Not exact matches
The card also offers a primary auto rental collision
damage waiver, or free
loss and
damage coverage when you use the card to pay for a rental car.
If you decide you need additional
coverage, rental companies offer a «
loss damage waiver.»
Cardholders need not worry about signing a car rental
coverage waiver because American Express provides Car Rental
Loss and
Damage Insurance.
A more common
coverage is a
loss damage waiver, or LDW, which means the rental company will pay the costs of repairs if the renter is responsible for
damage to the vehilce, regardless of cause.
In most cases, the benefit means you can decline the rental company's expensive insurance
coverage — Collision
Damage Waiver (CDW) or
Loss Damage Waiver (LDW)-- which can cost $ 10 to $ 30 a day.
And, if you don't have collision and comprehensive
coverage, you'll probably want to opt for a
loss damage waiver.
People who don't have automatic
coverage under their personal auto policy for
damage to a rental car, regardless of cause, may buy the optional collision -
damage waiver (CDW), or
loss damage waiver (LDW).
If you purchase the optional collision
damage waiver coverage from the rental agency,
loss of use may be covered.
While the
coverage is somewhat expensive, it generally does not require that you pay a deductible in the event of an accident, and also provides a Collision
Damage Waiver which pays the rental car agency for
loss of use for the rental vehicle.
You can probably close the gaps in your
coverage using
loss damage waivers and
coverage offered by your credit card insurer.
A more common
coverage is a
loss damage waiver, or LDW, which means the rental company will pay the costs of repairs if the renter is responsible for
damage to the vehilce, regardless of cause.
Similarly, you may discover that the
loss damage waiver you purchased for liability only provides limited
coverage.
Further, many
loss damage waivers exclude certain items and / or situations from
coverage.
Non owners» auto insurance might also include
loss damage waiver which means that you have
coverage protection in case you lose a vehicle that you have borrowed or rented.