What does Collision Damage Waiver mean? Read on to discover the definition & meaning of the term Collision Damage Waiver - to help you better understand the language used in insurance policies.
Collision Damage Waiver
A collision damage waiver (CDW) is a waiver of responsibility for someone renting an automobile and not technically a form of insurance coverage. In purchasing one, the buyer cannot be held responsible in the event of any loss or damage to the rental car. The cost depends on various factors, including the rental car model and where the renter plans to drive it.
We hope the you have a better understanding of the meaning of Collision Damage Waiver.