“`html

Will My Car Insurance Cover a Moving Truck Rental?

Millions of Americans move every year, and renting a moving truck from companies like U-Haul is a common part of the process. However, does your auto insurance cover these rentals? Unfortunately, most auto insurance policies do not cover U-Haul rentals due to the size and weight of these vehicles. Some smaller rental vehicles might be covered, but it’s essential to check with your insurance provider. 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 the rental company’s coverage, it’s not advisable. Credit card rental insurance often doesn’t cover truck or trailer rentals due to size and weight limits. For example, Visa and Mastercard typically exclude coverage for rented 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 seek reimbursement from your insurance company.

Given these factors, consider buying coverage from the rental company. Some rental companies offer a minimum amount of built-in liability coverage, but it might not be sufficient. Types of coverage you may purchase include:

• 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: This helps pay expenses if the moving truck 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 might 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, which may vary based on the size and weight of your moving truck.
• Roadside assistance: If you don’t have roadside assistance, consider purchasing it from the rental company in case of a flat tire or other issues.
• 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 protect yourself, your passengers, and your belongings adequately.

For any mortgage-related needs, feel free to call O1ne Mortgage at 213-732-3074. We’re here to help you with confidence and expertise.

“`