Generally, your car insurance will not cover U-Haul or its rivals’ rentals. However, you may need to consider purchasing a separate insurance that would cover damage or injuries caused by an accident in a moving truck. If you lease a U-Haul vehicle for your move, be aware that you may be responsible for any repairs if you are in an accident that damages the car during the transfer.
Additionally, clients should get coverage from the company, which will protect them from being held accountable for any damage done to the vehicle. Furthermore, the conditions of renting a U-Haul vehicle are different from renting a vehicle, even if rental car insurance is comparable to those offered by car rental companies.
What is U-Haul Car Insurance
U-Haul car insurance is coverage that you may cover while renting one of their cargo vans, moving trucks, pickup vehicles, trailers, tow dollies, or vans. U-Haul provides many insurance options for various types of equipment, each with a different degree of coverage. While your car insurance policy or credit card may provide some coverage while renting a passenger car, they will most certainly exclude vehicles specialized for hauling freight.
Moreover, if you do not purchase insurance when renting U-Haul equipment, you may be required to cover an accident. Some of the same coverage found in a car policy is also included in U-Haul’s moving insurance. This includes medical expenses and damage waiver coverage, which covers losses to the equipment you rent. However, certain U-Haul insurance plans additionally cover your goods against storm, fire, or accident damage.
What Does Rental Coverage Include
Supplementary liability insurance and a limited damage waiver are the two types of short-term insurance that you may get in addition to your U-Haul rental. Whichever level of coverage you select will determine whether or not you have access to both types of coverage.
Supplementary liability insurance
In an event when you are at fault, supplemental liability insurance covers the harm you do to other people and their property. SLI is the insurance that covers any damage you cause in an accident, as outlined in the Rental or Sharing Agreement, for you and any approved drivers. Furthermore, this is the same as your personal vehicle insurance policy’s liability coverage.
Limited Damage Waiver
The insurance coverage that covers damage to the rental car itself is known as limited damage waiver insurance. In addition, when you buy your policy, you should be informed of any potential exclusion. LDW insurance covers physical damage to the rental car, such as dents and scratches.
For instance, if you drive beneath a low bridge because you misjudged the height of your rental vehicle, numerous LDW insurance would not cover damage from an overhead accident. Furthermore, this is the same as the collision and comprehensive coverage from your vehicle insurance policy.
What Does U-Haul Car Insurance Cover
A variety of insurance plans are available from U-Haul, but some are limited to particular kinds of gear. SafeMove is a brand-name insurance program that U-Haul offers for rental vehicles.
SafeMove
For moving trucks alone, you may buy U-Haul’s Safemove insurance package then pickup vehicles and cargo vans cannot be insured. Safemove consists of:
- Damage waiver: Provides coverage for unintentional harm to U-Haul rental equipment; excludes coverage for harm resulting from crashes into overpasses or other overhead structures.
- Cargo coverage: This includes coverage for harm caused by windstorms, fires, collisions, and overturns.
- Life/medical coverage: Pays for the driver’s and passengers’ medical costs.
Safemove Plus
The Safemove Plus protects moving trucks and includes:
- SafeMove policy: Damage waiver, cargo protection, and life/medical protection are all included in the Safemove coverage.
- Exclusion-free coverage: Safemove Plus’s damage waiver coverage includes overhead collision damage, in contrast to the standard Safemove package.
- Supplemental liability coverage: Provides $1 million in supplemental personal liability coverage.
Coverage for Cargo Vans and Pickup Trucks
U-Haul only provides collision damage waiver coverage (with a $150 deductible for unintentional damage) for its fleet of pickup vehicles and cargo vans. Furthermore, most clients could be needed to get additional deductibles.
Safetow
Safetow Trailer, tow dolly, and vehicle transportation are all covered by U-Haul’s Safetow policy. It provides numerous layers of cargo security, covers damage to the rental equipment, and covers driver and passenger life and medical expenditures.
Safetrip
Roadside assistance at a set charge is provided by Safetrip which includes:
- Supply of fuel
- Starts with a leap
- Lockdown assistance
- Misplaced keys
- Stuck cars
- Issues connecting the trailer
Safestor and Safestor Mobile
When storing your goods in a U-Haul storage facility, they are protected by Safestor and Safestor Mobile. In U-Box moving containers, personal property is safeguarded by Safestor Mobile. Safestor packages insure against losses brought on by several hazards, including as;
- Theft
- Explosions
- Earthquakes
- Burglaries
- Hail
- Seeping water
- Vandalism
- Smoke
- Vermin
What Does U-Haul Car Insurance Not Cover
Your current auto insurance coverage frequently extends to cover your rental automobile when you hire one. However, this isn’t the case if you hire a U-Haul. There are usually size limits on rental vehicles, even if your coverage includes them. It’s quite likely that a U-Haul will exceed those dimensions.
Additionally, this implies that you could have to pay out-of-pocket if you damage your rental truck and you don’t have U-Haul insurance. Moreover, the majority of credit card rental insurance policies do not cover rental trucks, and the same is true for rental vehicle insurance obtained by credit cards. Furthermore, getting extra insurance for your U-Haul can cover you effectively and is usually a smart idea.
Do Need U-Haul Car Insurance
Before buying or rejecting U-Haul car insurance, check with your insurance agent to see what your vehicle and house policies can cover. Typically, the protection you require won’t be covered by your current plans. Moreover, purchasing coverage from U-Haul may be the right choice even if your homeowners’ and car insurance only cover a limited amount of protection.
Rental truck providers frequently offer the most extensive insurance packages, which include protection for rental equipment with coverage for the item being transported. Furthermore, U-Haul’s Safemove Plus plan offers comprehensive $1 million liability coverage, which is an especially useful perk while operating a big, heavy car.
