Haris Ashley
U-Haul offers various insurance options for its rental products, including moving trucks, U-Box containers, trailers, and storage units. While purchasing insurance is not mandatory, it is worth considering as it provides financial protection in case of accidental damage to the rental vehicle or your belongings. U-Haul's insurance options, such as Safemove and Safemove Plus, offer coverage for different types of accidents, vehicle damage, and loss or damage to personal items. However, it's important to note that U-Haul insurance may not be necessary if your existing insurance policy already covers rental vehicles and accidents. Before deciding whether to purchase U-Haul insurance, it is recommended to review your current insurance coverage and the specific protection plans offered by U-Haul to make an informed decision based on your individual needs and circumstances.
| Characteristics | Values |
|---|---|
| U-Haul insurance cost | Starts from $15 |
| Basic insurance coverage | Included in the rental cost |
| Safemove® insurance coverage | $15 |
| Safemove Plus® insurance coverage | $28 |
| Safemove Plus® insurance coverage coverage | Covers damage to the rental and any damage done to another vehicle |
| Safemove® insurance coverage coverage | Covers most accident damage to rental equipment, including overhead and tire damage |
| Safemove® insurance coverage exclusions | Theft of your owned motor vehicle, accessories, or personal contents in the towed trailer or rented truck |
| Safestor® insurance coverage | Covers loss or damage caused by fire, hurricane, vandalism, burglary, earthquake, flood, and more |
| Safehaul® insurance coverage | Covers your items while they are in transit within a U-Box container |
| Safehaul® insurance coverage exclusions | Money, stamps, jewelry including watches, antiques, furs, motorized vehicles, bills, art, property deeds, credit cards, or other securities |
| Safetrip® insurance coverage | $5 per local rental or $7 per one-way rental |
| Safetow® insurance coverage | Varies depending on coverage levels and driving distance |
| Safetow® insurance coverage inclusions | Damage waiver, towed property protection |
| Safetow® insurance coverage exclusions | N/A |
| Safestor® insurance coverage cost | N/A |
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What You'll Learn
U-Haul insurance cost
U-Haul insurance is not a necessity, but it is recommended. Accidents can happen, and U-Haul insurance can provide peace of mind and protect you from financial liability. The cost of U-Haul insurance varies depending on the level of coverage chosen and your location.
U-Haul offers several insurance options, including Safemove, Safemove Plus, Safetow, Safestor, and Safetrip. Safemove provides coverage for accidental damage to the rental equipment and overhead and tire damage. It also covers loss or damage to cargo resulting from collisions, fire, windstorms, and overturns. The cost of Safemove is typically $15.
Safemove Plus includes additional liability coverage and costs $28. It provides coverage for damage to the rental equipment and any damage done to another vehicle. It also covers lost or damaged items if they are harmed in a collision, fire, windstorm, or overturn.
Safetow is U-Haul's damage coverage for rented trailers or towing devices. It covers damage to the rental trailer or towing device and any cargo or vehicles being transported with the rental trailer.
Safestor is a low-cost storage insurance option that covers loss or damage to stored goods from incidents such as natural disasters like floods, fires, and earthquakes.
The cost of U-Haul insurance can vary depending on your location and the level of coverage chosen. It is recommended to contact your local U-Haul center to find out specific rates and coverage options.
It is worth noting that U-Haul insurance is not a replacement for auto insurance. While U-Haul insurance can provide coverage for damage to the rental equipment and cargo, it may not cover all types of damage or incidents. Additionally, U-Haul insurance may not provide liability coverage for damage to third-party property. It is essential to carefully review the terms and conditions of U-Haul insurance before purchasing.
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Safemove and Safemove Plus
Safemove is U-Haul's standard insurance plan, which covers the rental truck and everything inside it. It includes medical/life coverage, cargo coverage, and a damage waiver. The medical/life coverage provides up to $1,000 of medical bills and life coverage valued at up to $25,000 for the driver and $15,000 for passengers in the event of an accident. The cargo coverage protects goods from collision, fire, windstorm, and overturn of the rental truck, with coverage amounts depending on the type of rental. The damage waiver frees customers from financial responsibility for most "accidental damage" to the rental truck, such as dents, paint chips, and dings, but does not include overhead collisions. It's important to note that Safemove does not cover property outside of that owned by the renter and U-Haul.
Safemove Plus is an enhanced insurance option that includes all the benefits of Safemove, plus supplemental liability insurance. This additional coverage provides protection for damage to others and their property, with up to $1,000,000 in coverage for property damage, bodily injury, or lawsuits brought by third parties not involved with the rental. Safemove Plus also offers a damage waiver, cargo protection, and medical life protection for comprehensive coverage. However, it is not available for U-Haul pickup and van rentals and is not offered in certain states, including New York, New Jersey, Nevada, Louisiana, and Connecticut.
The decision to purchase Safemove or Safemove Plus depends on individual circumstances and existing insurance coverage. U-Haul recommends checking with your insurance provider to understand the extent of your coverage before opting for their plans. While some customers may find these insurance options valuable, others may already have adequate coverage through their personal auto or credit card insurance policies.
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Safestor and Safehaul
Safehaul is another insurance option offered by U-Haul to protect your belongings while they are in transit. This option is especially useful when you are in between homes or need extra storage space. Similar to Safestor, Safehaul does not cover valuable items.
U-Haul offers various insurance options, including Safemove, Safemove Plus, Safetow, and Safetrip, to provide peace of mind and protect you financially in case of accidents or damage to your rental equipment or belongings. The company recommends purchasing their insurance as credit cards and car insurance policies typically do not cover rental equipment.
While U-Haul insurance is not mandatory, it is worth considering the potential risks and costs associated with damage or loss of your belongings. In some cases, your existing insurance policies may provide sufficient coverage, so it is essential to review your policies carefully before making a decision. Additionally, taking pictures and documenting the condition of the rental equipment before and after use can help protect you from any false claims or unexpected charges.
Overall, whether you choose to purchase U-Haul insurance or rely on your existing coverage, it is crucial to understand the terms, conditions, and exclusions of any insurance policy before finalising your decision.
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Credit card insurance
U-Haul states on its website that "damage coverage is essential because all major credit cards and most car insurance policies do not typically cover our rental equipment." This is because credit card coverage usually applies only to cars and other passenger vehicles. For example, the rental benefits offered by Visa exclude all trucks and vans that seat more than eight people. Similarly, American Express's exclusions include cargo vans and box trucks.
U-Haul offers a few different insurance options for its rental products, such as moving trucks, U-Box containers, trailers, and storage units. Their insurance options include Safemove, Safemove Plus, Safestor, and Safetow. These protection packages are subject to exclusions set forth in the U-Haul rental and storage rental contract and are not liability insurance. They are, however, optional. Safemove and Safemove Plus include coverage for damage to the rental truck and your personal belongings, as well as medical and life coverage. Safemove Plus also includes driver liability for approximately twice the premium.
While credit card insurance may not cover U-Haul rentals, it is still important to carefully check the extent of your coverage with the card issuer. All exclusions, terms, and conditions are stated in the policy, so it is crucial to read the policy carefully.
In some cases, credit card insurance may provide coverage for U-Haul rentals. One person on Reddit mentioned having a dozen credit cards, about half of which would cover a U-Haul rental. However, it is worth noting that commercial/box/transit-type vehicles are often excluded from coverage. Additionally, as mentioned earlier, it is important to carefully review the terms and conditions of your credit card agreement to confirm whether U-Haul rentals are covered.
Ultimately, when it comes to U-Haul rentals, it is generally recommended to purchase the company's insurance or protection packages to ensure you are adequately covered in the event of any damage or accidents.
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Personal auto policy
Personal auto policies often exclude coverage for different types of rental vehicles, especially cargo vehicles, trailers, and vehicles over a certain weight. This means that your personal auto insurance policy will likely not cover a U-Haul rental truck due to its size and weight.
However, some smaller rental vehicles, such as a small pickup truck or van, may be covered by your personal auto policy. It is important to check with your insurance provider to confirm whether your policy covers rental vehicles and what specific restrictions or limitations may apply.
Additionally, even if your personal auto policy covers a U-Haul rental, you may still need to reimburse U-Haul directly for any damage to the rental equipment and then deal with your insurance company separately. This is an important consideration, as U-Haul will charge you for any damage caused, including vandalism, regardless of fault if you decline their optional coverage.
Furthermore, it is worth noting that your personal auto policy may not provide adequate coverage for your belongings during a move. Therefore, you may want to consider purchasing additional moving insurance to protect your possessions in transit.
In summary, while a personal auto policy may provide some coverage for smaller rental vehicles, it is important to carefully review the specifics of your policy and consider purchasing additional coverage to ensure adequate protection during a move involving a U-Haul rental.
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Frequently asked questions
U-Haul insurance offers a few different insurance options for rental products, including moving trucks, U-Box containers, trailers, and storage units. The company provides minimum liability coverage with each rental, but it is usually not enough. U-Haul's SafeMove Damage Protection covers accidental damage to rental equipment, including overhead and tire damage. It also covers loss or damage to cargo resulting from collisions, fires, windstorms, and overturning of the rental truck. SafeMove Plus covers damage to the rental and any damage done to another vehicle.
The cost of U-Haul insurance varies depending on the coverage level and location. In most cases, coverage can start as low as $15, but it can go up to $28 for SafeMove Plus. Safetrip supplemental roadside protection costs an extra $5 per local rental or $7 per one-way rental.
U-Haul insurance can provide peace of mind and protect you from financial responsibility in the event of an accident or damage to the rental equipment. While it is not mandatory to purchase U-Haul insurance, it is recommended to carefully review your existing insurance policies and the rental agreement to determine if additional coverage is necessary. Some credit cards may also provide rental truck insurance, so it is worth checking before making a decision.
