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Amex also offers extended rental car insurance for up to $24.95 per rental period, which is a great option for those planning on renting a car for a week or more.
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Damage waiver. Damage waiver (DW) or, as it is often referred to, collision damage waiver ( CDW) or loss damage waiver ( LDW) is a term that can be included or purchased as an option in a car rental agreement, by which the rental company waives the right to pursue compensation from the renter if the vehicle is damaged or stolen. [1]
The most common types of rental car insurance include: Collision damage waiver (CDW): For a daily fee on top of your rental fee, a collision damage waiver waives fees associated with damage to the ...
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This coverage, however, cannot apply to rental cars because the insurance company does not want to assume responsibility for a claim greater than the value of the insured's vehicle, assuming that a rental car may be worth more than the insured's vehicle. Most rental car companies offer insurance to cover damage to the rental vehicle.
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Rental car coverage: Most car insurance policies (with comprehensive and collision coverage) extend to rental cars during repairs, but check your policy for details.
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