What is LDW and CDW?
Collision Damage Waiver (CDW) provides cover if there is damage to a rental car through an accident. LDW on the other hand, is a combination of CDW and Theft Protection, which means that you will be covered for car replacement if your rental car is stolen during the period of your rental.
Does LDW include CDW?
Some rental car companies only offer an LDW, eliminating the CDW entirely. A LDW provides additional loss and theft protection not available with a CDW, including coverage for the vehicle if it is destroyed or stolen. Basically, an LDW is a CDW with the addition of theft protection.
What does LDW mean in car rental?
Loss Damage Waiver
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.
What does a CDW cover?
Collision damage waiver (CDW), also called car rental insurance, removes a car renter’s liability for all or some damage to a rental vehicle in an accident, similarly to collision insurance. CDW also may cover instances of theft or vandalism. The renter will normally only have to pay for a deductible in an accident.
Is CDW the same as insurance?
A collision damage waiver (CDW) is additional insurance coverage offered to an individual renting an automobile. A collision damage waiver is optional, with the cost of the waiver dependent on a variety of factors, including the type of rental car and where the car is being driven.
How much does LDW cost?
Nothing is as expensive, or as confusing, as the CDW, or collision damage waiver (sometimes called the LDW, or loss damage waiver). Agents are trained to make this rental car insurance, which typically costs $20 to $30 a day, sound nonnegotiable.
Should you decline insurance on rental car?
“Most credit cards that offer car rental perks have what’s called a collision insurance waiver,” said Jake Hill, CEO of personal finance site DebtHammer. “To get this, you have to decline the insurance the rental office offers you and put the full amount on that specific card.”
How much does CDW cost?
about $30 per day
The cost of a CDW is generally about $30 per day. That means it can hike your rental cost by around $200 a week. Rental car companies can make a profit from selling CDWs, so it’s common for staff to be aggressive when pitching them to customers.
Should I get the extra insurance when renting a car?
You need some form of insurance to drive a rental car, but you only need to buy extra car insurance from the rental car company if you don’t have personal auto insurance or you’re traveling internationally. Standard car insurance policies usually extend to rental cars, so most drivers are already covered.
Does CDW cover flat tires?
Flat Tires. A blowout or flat tire may not come under the definition of “damage” to a rented car, unless the tire problem is caused by an accident, in which case neither CDW nor credit card coverage is guaranteed to cover the associated expenses.