![]() ![]() Cargo Insurance (CAI)ĬAI covers damage to the possessions in the truck due to an accident or natural disaster for up to $15,000. To purchase this insurance all drivers must be 21 years of age. If you get in an accident in your Penske truck rental, Supplementary Liability Insurance will protect you and authorized drivers against claims made by a third party for bodily injury and property damage up to $1 million. The $40 cost is added to your rental quote. Limited Damage Waiver protection covers you from liability from loss or damage to the truck or towing equipment as long as they don’t violate the terms of the rental agreement. Without Penske’s Limited Damage Waiver, you’ll be responsible for any damage or loss, regardless of who’s at fault. ![]() Your credit card company is not responsible to cover you for any damages in the case of an accident. Check with your auto insurance and home insurance companies to see how much protection they offer before you pay for additional insurance. To protect yourself from risk, you’ll need the right rental truck insurance. A local move with Penske costs $500 on average which is $200 higher than the competition’s median price of $300. Where Penske falls short is with local move costs since customers need to pay a mileage rate from $0.79 to $1.29 per mile when they return the vehicle at the same location. On average, expect to pay $2,500 for a 1,000-mile move, $300 less than the competition at an average of $2,800. off-season), pickup and drop-off locations, the size of the\ truck, towing equipment and of course, any applied discounts. Penske truck rental pricing depends on multiple factors such as the time of year of your reservation (peak season vs. Penske Truck Rental 2023 Review: What You Need To Know ![]() While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Home does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Home. Second, we also include links to advertisers’ offers in some of our articles these “affiliate links” may generate income for our site when you click on them. This site does not include all companies or products available within the market. The compensation we receive for those placements affects how and where advertisers’ offers appear on the site. First, we provide paid placements to advertisers to present their offers. This compensation comes from two main sources. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Home site. The Forbes Home editorial team is independent and objective. ![]()
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