Moving can be stressful enough but before you load your first box, an important question you have to ask yourself is, “Will I purchase moving truck rental insurance?”
It’s common for your auto insurance and credit card to exclude coverage for moving trucks.
“Damage coverage is essential because all major credit cards and most car insurance policies do not typically cover our rental equipment.” – U-Haul
“If you presume that your personal insurance will cover you in these rental truck situations as it might in a rental car, you better check with your insurer. This misconception could wind up costing you.” – Budget
How do you make sure you are covered?
Contact your auto insurance and credit card provider to confirm you have moving truck coverage. If not, then seriously consider purchasing coverage at the time of your rental.
U-Haul offers Safemove or Safemove Plus. Both include coverage for damage to the rental truck and your personal belongings in addition to medical and life coverage. For more info check out the coverage at https://www.uhaul.com/DamageCoverage/
Penske and Budget allow customers to select from a menu of coverage options, rather than bundling. However, the insurance option alone on a Penske truck is more expensive than buying a package from U-Haul in most cases, and the difference is more pronounced the longer your move. – NerdWallet