Do you understand what a collision damage waiver is and how to get one? If not, continue reading to learn more about the Collision Damage Waiver and how it works.
If you intend to rent a car from any rental car service provider, it is crucial that you comprehend the collision damage waiver and all that it covers. A collision damage waiver is what, then? Customers who hire cars have the option of purchasing this supplemental insurance to release them from any potential financial liability in the event of an accident involving the rented vehicle. You can prevent having to pay for the rental car’s repairs if it is involved in an accident by purchasing collision damage waiver.
The body of the car is shielded from any dings or scratches that might happen in the rental vehicle by a collision damage waiver. Along with paying for the automobile’s towing costs, it permits protection against car damages brought on by fire, theft, or any other wreckage to the rented car.
To help you understand collision damage waiver better, we are going to discuss its definition in this blog post along with other elements of this insurance.
What is Waiver of Collision Damage?
Renters of cars have the option of purchasing a waiver of collision damage as a supplemental insurance policy to protect themselves against financial losses in the event of a traffic accident. With this coverage on hand, the auto renter can avoid being responsible for paying for repairs if the leased vehicle is damaged in an accident or other incident.
Why do I need a Collision Damage Waiver Car Insurance?
For long-distance distanc travel, many people prefer to rent cars, especially those who don’t own vehicles. If you can’t afford a car that fits your budget, renting a car may be an option. In this manner, you can simplify your life while not having to spend a lot of money.
What is the difference between Car Insurance and Damage Waiver?
Car insurance and collision damage waiver are two distinct things. A automobile insurance coverage covers a vehicle that is your own and not rented, in contrast to a collision damage waiver, which only pays for repairs for damage to a rental car. Additionally, the coverage permitted by each of these insurance varies. While a car insurance policy offers additional protection against car damages, the collision damage waiver only covers a portion of the cost of repairs in the event of a rental vehicle accident.
Collision Damage Waiver Inclusions and Exclusions
What all are covered under Collision Damage Waiver?
Here are the protection allowed under a collision damage waiver that you should know about:
- Damages against scratches and dents to the rental car.
- In case the hired car gets stolen.
- Cover the cost of towing the insured car for repairs to the nearest garage.
What all are not covered under Collision Damage Waiver?
Below are the covers not allowed under collision damage waiver:
- If any part of the rented car gets damaged, like wheels, gearbox, or windscreen etc. they are not covered under the collision damage waiver insurance.
- If any damage is caused to the rented car for violating any traffic rules.
- In case of third-party car damages caused due to accident involving the rented car.
Benefits of Collision Damage Waiver Cover
If you think of hiring a car for long distance travel or a road trip and are planning to buy a collision damage waiver, here are the benefits that you may enjoy:
Save Money – with a damage waiver car insurance, you can save money by reducing the risk paying the cost of any damage caused to the rental car caused due to an accident.
Peace of Mind – collision damage waiver allows you to have complete peace of mind and so you can travel easy on the road since you know that the rented car that you are driving is covered with collision damage waiver to save you against car theft, fire, and other damages.