Truck rental insurance coverage is a must when renting a truck for your move. Find out the different types of truck rental insurance that's available.
When renting a truck for your big move, you hope that everything runs smoothly. But in case there's a mishap such as an accident or theft, you want to be protected. That's why it's crucial to have the right type of protection for your truck rental so that you can have piece of mind during and after your move. Listed below are a few of the different types of truck rental insurance policies that you can choose from.
Limited Damage Waiver (LDW)
Like the name suggests, the limited damage waiver protects you against truck rental damage, but only up to the stated policy amount. It protects you whether you are at fault or not. However, it does not cover costs related to damage to persons. For example, if you were personally hurt or others were hurt in a truck rental accident, you would not be covered under this type of policy.
Before purchasing a Limited Damage Waiver policy, just check policy limits to make sure your satisfied with the level of coverage. Once you do choose a policy, adhere to its terms; otherwise, it can be null and void. For instance, do not let anyone else drive the truck (unless they're listed as an additional driver) since it will cancel the coverage in case of an accident.
Supplemental Liability Insurance (SLI)
This type of insurance covers you and the rental truck company against claims from third parties. It covers damage that you might have caused to their vehicle and/or person. Before buying this type of policy, review its exact coverage terms as policies do differ. And stick to the terms of the policy to ensure ongoing coverage.
Cargo Insurance
Cargo insurance covers any theft or damage that might occur during your truck rental move. That can include items that are stolen on the truck, as well as those damaged during transit. If you're moving very expensive items it might be wise to take out this type of policy. Or if you're moving long distance, it can protect you against damage during the long transit. Again, review policies to see which one makes the most sense for your belongings.
