LDW – loss damage waiver

LDW – Loss Damage Waiver

LDW is an additional insurance option for renters of vehicles. Often included in the rental agreement with a rental car company, LDW provides coverage for theft, vandalism damage, and accident damage to the rental vehicle. It is important to note that LDW is not an insurance policy in and of itself, but rather a waiver that transfers financial responsibility from the renter to the rental car company in the event of a covered loss or damage. LDW can help reduce the renter’s financial liability for damages or loss, but it is not mandatory, and renters may still be responsible for a deductible and any damages that exceed the coverage limits should an accident occur. It is advisable to review the rental agreement thoroughly and consult with an insurance agent before purchasing LDW to ensure adequate coverage.