CDW and excess insurance are two types of insurance that are often confused. CDW stands for Collision Damage Waiver and is a type of insurance that covers damage to your rental car. Excess insurance, on the other hand, is a type of insurance that covers the excess amount that you would be responsible for in the event of a claim, more information online.
What are Collision Damage Waivers?
A collision damage waiver (CDW) is insurance that covers damage to a rental car. It’s also called loss damage waiver (LDW) or simply damage waiver (DW). When you rent a car, you’re automatically charged for CDW, but you can usually decline it and save money.
CDW is not the same as excess insurance. Excess insurance is insurance that covers the amount you’re liable for if you damage a rental car. It’s also called excess liability insurance (ELI) or super collision damage waiver (SCDW). You can buy excess insurance from the car rental company, from an insurance company, or from a third party such as a travel insurer.
CDW and excess insurance both have deductibles. A deductible is the amount you have to pay before the insurance company starts paying. For example, if you damage a rental car and the deductible is $1,000, you have to pay the first $1,000 and the insurance company pays the rest.
CDW and excess insurance cover different things. CDW covers damage to the rental car. Excess insurance covers damage to other cars, property, and people in an accident that’s your fault. You might need both CDW and excess insurance if you’re renting a car in a country with high insurance rates, such as Ireland or Italy.
What is collision damage waiver with zero excess?
Collision damage waiver (CDW) with zero excess is a type of insurance that covers the damage to your rental car in the event of an accident, regardless of who is at fault. It also covers any damage caused by theft, vandalism, or natural disasters. The coverage is subject to a deductible, which is the amount you will have to pay out of pocket before the insurance kicks in.
Is CDW the same as insurance?
Collision Damage Waiver (CDW) and Excess Insurance are two types of insurance that are often confused. CDW is not insurance, but rather a waiver that is offered by the rental car company. This waiver protects the rental car company from financial loss in the event that the rental car is damaged or stolen. The customer is responsible for the first part of the repair or replacement cost, up to the amount of the excess. Excess Insurance is a type of insurance that covers the customer for the excess amount. This insurance can be purchased from the rental car company, or from a third party insurer.
CDW and excess insurance are not the same. CDW covers damage to the rental car, while excess insurance covers damage to third party property and people.