Is collision damage waiver the same as loss/damage waiver?

Damage waiver or, as it is often referred to, collision damage waiver (CDW) or loss damage waiver (LDW), is optional damage insurance coverage that is available to you when you rent a car. Car rental companies treat the CDW as a waiver of their right to make the renter pay for damages to the car.

What is the benefit of a collision damage waiver?

Understanding Collision Damage Waivers The CDW provides a level of protection for the renter that covers damage to the rental car. If the car is damaged then the renter is not responsible for some or all repairs, as well as for any loss of use fees that may accrue while the rental car is being repaired.

What is collision damage waiver?

Collision damage waiver (CDW), also called car rental insurance, removes a car renter’s liability for all or some damage to a rental vehicle in an accident, similarly to collision insurance. CDW also may cover instances of theft or vandalism. The renter will normally only have to pay for a deductible in an accident.

What is damage waiver CDW LDW?

Loss Damage Waiver, also known as LDW, is an optional product that waives your financial responsibility for any loss or damage incurred to the rental vehicle, provided you have not violated the Rental Agreement’s Terms and Conditions.

Should you get rental insurance when renting a car?

No, you do not need insurance to rent a car because rental companies have their own insurance. Rental car companies usually provide minimum liability coverage only, so if you don’t have personal insurance, you’ll probably want to purchase extra rental car insurance through the rental company.

What is basic CDW insurance?

What is a Collision Damage Waiver (CDW)? This is a type of basic insurance cover that most rental companies offer as standard. It limits how much a company will charge for damage. Generally, this covers the car’s body work, but not much else.

What is auto rental collision damage waiver?

A collision damage waiver ( CDW ) is additional insurance coverage offered to an individual renting an automobile. A collision damage waiver is optional, with the cost of the waiver dependent on a variety of factors, including the type of rental car and where the car is being driven.

What is CDW insurance?

CDW Insurance. Collision Damage Waiver (CDW) Insurance is a form of insurance cover which protects the hirer against accidental damage to the rental vehicle. CDW protection usually also covers theft of the vehicle.

What is enterprise damage waiver?

Enterprise offers three types of insurance coverage that customers can purchase at the time they rent a car. The first is called a damage waiver. A damage waiver is not literally insurance, but it acts like insurance. If the customer accepts the damage waiver terms, she pays a set amount per day of the rental.

What is a limited damage waiver?

Limited Damage Waiver (LDW) LDW covers you from financial responsibility if you experience any loss or damage to the truck or towing equipment except if the vehicle or equipment is used in any manner that violates the rental agreement terms.