Renting A Moving Truck? Three Reasons Why You Should Purchase Moving Truck Rental Insurance
Posted on: 22 May 2019
If you are moving, you may be renting a moving truck and moving yourself. When you reserve your moving truck online and/or when you go to pick your moving truck up, you will be asked if you want to purchase a supplemental moving truck rental insurance policy. Many people make the mistake of saying no without learning how it can be beneficial to them. Here are three reasons why you may want to say yes to an additional insurance policy when you are renting a moving truck.
Your Auto Insurance May Not Cover a Moving Truck Rental
One of the top reasons to purchase moving truck rental insurance from the rental company is that your auto insurance company may not cover you in a moving truck. Most people assume they will be covered, but this is not the case. Before you rent the truck, contact your auto insurance company and find out for sure if they cover you driving a moving car. If you are unsure if you are covered by your auto insurance policy when renting a moving truck, it is better to be safe and purchase the insurance.
Moving Truck Rental Insurance Coverage Typically Has No Deductible
Another benefit associated with purchasing moving truck rental insurance is that most of these insurance policies have no deductible. As such, even if your insurance does cover you in a moving truck, it can be beneficial to purchase this supplemental policy. Your insurance company may charge you your deductible to repair the damage, which can amount to hundreds or even a thousand dollars.
Moving Truck Rental Insurance Also Covers Your Belongings
The final reason why you should consider purchasing moving truck rental insurance when you are renting a moving truck is that this insurance also covers your belongings. If you park your moving truck at night and the entire truck is stolen, the insurance policy will pay you the current value of the items housed inside, up to the policy limits. Additionally, if it is raining and your truck leaks and your property is damaged, insurance will pay for repairs to your belongings or replace them.
Moving truck insurance coverage can help to protect you against financial loss if you are involved in an accident in the moving truck, or if your belongings are stolen or water damaged in the moving truck. In many cases, it is wise to purchase this kind of insurance when you are getting a truck like a U-Haul truck rental.
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