Quick Answer: Should I Buy CDW?

Does my credit card cover my rental car insurance?

Credit cards typically only provide collision damage coverage, so you will not be held responsible for any theft or damage to the rental car.

When you go to pick up your rental car, you’ll need to decide on whether or not you want to pay for the rental company’s collision damage waiver (CDW)..

What happens if you crash a rented car?

If the rental car’s bodywork gets damaged during your rental, your Collision Damage Waiver will cover it. It won’t cover damage to other parts of the car, though, and you’ll have to put some money towards the cost. … Most of the time, they’ll just take this out of the deposit you left when you picked the car up.

Does CDW cover damage to another car?

CDW refers to a Collision Damage Waiver and it only covers damage to the rental car. Any other damage to property (another car, building, etc.) would not be covered by CDW.

What is full collision damage waiver?

A collision damage waiver (CDW) is additional insurance coverage offered to an individual renting an automobile. … The waiver typically covers losses from the theft of or damage to a rental car but is unlikely to cover bodily injury caused by an accident.

What should I know before renting a car?

Here are 8 valuable things to know about how to rent a car.Use a credit card when picking up the car. … Kids cost more to drive rental cars. … Keep drivers to a minimum. … Shop around for car insurance. … Try not to rent a car at the airport. … Stay on paved roads. … Fill up the tank before returning the car.More items…•

Is it worth getting insurance on a rental car?

It is not necessary to get rental car insurance from your rental car company. If you already own a car, your car insurance policy might extend to rental cars. You could also have coverage through your credit card. If so, you might be able to decline the expensive insurance offered at the counter and save money.

Is there a difference between CDW and LDW?

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.

What happens if you damage a rental car without insurance?

Any damage that your car receives should be covered by the rental car’s insurance policy. If you are at fault, your car insurance will cover damage of the rental car, or if you are uninsured the rental company’s insurance will attempt to recoup the repair costs from you.

Who is responsible for rental car damage?

A: If the other driver’s negligence caused the accident, and he or she has proper auto insurance, then that insurance company should pay for your rental car for a reasonable amount of time. Contact the at-fault driver’s insurance company to secure a vehicle as soon as you can.

What happens if you crash into a rental car?

Whether or not you were at fault, you still must pay your deductible directly to the rental company, as the company is entitled to have the car fixed as soon as possible. Your insurance company is then in charge of going after the responsible party, which may result in you getting reimbursed.

What does CDW stand for?

Collison Damage WaiverCDW stands for Collison Damage Waiver, and while this might appear to be one of the more expensive insurance options for your car rental, it is definitely the most effective, most comprehensive, and will save you from a serious headache should you get into an accident while driving.

Should you get the loss/damage waiver when renting a car?

Yes. Loss Damage Waiver has the potential to save you both time and money if an accident was to occur during your rental. Without Loss Damage Waiver, in most states the renter is responsible for any loss or damage to the car, even if the damage is not the fault of the renter.

Do you need liability insurance when renting a car?

You Need General Liability Protection Car rental companies in most countries are required by law to include liability insurance. … Still, your best bet is to make sure you’re covered 24/7 with your own insurance so you can forget about the rental company’s overpriced insurance.

What is the best car rental insurance?

The 4 Best Rental Car Insurance CompaniesBonzah. Bonzah provides up to $35,000 of coverage for collision, theft, vandalism, or other damage to a rental car with no deductible. … Insure My Rental Car. Insure My Rental Car offers up to $100,000 of rental car coverage for damage or theft with no deductible. … Sure. … Allianz.