Loss Damage Waivers for Car Rentals
The two basic options are: CDW (collision) and LDW (loss). Some rental companies offer just collision coverage or CDW on vehicles at a small per day price ($10-$15) Note: Collision Damage Waiver will not cover theft of the vehicle.
The benefit to purchase of 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.
Check first:You may also have some coverage through your own personal automobile insurance. For more information on Personal Coverages, click here. You may also be able to get rental car collision insurance as part of a travel insurance package. Make sure to check all terms and conditions of coverage to make sure that it fits your car rental needs. Click here for Free Travel Insurance Quotes from Travel Guard. The bottom line is check into everything!!If you don’t need to purchase the optional coverages you will certainly save money, but only if you are truly covered.
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