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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]
Personal automobile insurance or other insurance that covers theft or damage, the collision damage waiver reimburses for: The deductible portion of car insurance or other insurance
Loss Damage Waiver (LDW) - covers the cost of damage to the rental vehicle, up to the full value of the vehicle, in the event of an accident. Typically LDW covers 100% of costs without a deductible additional fees. Note that LDW/CDW coverage is not insurance and does not offer the same coverage product as a damage insurance policy.
The last number covers property damage. This property damage can cover the other person's vehicle or anything that you hit and damage as a result of the accident. In some states, you must purchase Personal Injury Protection which covers medical bills, time lost at work, and many other things. You can also purchase insurance if the other driver ...
The average cost of a full coverage policy in the U.S., which includes collision and comprehensive, is $2,545, compared to the average cost of a minimum policy (which does not include collision ...
Even if your policy covers a rental car, it's crucial to understand the limitations. These typically include: Number of days: Most policies have a maximum number of days they'll cover a rental car ...
This page was last edited on 14 September 2006, at 16:34 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
How long does a car insurance claim take? A car insurance claim may be settled as soon as the same day for simple claims, like a glass claim for a broken windshield.