When renting an automobile or other vehicle from a rental agency, the rental agreement between renter and rental agency may contain an option allowing the renter to pay an additional fee in exchange for the agreement by the rental agency to waive its rights to collect any collision losses to the vehicle from the renter.
Optional car rental insurance that reduces or eliminates the renter's liability or damage deductible should there be damage to the rental car.
Coverage that is purchased, at a fee, by an individual that is renting an automobile from a rental company. Under this coverage, the rental company assumes the risk of property damage to the rental auto regardless of who is at fault. [This coverage is often already provided by the personal automobile policy of the renter.
(CDW) – a rental vehicle option under which the rental company waives its right to collect from the renter for damages to its vehicle. 10.3.9 and 11.3.5
A term normally associated with a car rental agreement that waves the legal responsibility of renter for any physical damage to the rented vehicle.
Daily insurance fee paid by a car renter to cover liability for accident damages to a rented car.
An extra insurance premium you may have the option to take. This removes your liability to pay any excess on a vehicle such as a hire car.
It is an extra insurance premium. It removes the liability to pay any insurance excess in the event of a collision or damage to a vehicle such as a hire car.
When paired with an auto rental agreement, the rental car company agrees to waive the renter's responsibility for any physical damage to the rental car in exchange for an additional payment. Sometimes called a "loss damage waiver."
(CDW) If the vehicle or any of its parts or accessories are damaged other than by theft, attempted theft or vandalism, while on rental, CDW limits you liability to the amount of the non-waivable excess, if any, which applies in each country provided that you have complied with all the terms of the Rental Agreement. CDW does not cover any damage caused as a result of theft, attempted theft or vandalism.
Cover that can be purchased by someone renting a car where the rental company waives any right to recover the amount of damage to the car from the individual regardless of fault.
Optional car rental insurance that is offered at the time of rental that can insure the driver against certain costs if the vehicle is in an accident and damaged.
An optional insurance premium that you may be able to take out which removes your liability to pay an insurance excess, should your vehicle be involved in an accident a vehicle such as a hire car.