Renting A U-Haul: Do You Need Insurance To Rent One?

When getting ready for a move, you need to take even the smallest things into consideration. When you rent a U-Haul, you want to make sure that not only your belongings, yourself, and your passengers are protected, but that the U-Haul itself is protected. While you may think that your automobile insurance carrier will cover any damages done to the U-Haul if you get into an accident, you may be wrong. Depending on the size of the U-Haul that you rent, you could find that you are without protection if you depend on you automobile insurance. You need to check with your agent.

Coverage Options through U-Haul

While it is not a requirement, U-Haul does have some options available to the renter that would protect them in case anything should happen to the driver, passenger, cargo, or to the U-Haul itself. Because of this deficiency, U-Haul offers an optional coverage on their moving trucks to help protect their equipment and keep you from being liable. While this coverage is optional, you would be responsible for any damages done to the truck with this coverage. This responsibility would be effective immediately and include any damages but lose to any rental income.

Here are a few options offered by U-Haul’s insurance protection:

  • Safemove: This package is popular and covers the truck and everything inside it, which includes passengers, driver, and any cargo. This package has no deductible for most incidents and allows you to be free of responsibility for any accidental damage. The cargo is protected in case the vehicle is overturned in windstorms or through fire, and collisions. The value is for actual value (not just replacement value) and covers up to $25,000 if you are renting a vehicle one-way or up to $15,000 if you are renting a vehicle in-town. There is also a provision for medical bills of up to $1,000 per person in case of an accident. It also pays $25,000 in case of loss of life for the person who rents the vehicle and $15,000 for any passenger loss of life.
  • Safemove Plus: This package includes everything from the Safemove package, plus an added protection for others. This package includes an additional $1,000,000 of protection for third parties not in the rental process that may have injury or property damage. This is also used for lawsuits.
  • Collision Damage Waiver: This protection is strictly used when renting a van or pickup truck. It does not cover cargo, liability, or medical expenses. It will only cover any damage to the U-Haul equipment.

Coverage Options for Things Not Covered

There are some things that the U-Haul Safemove coverage does not cover, such as a vehicle towed behind a U-Haul. Please check with your vehicle insurance carrier as they may have provisions regarding this. Safemove will cover your vehicle, however, if it is being moved within the cargo hold of the trailer.

In addition, some renters and homeowners policies will provide additional coverage for belongings in the cargo area of the U-Haul while in transit. Once again, check with your policy holder in order to find out.

Nevertheless, this doesn’t mean that you shouldn’t get the Safemove protection. If you do not get the protection and something happens to the U-Haul, you will be held responsible for the damages and any time that it takes to fix them.

When you’re looking in the Jackson, Tennessee area for a reputable U-Haul dealer, look no further than Markham Self Storage. We have professionals that you can contact for help or to answer any questions you may have regarding U-Haul or self-storage needs. We even offer moving supplies if you are looking to finish your packing. If you have any questions regarding truck rental insurance, our professionals can help you with these concerns.

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