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What Is U-Haul Insurance and Why Do You Need It?

Are you planning to rent a U-Haul truck for your upcoming move? Have you considered purchasing U-Haul insurance? Accidents can happen, even to the most careful of drivers, so it’s important to protect yourself and your belongings during the moving process. In this blog, we’ll explore what U-Haul insurance is, what it covers, and why it’s essential for a stress-free move.

What Is U-Haul Insurance?

U-Haul insurance is a type of commercial auto insurance that covers the rental moving truck, trailer, and other equipment for up to $25,000 in physical damage and $15,000 in liability. It also covers up to $1,000 in cargo for the duration of the rental period. U-Haul insurance does not cover the driver of the moving vehicle or its passengers. The cost of the insurance varies depending on the size of the rental truck and the duration of the rental period.

U-Haul also offers a damage waiver that covers up to $25,000 in physical damage to the vehicle and up to $2,000 in cargo damage. The cost of the waiver varies depending on the size of the rental truck and the duration of the rental period.

Other Moving Insurance Policies

If you’re looking for additional coverage for your move, you must consider alternate moving insurance policies, which include:

  • Personal Property Insurance – It covers up to $50,000 for damaged items that are being moved in the rental truck.
  • Liability Insurance – It covers up to $500,000 for any type of damage or injury that may be caused by the moving vehicle or its contents.
  • Rental Reimbursement Insurance – It covers up to $25,000 while the rental truck is being repaired.
  • Medical Payment Insurance – This covers up to $10,000 for medical bills resulting from an accident involving the rental truck.
  • Uninsured/Underinsured Motorist Insurance – It covers up to $500,000 for any damage or injury caused by an uninsured or underinsured driver.

Do You Need U-Haul Insurance?

If you’re planning a long-distance move, it’s good to purchase U-Haul insurance to protect your vehicle and its contents. U-Haul insurance will provide you with peace of mind if something unexpected happens while you’re on the road.
However, if your move is short or you’re only renting a truck for a few days, the cost of U-Haul insurance may not be worth it. In these cases, you can buy Personal Property or Liability Insurance.

It’s important to note that U-Haul has a strict policy of denying claims if the rental truck is used for any type of commercial activity. This includes transporting goods for business, delivering goods for compensation, or any other type of commercial activity. If you plan on using the truck for any kind of commercial activity, it’s essential to purchase a separate commercial auto insurance policy to ensure that you’re covered.

When it comes to protecting your truck on move, you have a few different options. U-Haul insurance is a great way to protect your rental truck and its contents, but you may want to consider other types of moving insurance. It’s crucial to weigh the cost of the insurance against the value of your move to determine if it’s worth it. No matter what type of moving insurance you choose, make sure to get the coverage that’s right for you.

Cover Your Moving Truck/Trailer with Abbate Insurance

Whether you need a personal or commercial auto insurance policy to cover your moving vehicles, Abbate Insurance can help. For more information on auto insurance or other moving insurance, contact us today.

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