Do You Need U-Haul Insurance?

Moving presents a plethora of difficult obstacles. Driving a large moving truck that you are not familiar with can put you at a greater risk of being involved in an accident. In addition, if your relocation will take several days of travel, you run the chance of having the personal belongings you are transferring stolen or damaged in some way. It's possible that the auto insurance and homeowner's insurance policies you have could give some coverage for a rental truck and your valuables while they're in transit. However, it's likely that you'll require additional coverage. The good news is that U-Haul has a number of insurance solutions that can safeguard both the rental equipment and the important items in your possession.

Key Takeaways

It is possible that your personal auto insurance policy may not cover a rented moving truck, and it is also possible that your homeowner's or renters insurance policy will not give adequate coverage for all of your personal belongings.
Even if they offer some insurance for rental cars, credit cards typically do not cover moving trucks, despite the fact that they offer some protection for rental automobiles.
U-Haul provides customers with a number of different rental equipment insurance packages, some of which include cargo protection, liability protection, comprehensive coverage, damage waiver coverage, and medical expense coverage.
In addition, U-Haul provides coverage for roadside assistance as well as insurance for personal possessions that are kept in a storage facility owned by U-Haul.

What Does It Mean to Have U-Haul Insurance?

When you rent one of U-cargo Haul's vans, moving trucks, pickup trucks, trailers, tow dollies, or vans, you have the option to purchase insurance from U-Haul. This insurance is known as U-Haul insurance. U-Haul provides a number of insurance plans, each one catering to a certain category of possessions and offering varying degrees of protection. Even if your auto insurance policy or credit card provides some coverage when renting a passenger car, it's quite unlikely that they will cover cars designed specifically for hauling cargo. And if you rent equipment from U-Haul without purchasing insurance, you run the risk of having to pay for any damages or injuries out of your own pocket if an accident occurs. Moving insurance from U-Haul provides some of the same sorts of coverage that are available in an auto policy. These types of coverage include medical payments coverage and damage waiver coverage, which pays for damages to the equipment that you rent if it is damaged. However, some of the insurance packages offered by U-Haul also cover your cargo in the event that it is damaged as a result of a collision, fire, or storm.

What Are the Limits of the U-Haul Insurance Policy?

Although U-Haul provides a variety of insurance options, many insurance packages are only available for certain categories of moving equipment.

Safemove

Moving trucks are the only vehicles for which U-Safemove Haul's insurance package is available for purchase; it is not available for cargo vans or pickup trucks. Included in Safemove are: Damage waiver: Covers accident damage to U-Haul rental equipment; does not cover damages caused by collisions with overhead objects, such as overpasses. Covers damage caused by other types of accidents. Cargo protection pays for repairs to damaged goods in the event of an accident, a fire, and overturn, or a windstorm. Life and medical protection, including covering the driver's and passengers' medical expenses

Safemove Plus

Safemove Plus is a moving truck protection service that contains the following features: All Coverages Offered by Safemove, Including Damage Waiver, Cargo Protection, and Life and Medical Coverage Free from exclusions coverage includes: Damage waiver coverage for the Safemove Plus package provides protection against overhead collision damage, in contrast to the basic Safemove package. Supplemental liability coverage: Provides $1 million in supplemental personal liability coverage.

Coverage for Pickup Trucks as well as Cargo Vans

Only collision damage waiver coverage is available from U-Haul, and it comes with a $150 deductible for any accidental damage that may occur to the company's fleet of cargo vans and pickup trucks. There is a possibility of additional deductions being applied to corporate clients. U-Haul customers who rent an automobile, a trailer, or a tow dolly can take advantage of the company's Safetow protection plan. It provides coverage for damages to the rental equipment, protection against loss of life and medical expenditures for drivers and passengers, and numerous levels of protection for cargo, among other benefits.

Safetrip

Safetrip provides roadside assistance for a set charge, which includes the following:

Fuel delivery
A running start
Lockout service
Lost keys
Stuck vehicles
Problems in attaching the trailer

The Safestor and Safestor Mobile

coverage offered by U-Haul protects your things while they are stored in a storage facility that is operated by U-Haul. Personal belongings stored in U-Box moving containers are safeguarded by Safestor Mobile. The following are some of the hazards that are covered by the various packages offered by Safestor:

Burglary
Earthquakes\sExplosions
Lightning Hail Water seepage Fire
Smoke
Vandalism
Vermin

Exclusions

Safemove does not provide coverage for damaged tires or equipment that has been damaged as a result of colliding with objects located overhead.
It is not possible to purchase Safemove Plus in the following countries: Canada, Connecticut, Louisiana, New Jersey, or New York.
Even when towed on U-Haul auto transport equipment or transported in a U-Haul moving truck, your personal vehicle and its contents are not covered by the Safemove, Safemove Plus, or Safetow policies offered by U-Haul.
It is possible to damage the transmission of a U-Haul truck by rocking it while attempting to free it from mud or snow. This type of damage is not covered by Safemove or Safemove Plus.

What Are the Limits of Your Current Insurance Policy?

Before you rent a moving truck, you should check with your insurance agent to see if your auto, homeowners, or renters insurance policies offer any protection for the rental vehicle or your personal belongings while they are in transit. If they do, you will need to make sure that you have enough coverage. It's possible that your homeowner's or renter's insurance policy covers your belongings up to a specified maximum. Your auto insurance policy may offer some coverage for a conventional rental car, but many policies impose a size restriction on the vehicles for which coverage is provided, and moving trucks typically exceed those restrictions. On the other hand, if you rent a cargo van or pickup truck from U-Haul, it is possible that your personal auto insurance policy will cover it. It's possible that you'll have the option to buy personal effects insurance and a separate policy for extra liabilities in certain circumstances. However, before declining the insurance that comes with the rental truck, it is wise to consult with an insurance professional. While it's possible that your credit card will pay the cost of renting a car, it's much more likely that it won't cover the cost of renting a moving truck. Before declining rental vehicle insurance, it is important to review the terms and limitations that come with your credit card.

There Are Many Varieties of Moving Insurance to Choose From

There are other truck rental companies that offer insurance packages that are comparable to U- Haul's, albeit the availability of these packages may vary depending on your region.

Truck Insurance from Penske Truck Rental

Coverage for damage to rental trucks and towing equipment is provided under the limited damage waiver.
Personal accident insurance covers medical expenses and accidental death in the event of an accident for the policyholder as well as any passengers in the vehicle.
Supplemental liability insurance provides liability coverage of up to one million dollars, protecting the policyholder against claims of bodily harm as well as property damage.
Cargo insurance offers coverage of up to $15,000 for customers' personal belongings while they are being carried in a Penske vehicle.
Coverage for a towed vehicle when it is hitched to or being towed by a Penske rental truck is provided by towing insurance.

Insurance for Rental Trucks from Budget

Waivers for limited damage and personal damage cover loss or damage to equipment rented from Budget, as well as liability for theft of that equipment.
Included in the coverage provided by supplemental liability insurance is liability protection against claims of physical injury and property damage.
Protects both you and the cargo you are transporting while you are behind the wheel of a Budget rental truck.
Auto tow protection protects your personal vehicle when you are using Budget rental equipment to pull it behind another vehicle.
Roadside SafetyNet provides emergency roadside assistance in addition to the regular rental agreement's exclusion of this service.

Insurance for a rental truck from Enterprise

The renter's obligation for any damage or loss to the rented equipment is eliminated or reduced when they purchase a damage waiver.
Roadside help protection includes services such as fuel delivery, service for flat tires, jump starts, lockout assistance, and key replacement.
The coverage provided by personal accident insurance includes accidental death payouts, reimbursement for ambulance expenses, and coverage for medical expenses incurred by the driver and passengers.
Additional liability protection offers up to $300,000 in liability coverage and protects you from lawsuits.

There are four independent moving insurance companies.

You also have the option of purchasing third-party truck rental insurance from any one of a number of different companies, such as the following:

Lakeland Insurance
Relocation Insurance Group
UNIRISC

Should You Get Insurance for Your U-Haul?

Get in touch with your insurance agent to find out whether or not your current auto and house insurance coverage gives any protection before deciding whether or not to purchase U-Haul insurance. In most cases, the protection offered by your current insurance will not be sufficient to meet your requirements. Even if your auto insurance and house insurance only provide a minimal amount of coverage, it may still be in your best financial interest to obtain coverage from U-Haul. Insurance packages that are typically given by companies that hire trucks tend to provide the most extensive coverage possible. These packages typically include protection for the rental equipment as well as insurance for the property that is being transported. When operating a large and heavy vehicle, having enough liability coverage is of the utmost importance. The Safemove Plus package from U-Haul offers generous liability coverage of $1 million.

Questions That Are Typically Asked (FAQs)

What is the minimum age requirement to rent a U-Haul truck?

People as young as 16 can rent trailers through U-Haul, but in order to rent a truck, a driver must be at least 18 years old. When renting any equipment from U-Haul, customers are required to have a valid driver's license issued by the appropriate government agency.

How much does insurance cost for a U-Haul?

Your location will determine how much you will be charged for U-insurance. Haul's When we requested estimates in a few different ZIP codes, the cost of a bundle of Safemove insurance ranged from $14 to $16 per day, while the cost of Safemove Plus was $30 per day.

How do I go about making a claim on my U-Haul insurance policy?

Truck rental insurance is available through the Repwest Insurance Company through U-Haul. You can submit a claim either online at repwest.com/Claims or over the phone by calling 800-528-7134 (in the USA) or 800-661-1069 (in Canada).

When I rent a vehicle from U-Haul, do you need the information for my insurance policy?

If you rent equipment from U-Haul and choose not to purchase insurance, the rental agent will want you to submit documentation that you have other forms of coverage.