Damage waiver, or as it is often referred to, collision damage waiver (CDW) or loss damage waiver (LDW) is an optional damage coverage available while renting a vehicle. It covers the rental vehicle. Some companies also offer liability insurance and towing coverage.
Terms and prices vary among car rental companies and locations. Alternatives include other vehicle insurance policies, some credit card coverage, and some travel insurance.
Read more about Damage Waiver: Risks Addressed, Insurance or Not?, Credit Card Coverage of Damage Waiver, Further Reading
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