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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.
The car insurance you pay for a personal vehicle covers your rental car as well, and for a better deal. At $31 a day, you’d be paying $930 a month, which is probably significantly more than your ...
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 ...
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 21:38, 7 August 2008 (UTC) 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."
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