Call your insurance agent to see if your personal car policy covers renting a moving truck. Even if your policy covers some car or truck rentals,. Even if your policy covers some car or truck rentals, there may be exclusions depending on the size or weight of the truck. If you rent a moving van, which is similar in size to a passenger van, a personal car policy is more likely to cover it, but don't take it for granted.
Many auto insurance policies don't cover renting large trucks. Most likely not, most auto insurance policies have a maximum weight limit for the vehicles they will insure, including personal cars, but they generally exclude cargo vehicles. Therefore, your standard auto insurance policy probably doesn't cover your rented truck. If you rent a small U-Haul vehicle, such as a pickup truck or van, there's a chance you can get coverage under your auto insurance policy, but it's not guaranteed.
While you're not required by law to insure the rental of a truck or van, it's worth considering avoiding being liable for any damage caused. When deciding how much truck rental insurance to buy, consider what your other policies don't cover and what your level of comfort is in terms of coverage. If you've looked for GEICO moving truck coverage, it will be very different than GEICO car rental coverage. Moving Truck Rental Company U-Haul Estimates Nearly 45% of All Moves Occur Between Memorial Day The other driver will also be responsible for paying the “loss of use” fee to the truck rental company.
However, that's not exactly the case: While auto insurance policies generally cover rental cars, many of them don't cover vehicles that exceed a certain weight or specifically exclude cargo trucks and moving vans. That means that renting a truck is probably not currently covered by your specific car insurance policy. The latter, truck rental insurance, may not seem as important as the other factors, but you should still think about it; after all, having adequate insurance is the only thing that exempts you from liability and will protect you from financial losses if you have an accident with your rented moving vehicle. Most credit cards offer car insurance coverage for rental vehicles, but they generally don't cover exotic cars and moving trucks.
Rather than simply hoping you won't have an accident, it's better to research how your own personal car insurance works with a rental moving truck. Knowing if your policy covers truck rental and the exact amount of protection it provides will help you decide if you need additional insurance and exactly what type of coverage is a good idea to get (damage waivers, additional liability insurance, personal accident protection, cargo) The personal finance website also notes that “the rental benefits offered by Visa exclude all trucks and vans with capacity for more than eight people. The four main types of truck rental insurance include damage waivers, supplemental liability insurance, personal accident protection and car loading and towing protection. Both include coverage for damage to the rented van and your personal belongings, as well as medical and life coverage.
This means that your car insurance will most likely not cover your rental moving truck, and you'll need to purchase additional insurance to get the right coverage in the event of an accident. A rental car will receive the same coverage options included in your policy, but a moving truck will not receive it. .