Uncovering What Is Covered With
Moving Truck Insurance

Take the guesswork out of moving truck insurance. Penske offers easy-to-understand coverage bundles, helping to maximize your convenience while offering protection for you and your stuff.

When it's time to move, there are a lot of things to consider. Choosing the right moving truck insurance is a choice that is sometimes ignored. It's critical that you have the appropriate insurance coverage to address typical moving accident scenarios, from lowering the likelihood of a significant vehicle repair cost to safeguarding your cargo.

Many drivers mistakenly believe that their own auto insurance coverage or maybe their personal credit card covers them. Yet there are frequently exceptions based on the size or weight of the truck. Ask your insurance provider what size moving vehicles, if any, are covered under your coverage as conventional moving trucks range in size from 10 to 26 feet. Your level of insurance protection may also be impacted by the gross vehicle weight (GVW). Many personal auto insurance plans don't cover rental cars with GVW ratings of 9,000 pounds or more, or cars with maximum load capacities of 2,000 pounds.

Additional questions that should be fully investigated include: Does my insurance cover bodily injury? How much are deductible costs? What impact will a claim have on my insurance premium?

Prepare for the Unexpected

Accidents can occur when driving a moving truck since it is considerably different from driving your everyday vehicle. It's important to understand what your existing insurance will cover and what additional moving truck insurance choices you have because even a minor scratch or blemish may be expensive to fix.

Penske Coverage Bundles

Penske offers several types of insurance, bundled for convenience. Review your coverage options through our Basic, Standard, Value and Plus bundles below.*

Basic Standard Value Plus
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Third-Party Damage & Injury Claimscheckmarkcheckmarkcheckmark
Cargo Accident Damagecheckmarkcheckmark
Personal Accident Injurycheckmark

Limited Damage Waiver (LDW)

LDW covers you from financial responsibility if you experience any loss or damage to the truck or towing equipment except if the vehicle or equipment is used in any manner that violates the rental agreement terms. LDW does not cover your personal vehicle.

Why is LDW recommended?

  • Without Penske's Limited Damage Waiver, you will be liable for any damage to your rental truck regardless of who is at fault.
  • Most major credit card companies do not cover rental truck damage.
  • Your automobile insurance company may not cover rental truck damage and even if they do, you face a deductible and higher premiums.
  • Even though you may be a good driver, others around you on the highway may not be.

Supplemental Liability Insurance (SLI)**

SLI protects the renter and any listed authorized drivers against claims made by a third party for bodily and/or property damage sustained as a result of an accident while you are operating your Penske truck. This coverage is excess over the underlying insurance specified within your signed rental agreement up to $1,000,000. Renter and all authorized drivers must be 21 years of age to purchase.

Cargo Insurance (CAI)

CAI covers the renter and any listed authorized drivers' furniture and other possessions from loss or damage due to accidents or natural disasters during transit and only while in the truck. Furniture and possessions damage while loading or unloading is not covered. Cargo coverage for the entire rental is limited to $15,000 (deductible per occurrence $100).

Personal Accident Insurance (PAI)

PAI offers accidental death and accident medical coverage for the renter of the truck and their passenger(s). Passenger coverage is provided within the enclosed portion of the rental vehicle only. This insurance pays in addition to other available insurance.

Additional Coverage icon Additional Coverage

Towing Insurance (TWI)

Towing Insurance (TWI) is recommended for drivers who are towing their own vehicle. If you choose not to get a bundle, this insurance bundle can still be selected and added separately.

TWI provides protection against collision damage for a vehicle while attached to, towed by or detached from your rented Penske truck. It also covers a vehicle while being loaded onto, transported by or unloaded from a Penske tow dolly or carrier. TWI does not cover the Penske truck or towing equipment.

For More Information

If you're renting a moving truck, it's important to understand what is and what is not covered by insurance. For complete details, including costs and limitations associated with any of the insurance options mentioned above, please contact your Penske representative at (888) 996-5415.

*Coverages described below are synopses, subject to all provisions, limitations and exceptions of the policies described.

**All authorized drivers must be at least 21 years of age to purchase this coverage.

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