Excess waiver insurance is a policy that covers the excess amount on your car insurance. It is designed to cover the gap between the amount you would have to pay in the event of an accident and the amount your insurer would pay out.
What does collision damage waiver with excess mean?
As mentioned on this site, collision damage waiver with excess is a type of insurance that covers the costs of repairs or replacement of your rented vehicle in the event of an accident. The excess is the amount you would have to pay before the insurance would cover the rest of the costs.
What is difference between CDW and LDW?
There are two types of excess waiver insurance: CDW and LDW. CDW covers the damage to the rental car, while LDW covers the loss of the car. Both types of insurance have a deductible, which is the amount you have to pay before the insurance kicks in. The deductible for CDW is usually higher than the deductible for LDW.
What is CDW Insurance in Rental Car Contracts?
CDW insurance is an insurance product that is often included in rental car contracts. It provides coverage for damages to the rental car, up to the specified limit. The limit is typically the value of the car. CDW insurance does not cover damages to personal belongings or injuries sustained in an accident.
Excess waiver insurance is a type of insurance that covers the deductible on your auto insurance policy. It is designed to protect you from having to pay the deductible out of pocket if you are in an accident.