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Oct 9, 2023 · When you rent a car, you will be asked if you want to buy optional coverage called a collision damage waiver (CDW). This insurance covers damage to the rental car.
Jun 30, 2023 · A collision damage waiver (CDW) is an optional contract sold by rental car companies to cover you in case of an accident or other damage to your rental car. The collision damage waiver covers only the rented car and removes your liability for damage caused to it in an accident.
CDW insurance, or a collision damage waiver, is a rental car coverage option, but it’s actually not insurance at all. A collision damage waiver reduces your financial responsibility for anything that happens to your rental car as long as you abide by the terms of your rental agreement.
First, when you're reserving the car in advance, you may be offered a "basic" rate (with no additional insurance) and an "inclusive" and/or "full cover" rate (with CDW). To use your credit-card coverage, opt for the rate without any additional insurance.
May 6, 2021 · According to Investopedia, a collision damage waiver or a CDW is coverage sold by car rental companies to protect you, the renter, when you are involved in an accident or the rental vehicle is...
Dec 20, 2023 · A collision damage waiver (CDW), also known as a loss damage waiver, is an agreement where the rental car agency waives its right to charge a high deductible for damage to a rental car. It is not so much insurance as a guarantee the rental company will pay for any damages to your rental car.
Mar 6, 2024 · A collision damage waiver may be worth it if you don’t have a personal auto insurance policy or have a policy that doesn’t cover rental cars. CDW insurance can help limit your out-of-pocket expenses in the event of an accident and provide greater peace of mind on the road.
Jul 18, 2023 · Car rental agencies offer an optional collision damage waiver (CDW), which helps pay for damage to the rented car. This waiver is sometimes called a Loss Damage Waiver (LDW) or Physical...
Oct 6, 2019 · Should you pay for Collision Damage Waiver (CDW) coverage when you rent a car? Learn more about what CDW coverage is and explore CDW alternatives.
Aug 5, 2020 · Collision Damage Waiver, sometimes referred to by the acronym CDW, is an additional car rental coverage offered by rental companies. In short, it covers damage done to the rental car.
