Lots of options and expert help choosing what's right.

Commercial Truck Rental Coverage Options*

Not sure what rental truck coverage you need? There are two ways to get started.

  1. Before Pickup
    Call our professionals at 1-844-906-3404. They'll help you choose what's right for you.
  2. At Pickup
    It's not too late to get truck rental coverage at pickup. Just ask at the rental counter. Our rental associates have information regarding all of the truck rental coverage products below and any exclusion(s) that may apply.

Coverage products described below are synopses, subject to all provisions, limitations and exceptions of the policies described. All rentals require insurance that meets Penske and applicable government requirements.

In order to insure your rental, you may supply coverage or may purchase some limited coverage from Penske as set forth below.

Penske-supplied Coverage†

Physical damage – the Limited Damage Waiver (LDW) provides protection for the loss or damage to the vehicle during the term of the rental, subject to certain exceptions. Your responsibility for the loss or damage is based upon the option selected and the reasons for the loss. Speak to your Penske Rental Representative.

Liability – you are protected to the limits of liability up to the requirements of financial responsibility law or other applicable statute of the state or municipality in which the accident occurred. Liability coverage not available on tractor rentals.

Supplemental Liability Insurance (SLI) – protects the renter and any listed authorized drivers against claims made by a third party for bodily injury and/or property damage sustained as a result of an accident. This coverage is excess over the underlying insurance specified within your signed rental agreement up to $1,000,000.

Customer-supplied Coverage Insurance Requirements‡

Customer-supplied Coverage Insurance Requirements

Please send us a Certificate of Insurance (COI) from your insurance provider that shows Liability and Physical Damage coverage evidence, as applicable based on if you are providing one or both of them. The COI should include the following for each applicable type of insurance you are providing.

  • Policy number
  • Effective and expiration dates (Coverage must extend through your entire rental period)
  • Limits:
LiabilityPhysical Damage
For TrucksAt least $1,000,000 Combined Single Limit (CSL) liabilityAt least $60,000 in physical damage coverage
For TractorsAt least $1,000,000 Combined Single Limit (CSL) liabilityAt least $120,000 in physical damage coverage
For Trucks
Liability Coverage

At least $1,000,000 Combined Single Limit (CSL) liability
Physical Damage

At least $60,000 in physical damage coverage
For Tractors
Liability Coverage

At least $1,000,000 Combined Single Limit (CSL) liability
Physical Damage

At least $120,000 in physical damage coverage

Note: CSL coverage requirements are subject to change if transporting hazardous materials.

  • Comprehensive and collision deductible amounts covering vehicle (If over $5,000, approval from Penske management is required)
  • Type of coverage:

Acceptable: Any auto or hired autos; these cover any auto on contract
Unacceptable: Scheduled autos; all owned autos, non-owned autos, non-trucking. Under no circumstances should the Scheduled box be checked. This will invalidate the COI.

  • Signature or stamped signature of authorized representative
  • List the Certificate Holder as it appears below and include the wording indicated:
US ReservationsCanadian Reservations
Certificate HolderPenske Truck Leasing Co., L.P.
2675 Morgantown Road
Reading, PA 19607
Penske Truck Leasing Canada Inc.
7405 East Danbury Crescent
Mississauga, Ontario, LN5 6P8
Wording for liability and physical damagePenske Truck Leasing Co., L.P. and its partners are named as additional insured and loss payee for all vehicles leased or rented from Penske Truck Leasing Co., L.P., including substitute, extra, permanent replacement, or interim vehicles.Penske Truck Leasing Canada Inc. and its partners are named as additional insured and loss payee for all vehicles leased or rented from Penske Truck Leasing Canada Inc., including substitute, extra, permanent replacement, or interim vehicles.
Wording for liability onlyPenske Truck Leasing Co., L.P. and its partners are named as additional insured for all vehicles leased or rented from Penske Truck Leasing Co., L.P., including substitute, extra, permanent replacement, or interim vehicles.Penske Truck Leasing Canada Inc. and its partners are named as additional insured for all vehicles leased or rented from Penske Truck Leasing Canada Inc., including substitute, extra, permanent replacement, or interim vehicles.
Wording for physical damage onlyPenske Truck Leasing Co., L.P. and its partners are named as loss payee for all vehicles leased or rented from Penske Truck Leasing Co., L.P., including substitute, extra, permanent replacement, or interim vehicles.Penske Truck Leasing Canada Inc. and its partners are named as loss payee for all vehicles leased or rented from Penske Truck Leasing Canada Inc., including substitute, extra, permanent replacement, or interim vehicles.
US Reservations
Certificate Holder

Penske Truck Leasing Co., L.P.
2675 Morgantown Road
Reading, PA 19607
Wording for liability and physical damage

Penske Truck Leasing Co., L.P. and its partners are named as additional insured and loss payee for all vehicles leased or rented from Penske Truck Leasing Co., L.P., including substitute, extra, permanent replacement, or interim vehicles.
Wording for liability only

Penske Truck Leasing Co., L.P. and its partners are named as additional insured for all vehicles leased or rented from Penske Truck Leasing Co., L.P., including substitute, extra, permanent replacement, or interim vehicles.
Wording for physical damage only

Penske Truck Leasing Co., L.P. and its partners are named as loss payee for all vehicles leased or rented from Penske Truck Leasing Co., L.P., including substitute, extra, permanent replacement, or interim vehicles.
Canadian Reservations
Certificate Holder

Penske Truck Leasing Canada Inc.
7405 East Danbury Crescent
Mississauga, Ontario, LN5 6P8
Wording for liability and physical damage

Penske Truck Leasing Canada Inc. and its partners are named as additional insured and loss payee for all vehicles leased or rented from Penske Truck Leasing Canada Inc., including substitute, extra, permanent replacement, or interim vehicles.
Wording for liability only

Penske Truck Leasing Canada Inc. and its partners are named as additional insured for all vehicles leased or rented from Penske Truck Leasing Canada Inc., including substitute, extra, permanent replacement, or interim vehicles.
Wording for physical damage only

Penske Truck Leasing Canada Inc. and its partners are named as loss payee for all vehicles leased or rented from Penske Truck Leasing Canada Inc., including substitute, extra, permanent replacement, or interim vehicles.

Cancellation Notice: A minimum 10-day cancellation notice is required. Please email any cancellations or reinstatements to: rental.insurance@penske.com

Please Note: If Penske does not have a valid, unexpired insurance certificate on file from Customer covering the Vehicle, Penske may, in addition to any other remedy herein, elect the Penske Limited Damage Waiver and/or Penske Liability Coverage option and bill Customer accordingly.

All customer-supplied insurance coverage must demonstrate a blanket auto policy for both liability and physical damage. Under no circumstances should the Scheduled box be checked. This will invalidate the COI.

*Coverage amounts are subject to change. Certain conditions and exceptions may apply. See Rental Agreement for full details. You must be 18 years of age or older to rent a Penske commercial truck.

†Unavailable for hazardous materials transport or vehicles over 33,000 lb. GVW.

‡Penske Insurance Risk Management approval required for hazardous materials transport. Coverage requirements may vary. All authorized drivers must be at least 21 years of age to purchase this coverage.