When you rent a moving truck, one of the common dilemmas is whether to purchase insurance from the rental company. However, the need for insurance depends on various factors, including the type of vehicle you rent and your existing insurance coverage. Let’s explore this topic further to help you make an informed decision.
Most rental car companies offer collision and comprehensive coverage, which is aimed at protecting the rented vehicle. In many cases, if you have a personal auto policy, it may already cover the usage of a temporary replacement vehicle, typically up to 12,000 gross vehicle weight (GVW). However, if the rented vehicle exceeds this weight limit, it would likely be excluded from coverage. Another factor to consider is whether the truck’s cab is separated from the bed, as this can also create an exclusion from coverage under most auto insurance policies.
When it comes to truck rental companies, they generally provide four types of coverage options:
Damage Waiver: This coverage protects you in the event of damage to the rented truck. If you decline this coverage, you become responsible for any damage to the vehicle, regardless of fault. It’s important to note that depending on the extent of the repairs required, you may also be held accountable for the loss of use of the vehicle.
Liability Coverage: This coverage comes into play if you cause damage to someone else’s property or injure another person while driving the rented truck. While your personal auto policy may provide some coverage, it’s essential to contact your insurance provider in advance to confirm the extent of coverage. Remember, each insurance company has different policies and requirements.
Cargo Coverage: It’s crucial to understand that your personal auto policy does not cover any cargo you are transporting in the rented truck. If you are carrying valuable items during the move, you might consider purchasing cargo coverage, especially if the value of the cargo is significant. However, if you are transporting items that are less likely to be damaged, such as a mattress, it might be wise to save your money and forgo this coverage. Ultimately, the decision depends on the nature and value of the items being transported.
Personal Injury Protection: This coverage, often referred to as no-fault insurance, can be utilized if you are involved in a motor vehicle collision, regardless of the vehicle you are traveling in. It provides coverage for medical expenses and other related costs resulting from the accident.
Please note that this article serves as general information and should not be taken as specific advice. Each insurance company operates differently, and coverage can vary significantly among carriers. To ensure that your specific situation is adequately covered, it is advisable to contact your insurance provider directly and speak with a licensed agent. They can provide personalized guidance based on your circumstances and clarify any concerns you may have about renting a vehicle.
Feel free to reach out to our office if you have any further questions. We are here to provide information and assist you, but it’s important to consult with a licensed insurance agent for comprehensive advice that aligns with your insurance carrier’s specific policies.