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I’m trying to plan for my move. Should I buy U-haul insurance?
If you’re worried about it, yes.
It adds on to the cost of the move. Their top insurance covers the liability, the medical
and contents, but at a steep upcharge.
Your auto insurance doesn’t cover damage to the U-haul or the trailer in most cases.
Most insurers won’t cover trucks over 9,000 pounds.
Dang. I was hoping that insurance meant I could skip U-haul insurance.
If you damage the rental equipment without their insurance, they’ll bill you for the
damage as well as the money they would have made renting the truck out while it is getting
fixed.
What happens if someone rear ends the end of the trailer? That’s not my fault.
You pay for it, if you don’t pay for their insurance.
Basic coverage just covers accidental damage to the truck. Cargo coverage covers contents
of the vehicle, your stuff.
If you add on medical and life coverage, they’ll pay some money toward medical bills in an
accident and in case you kill someone while driving.
I hadn’t thought of that before. I really need that type of coverage.
If you’re that concerned about killing someone while driving, let someone else drive. Don’t
drive cross-country singing Jesus Take the Wheel, praying for a miracle.
What happens if I refuse the Uhaul insurance?
They have the option of requiring a larger deposit to compensate.
If I use my credit card to pay the deposit, I’ll get coverage like I do for rental cars.
Credit cards treat it like the auto insurer; they don’t cover U-hauls.
What happens if I don’t have insurance and get in an accident?
Then both the person whose car you damaged and U-haul can come after you for all of their
bills.
Sounds like the Uhaul insurance is an investment, if just in peace of mind.
Remember to watch your stuff, though. Their insurance doesn’t cover theft while you’re
moving.