What is loss/damage waiver?
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Also to know is, is the loss/damage waiver worth it?
For most people, buying a damage waiver is not worth the money. While it may seem prudent to buy just to be safe, the purchase of loss or collision damage insurance may cancel or be redundant with other forms of insurance you already have.
Subsequently, question is, is there a difference between CDW and LDW? Damage waiver. Damage waiver or, as it is often referred to, collision damage waiver (CDW) or loss damage waiver (LDW), is optional damage insurance coverage that is available to you when you rent a car. It covers the rented car. Some rental companies also offer liability insurance and coverage of towing charges.
Accordingly, how does loss/damage waiver work?
Loss Damage Waiver, also known as LDW, is an optional product that waives your financial responsibility for any loss or damage incurred to the rental vehicle, provided you have not violated the Rental Agreement's Terms and Conditions. Loss Damage Waiver can be a wise option for renters.
How much does loss/damage waiver cost?
Prices for a loss damage waiver, or LDW, can run the gamut and depend on the vehicle and rental company. Expect to pay $10 to $30 per day, which can add up quickly during the course of a weekslong trip.