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Car rental companies offer four types of vehicle insurance: liability insurance, collision damage waiver, personal accident insurance, and personal effects insurance.
Collision damage waiver (CDW): For a daily fee on top of your rental fee, a collision damage waiver waives fees associated with damage to the rental car from an accident, fire, vandalism, severe ...
Rental car coverage: Most car insurance policies (with comprehensive and collision coverage) extend to rental cars during repairs, but check your policy for details.
Damage waiver (DW) or, as it is often referred to, collision damage waiver (CDW) or loss damage waiver (LDW) is a term that can be included or purchased as an option in a car rental agreement, by which the rental company waives the right to pursue compensation from the renter if the vehicle is damaged or stolen. [1]
This coverage, however, cannot apply to rental cars because the insurance company does not want to assume responsibility for a claim greater than the value of the insured's vehicle, assuming that a rental car may be worth more than the insured's vehicle. Most rental car companies offer insurance to cover damage to the rental vehicle.
Depending on the length of the rental and the cost of the Damage Waiver, this could be the obvious choice. 65.197.19.240 ( talk ) 21:38, 7 August 2008 (UTC) [ reply ] I took out the sentence "Unless you are renting with a good honest company where Damage Waiver (CDW) is a benefit, and will prevent you having to pay your insurance deductible."
Rental car coverage: If you were involved in an accident and your vehicle is at the repair shop, this can cover the expense of a rental car up to a certain dollar amount per day for a set period ...
Excess Insurance – Collision damage waiver, Theft and Third Party Liability coverage are often included in car rental prices in Europe, Africa, and Australasia. There is almost always an excess on these (also referred to as Super CDW, Non-Waiver, or Deductible), which involves an amount of money customers must pay in the event of damage, to ...