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Do I need to cover the holes that it is bolted up to, in case of rust or anything to that extent?


No 'cause they sit on threaded studs under the body. You will just need to remove the nuts. The threaded stubs will stay on the truck so no holes to fill <img src="/forums/images/graemlins/kewl.gif" alt="" /> <img src="/forums/images/graemlins/kewl.gif" alt="" />

'97 Montero 'LSR' - 4.6 gears & factory rear locker, 33" Procomp muds on 15x8 steelies, 50mm coil spacers, T-bar crank, Airlift, sans rear sway, 50mm rear frame & fuel tank lift, Aisins, ARB front bumper + 10k lb winch, 50mm DIY body lift, rock sliders, cut rear quarter panels...