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.