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Does My Car Insurance Cover U Haul?

Moving homes can be an overwhelming experience. Anything that makes the process smooth is welcome. This is where U-Haul comes in. But, you ask, does my car insurance cover U Haul? Let’s find out.
does my car insurance cover U Haul
Does My Car Insurance Cover U Haul?
This blog helps you answer questions like: Does my car insurance cover U Haul? Can I rent a U-Haul even without personal car insurance?
In this article

Moving days can be both exciting and stressful. When considering a U-Haul for your move, one of the critical aspects to ponder is insurance coverage. You might find yourself wondering: Does my car insurance cover U Haul? What options does U-Haul offer? Let’s delve into these essential questions to ensure a smooth and protected moving experience.

Does My Car Insurance Cover U-Haul?

No, generally, car insurance doesn’t cover U-Haul rentals. Auto policies often have weight limits, excluding coverage for cargo vehicles like moving trucks. Your standard policy likely won’t apply. Some coverage might apply for small U-Hauls (like pickups or vans), but it’s uncertain. Legally, insuring a rental isn’t mandatory. Yet, it’s wise to consider coverage to avoid potential damages you might be accountable for.

A comparison of car insurance quotes can help you get the best deal for your budget. Auto insurance with Beem covers damage to your vehicle, other vehicles or property, and injuries to yourself or others. 

Do I Need Car Insurance to Rent a U-Haul?

No, car insurance isn’t mandatory for renting a U-Haul. However, rental agencies usually prefer customers to have some form of insurance. While having personal car insurance to rent a U-Haul is not a strict requirement, it’s highly advisable to consider some form of insurance. 

U-Haul and other rental agencies prefer customers to have coverage when renting their vehicles. Otherwise, you might be responsible for any damages incurred during your rental period. Understanding U-Haul’s damage coverage and given questions can be beneficial.

Can I Rent a U-Haul Without Car Insurance?

Yes, you can rent a U-Haul even without personal car insurance. However, it’s crucial to note that declining coverage options from the rental agency leaves you vulnerable. In case of any damage to the rented vehicle, you might be personally liable for the expenses.

Does My Comprehensive Insurance Cover a U-Haul?

No. Your comprehensive insurance from personal auto insurance likely doesn’t cover U-Haul trucks. Typically, comprehensive coverage has limitations regarding vehicle weight, excluding larger moving trucks or cargo vehicles.

Do You Need U-Haul Coverage?

Yes, having U-Haul coverage is advisable. While it’s not mandatory, U-Haul coverage can protect you from potential liabilities or damages while using their vehicles. Without this coverage, you might be personally responsible for any accidents, damages, or injuries during your rental period. Considering U-Haul coverage helps safeguard you financially and provides peace of mind during your move.

How to Tell if U-Hauls are Included in Your Policy

Determining what vehicles fall under your policy’s coverage is more complex. Although your policy might not explicitly mention excluding U-Haul rentals, a U-Haul truck could still be excluded due to various factors. 

  • These factors include size and weight limitations, as many policies exclude vehicles above a certain weight (like a maximum gross vehicle weight of 10,000 pounds). 
  • Specific purpose exclusions also apply, such as vehicles designed for hauling cargo, potentially barring coverage for box trucks, moving trucks, cargo vans, and similar vehicles.

What Does A Rental Coverage Agreement Include?

The rental coverage for U-Haul typically splits into two parts: supplemental liability insurance and a limited damage waiver. Your chosen coverage level determines whether you’ll have both types or just one of these protections when renting a U-Haul.

Supplemental Liability Insurance (SLI)

Supplemental liability insurance (SLI) handles costs for damages caused to others or their property in an accident where you’re at fault. It covers you and any authorized driver for accident-related damages per the Rental or Sharing Agreement. Essentially, it parallels the liability coverage in your auto insurance policy, safeguarding against liabilities in case of an at-fault incident.

Limited Damage Waiver (LDW)

Limited damage waiver (LDW) covers damages to the rental vehicle and handling expenses for scratches, dents, and physical harm. However, LDW often has exclusions you should understand when buying your policy. For instance, it might exclude damages from collisions with overhead objects (such as misjudging the height and hitting a low bridge). Like comprehensive and collision coverage in personal auto insurance, LDW protects the rental vehicle from various damages.

What Are My Insurance Options Through U-Haul?

Every rental company offers distinct coverage choices, each with varying SLI or LDW limits. However, individuals renting via U-Haul can access the following options:

  • Safemove: Covers most rental equipment damage, medical protection, and belongings in accidents, excluding liability coverage.
  • Safemove Plus: Adds $1,000,000 liability coverage and overhead collision protection to Safemove.
  • Safetow: Protects rental trailers, towing devices, cargo, and passengers during towing.
  • Safe trip: U-Haul’s roadside assistance for emergencies like flat tires, towing, and fuel delivery.
  • Safestor: Secures stored belongings from risks such as fire, hurricanes, vandalism, and burglary.
  • Safestor mobile: Shields items stored in U-Box moving containers.
  • Pickup truck and cargo van coverage: Offers collision protection (excluding liability) for smaller vehicles.

Should I Purchase the Insurance Offered By the Rental Company?

When renting a moving vehicle, skipping insurance, whether your own or from the rental company, isn’t a smart move. Given the limitations of personal auto policies, purchasing coverage from U-Haul or the rental company is a prudent choice. Some rental companies offer basic built-in liability coverage, but more is needed for potential costs related to damages or injuries.

What Other Costs May Be Associated With Moving Using a U-Haul?

As you plan your U-Haul budget, consider setting aside funds for these DIY moving expenses:

  1. Moving Insurance: Consider a separate moving insurance policy for better coverage of your belongings during transit.
  2. Gas, Tolls, Roadside Assistance: Budget for fuel and tolls, and consider roadside assistance for emergencies during your move.
  3. Packing Supplies: Allocate funds for boxes, tape, and packing materials necessary for a secure move.

Conclusion

So, the answer to your question, ‘Does my car insurance cover U Haul?’ is ‘no.’ While your car insurance may not cover U-Hauls, understanding the available U-Haul insurance options and associated costs can prevent financial hiccups during your move. Prioritize your peace of mind by assessing your coverage needs and preparing for potential additional expenses. Always clarify your insurance coverage and any exclusions to ensure a stress-free moving experience with U-Haul.

You can use Beem to find the best insurance quotes to help you make the right choice. 

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Team Beem

Team Beem

Team Beem brings you the latest in the world of personal finance to you. From tips and tricks on how to manage money to how to get cash for emergencies, Beem is your destination for all the information you need to be smart about your money.

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This page is purely informational. Beem does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.

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