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I am renting a moving truck

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I am renting a truck from Penske for a move out of state. They offer extra insurance and I do not know if I need it. I am currently insured on my cars through Geico. Penske is offering:

1. limited damage waiver- covers damage to truck no matter who is responsible.

2. Personal accident insurance - accidental death and medical insurance for me and any passenger.

3. Supplemental liabiltiy - protects against bodily injury or property damage to others.

4. cargo insurance for my stuff.

 

I wanted some input from those who know the score before I call GEICO to see what they say.

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I am renting a truck from Penske for a move out of state. They offer extra insurance and I do not know if I need it. I am currently insured on my cars through Geico. Penske is offering:

1. limited damage waiver- covers damage to truck no matter who is responsible.

2. Personal accident insurance - accidental death and medical insurance for me and any passenger.

3. Supplemental liabiltiy - protects against bodily injury or property damage to others.

4. cargo insurance for my stuff.

 

I wanted some input from those who know the score before I call GEICO to see what they say.

 

 

Well, you are renting a commercial vehicle,as an owner to insure a commercial vehicle, depending on the state you are in minimum liability limits are generally $750,000 to $1m, (this runs me around $4-5k per year! )your personal auto covers no where near this amount. This is a big truck that can do alot of damage quick if you were to get into an accident.

 

I personally would not rent a commercial truck without being properly insured, as for the cargo insurance, this is incase you do have an accident, fire, theft, your contents (the cargo) would be covered, lets say that you rolled the truck and it burned to the ground, if you have cargo ins, the contents will be covered, if not, everything that you owned just went up in smoke.....bottom line is that commercial ins coverages are different that personal auto... Just speaking from experience as a commercial vehicle owner.

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Check your personal auto policy with GEICO...most of them have language regarding whether or not the truck would be covered for liability insurance, etc. I usually just get the insurance because I wouldn't want any claims going on my personal policy anyway. You can always not get it and hope that nothing happens... :grin: If you DO call GEICO, they should be able to point you to the section in your policy that addresses whether or not it is covered.

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Good advice to check with your insurer. Back when I was doing auto claims, one of our policyholder's car got hit by a gal driving a moving truck. She had gone down a narrow street hitting cars all the way down the street and ended up damaging about 10 cars. OUCH! Her auto insurance did not cover it, as that size vehicle was excluded from her policy. Poor girl assumed that her auto insurance would cover it and all these insurance companies were coming after her to pay up.

 

So definitely check with your insurer!

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Good advice to check with your insurer. Back when I was doing auto claims, one of our policyholder's car got hit by a gal driving a moving truck. She had gone down a narrow street hitting cars all the way down the street and ended up damaging about 10 cars. OUCH! Her auto insurance did not cover it, as that size vehicle was excluded from her policy. Poor girl assumed that her auto insurance would cover it and all these insurance companies were coming after her to pay up.

 

So definitely check with your insurer!

 

OUCH!

That sucks. She's probably still paying...LOL

I think it goes by the vehicle weight, right?

I'm dealing with non-standard now and it's a whole different ballgame...I don't even get "normal" claims anymore, LOL

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In my opinion no one ever " needs " insurance. One may want insurance to feel better about the risk, or be required by their state to maintain insurance, but the choice about whether you " need " insurance is generally no.

 

That being said, I believe the single best thing you could do is contact your auto insurer to find out what you are already paying for, and adjust for that with the rental company.

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Good advice to check with your insurer. Back when I was doing auto claims, one of our policyholder's car got hit by a gal driving a moving truck. She had gone down a narrow street hitting cars all the way down the street and ended up damaging about 10 cars. OUCH! Her auto insurance did not cover it, as that size vehicle was excluded from her policy. Poor girl assumed that her auto insurance would cover it and all these insurance companies were coming after her to pay up.

 

So definitely check with your insurer!

 

OUCH!

That sucks. She's probably still paying...LOL

I think it goes by the vehicle weight, right?

I'm dealing with non-standard now and it's a whole different ballgame...I don't even get "normal" claims anymore, LOL

oh I sympathize with you, I really do. I used to get some of those when I was doing PIP. Not fun. and the unit that did the initial investigation was always crazy. Had people walking out, going on stress leave, etc.

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Two things to know...what will the car insurance you have cover and what will your home-owners/renter's insurance cover. Remember that there is more than just the vehicle to worry about. My grandparents had the contents of a van torched by a power line several years ago...they recovered some of the items, but there were lots of papers and books that were damaged beyond restoration by smoke and water.

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6 hours ago, centex said:

Holy thread necro Batman!

almost as if someone wanted that link to be seeen again??!

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