Car Rental Damage WaiversLoss Damage Waivers for car rentals are offered by the rental car companies, because you, as the renter, are fully liable for any loss or damage to your rental car! The two basic options that are usually available for purchase from the car rental company are coverages for collision - CDW and for loss/theft - LDW. Some rental companies offer just a just collision coverage or CDW on vehicles at a lower price than Loss Damage Waiver. Note: a collision waiver will not cover theft of the vehicle. A loss damage waiver does. Both options do require that you are complying with all terms and conditions listed on your rental agreement
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One of the benefits of purchasing CDW or LDW for car rentals is that any claims made will not affect your own insurance premiums.
LDW relieves you and your authorized additional drivers of financial responsibility for a rental vehicle damaged by accident, vandalism or theft provided you have complied with the terms of your rental agreement. This Waiver usually costs between $15 and $30 per day. Note: LDW may not be available in all areas with all companies. Check with your rental location.
The bottom line is check into everything!!
If you don’t need to purchase the optional coverages from rental car companies you will certainly save money, but only if you are truly covered.
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