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Although it involves a transfer of risk, a damage waiver option is not insurance but instead a modification to the basic rental contract. [2] In many countries, it is a legal requirement to have a damage waiver included in the basic car rental rate. Some rental companies also offer liability insurance and coverage of towing charges. Terms and ...
Car rental companies offer four types of vehicle insurance: liability insurance, collision damage waiver, personal accident insurance, and personal effects insurance.
Collision coverage is optional, however if you plan on financing a car or taking a car loan, the lender will usually insist you carry collision for the finance term or until the car is paid off. Collision Damage Waiver (CDW) or Loss Damage Waiver (LDW) is the term used by rental car companies for collision coverage.
A car rental, hire car or car hire agency is a company that rents automobiles for short periods of time to the public, generally ranging from a few hours to a few weeks. It is often organized with numerous local branches (which allow a user to return a vehicle to a different location), and primarily located near airports or busy city areas and ...
Liability insurance only helps with the damage you cause — to another person or to their property — after an accident. Liability insurance does not provide financial protection for your ...
For many drivers looking to save, finding budget car insurance is a top priority. Per data from Quadrant Information Services, the average annual cost of car insurance is $2,542 for full coverage ...