Most drivers who rent vehicles forego the Collision Damage Waiver because they are already fully covered under their current insurance plan. Additionally, some credit cards offer this type of coverage when used in the rental of vehicles. It's important to understand the stipulations of all policies which are in effect. There is the possibility that you may be responsible for a deductible prior to the satisfaction of any potential claim.

For that reason alone, those who purchase a Collision Damage Waiver for a rental vehicle, can breathe a sigh of relief if involved in an accident. This is because the waiver covers any damages to the rental as a result of a collision.

In essence, the Collision Damage Waiver is put into place to protect the RENTAL COMPANY from loss in the event that one of its vehicles becomes inoperable. But it also prevents the driver from having to pay for any damages as a result of a collision.

The best advice is to carefully review all policies under which you are covered, and weigh all the factors. A few extra dollars tacked onto your rental fees just might be worth it if you have a large deductible. Decide what works best for you!

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