28 Mar Relocating? Pros and Cons of Getting Truck Insurance

Moving or relocating can be too laborious and stressful a process, because it ticks off a trifecta of issues — the physical, emotional and financial. There’s the arduous task of packing one’s belongings. It is hard to lift and carry heavy household items and to take them safely out of one’s property and into another. It is troublesome to find trustworthy movers to ship possessions and to deliver them promptly and in good condition.

For those who are leaving family, friends and comforts, it can be hard to adjust to new and unfamiliar surroundings. The financial aspect of moving like renting a truck and getting insurance for it comes with complicated paperwork.

Still, it’s probably worth it to buy insurance, even if one doesn’t have to use it. But every situation is unique, as LendEDU found out when it considered insurance options. In renting a U-Haul truck, one needs a Safemove or Safemove Plus. It looked at the pros and cons of buying a U-Haul insurance policy.

Pros:  

• Moving trucks are not easy to drive. One needs to take wide turns and slow down more gradually.
• Insurance is clearly a much smaller price to pay than the cost of an accident.
• U-Haul truck insurance covers the gaps for those who rely on regular auto policy to cover the accident. A lot of auto insurance policies won’t cover a vehicle that weighs more than 9,000 pounds or carries more than 2,000 pounds.
• With Safemove, it it said that one is covered for most accidental damages to the truck rental and damages to personal belongings in case of a collision, fire, or overturning of the truck.
• There is coverage for medical bills and any loss of life for the driver or passenger. Safemove Plus has all of that, plus supplemental liability coverage with a $1 million policy for property damage, lawsuits, or bodily injury from third parties. For those who opt Safemove Plus, there’s a deposit and rental by credit card.
• The supplemental liability insurance offered under the Safemove Plus policy has no deductible, and neither does the damage waiver. The cargo waiver only carries a $100 deductible.
• For a few dollars a day, it will be one less thing to worry about on moving day.
• Moving to northern California? California Corporate Housing can provide some form of logistical assistance upon assignee’s arrival in assigned corporate apartment.

Cons:

• It may be an unnecessary expense for an experienced driver. U-Haul insurance generally costs from $14 to $28 per day.
• If it will take several days to move, the cost of U-Haul insurance can add up. One is best served to have everything ready for a day or two of insurance at the most.
• U-Haul my take in more from the people paying for the insurance, which is probably why they strongly encourage purchasing insurance. It’s hard to want to pay for something that may not be used.
• Insurance may cover everyone, or one may not be able to purchase a one-time policy with them. It’s worth a call to see if a provider will cover what the cost would be.
• Each category of insurance coverage comes with certain exclusions like a mechanical damage to the transmission
• Safemove Plus isn’t available in every state. Please check for availability here.

For expats who move and feel comfortable doing so, they might as well have been quoting Billy Idol, because nothing can replace long-term success with a short-term discomfort: “If your world doesn’t allow you to dream, move to one where you can.” Staying put also gives one a false sense of security. Rosa Luxemburg once said, “Those who do not move, do not notice their chains.”