Getting a Collision Damage Waiver (CDW) is a good way to keep your insurance payments low. You will save money by not having to pay a high deductible and by not having to pay for damage to the interior or the windor of your rental car. However, you should read the fine print to make sure the coverage you’re getting is worth it.

Collision damage waivers are offered by many car rental companies. They are usually offered when you pick up the keys or when you reserve the vehicle online. However, you can decline this coverage if you want. In addition, some people already have damage coverage from other types of insurance. You can also get coverage for rental cars through your credit card. However, you should read the fine print and ensure that you know all of the exclusions before you sign up.

In the United States, most auto insurers provide collision coverage for rental cars. This coverage usually does not cover damage to other people or to your rental vehicle. Depending on the policy, you may be required to pay a deductible to cover any damage to the rental car. This deductible can be as high as several thousand dollars. You will also have to pay a rental garage attendant to take your car to the repair facility.

You may also be offered a collision damage waiver by your credit card company. If you don’t get the coverage you need, you may be able to use your card to pay for the repairs. The rental car company will then use your credit to get the payment. If you want to pay for damage to the rental car with your credit card, you should read the fine print to make certain that you’re getting the coverage you need.

Collision damage waivers are regulated by the New York State Office of General Counsel. This agency represents the New York State Insurance Department and regulates car rental agreements in New York. You will have to provide an invoice to the rental company for the deductible.

Some other exclusions include tyres and windshield damage. Also, collision damage waivers do not cover damages resulting from reckless driving or speeding. You may have to pay for the damage to your rental car if it’s stolen. The rental company may also require you to pay for loss of use fees while the car is in the repair facility.

The collision damage waiver is a one-time investment that protects your wallet from high rental car expenses. It is also an excellent way to protect your driving record. However, if you have other insurance policies, you may want to decline this coverage. You’ll also need to check to ensure that your deductibles are appropriate for your needs.

Collision damage waivers are not covered if you are found to have committed gross negligence, if you fail to notify the rental company of a claim, or if you are driving while intoxicated. Similarly, collision damage waivers do not cover damages to other drivers or side mirrors.