortunately, most auto insurance policies do not cover U-Haul rentals due to the size and weight of these vehicles. However, smaller rental vehicles might be covered. It’s important to note that rental companies typically offer insurance to cover your trip.

Should I Purchase the Insurance Offered By the Rental Company?

While you can rent a moving vehicle without your own coverage or coverage from the rental company, it’s not advisable. Credit card rental insurance often doesn’t cover truck or trailer rentals due to size and weight limits. For instance, Visa and Mastercard typically exclude rental coverage for trucks or full-size vans.

Even if your auto insurance covers a U-Haul rental, you would need to pay for any damage out of pocket and then seek reimbursement from your insurance company. Given these factors, it might be wise to consider purchasing coverage from the rental company. Some rental companies offer a minimum amount of built-in liability coverage, but it may not be sufficient to cover all costs related to damage or injuries.

Types of Coverage You May Purchase

• Collision and Damage Waivers: The rental company agrees not to seek money from you if the rental truck is damaged or stolen.
• Supplemental Liability Insurance: Helps pay expenses if the moving truck you’re driving damages someone else’s vehicle or property.
• Accident and Cargo Protection: Covers costs associated with injuries or accidental death involving you or other drivers in your moving truck. It may also cover certain types of damage.
• Auto-Tow Protection: Covers certain kinds of damage to your car if it is being towed by a moving truck.

What Other Costs May Be Associated With Moving Using a U-Haul?

When budgeting for your U-Haul rental and the necessary insurance, consider setting aside money for these additional costs:

• Moving Insurance: Homeowners or renters insurance might not cover your belongings during the move. A separate moving insurance policy can cover the costs to replace lost or damaged items.
• Gas and Tolls: Especially for long-distance moves, budget for gas and tolls. Toll prices may vary based on the size and weight of your moving truck.
• Roadside Assistance: If you don’t already have roadside assistance, consider purchasing it from the rental company in case you need services like a flat tire fix or towing.
• Packing Supplies: Items like boxes and tape are essential for packing your belongings.

The Bottom Line

Before purchasing coverage from U-Haul or another rental company, check if any of your credit cards provide coverage. Even if they do, you might still want to buy additional insurance to ensure proper protection for yourself, your passengers, and your belongings.

For any mortgage service needs, call O1ne Mortgage at 213-732-3074. We are here to assist you with the best mortgage solutions tailored to your needs.

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