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Ask yourself could I pay for the damage to something I rent, if not then you need to invest in renters insurance.

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To obtain a collision damage waiver or not is sometimes a baffling decision for countless travelers at the rental car counter. The collision deteriorate waiver (CDW) covers the cost of damages to the rental car if you are involved in an wreck. However, it is not insurance -- it is in plain terms a clause of your rental agreement that addresses your liability for damages to the car.

Review Your Credit Cards
Quite often, your credit card will pay for damages to a rental car in the event of an wreck. To be eligible, you most likely would have to refuse to acknowledge the collision aggravate waiver and charge the full amount of the rental car on your credit card. Also make sure you be informed all limitations and exclusions your credit card may issue such as limited rental contracts and approved rental dealers.

Check Your Existing Auto Accident insurance Policy
Review your auto accident insurance policy or call your accident insurance administrator before you rent a car. You don't want to pay more funds for coverage you already have. Highly auto insurance policies will provide liability insurance if you weaken someone in an mishap. Make sure your auto policy catches this form of coverage as damages to the rental car are only covered under your policy's comprehensive and collision coverage.

You May Need To Purchase The Collision Damage Wavier
You can safely decline the collision corrupt waiver if you're absolutely sure your auto insurance or credit card applies. However, buying the collision play havoc with waiver could be the answer for some travelers. Here are some reasons why:

If you aren't covered under your own insurance or credit card then you may consider purchasing the collision abuse waiver. It's a better option to pay about $7 to $13 a day than $10,000 to $30,000 to replace the rental car.

If you are involved in an wreck, some rental car companies want payment upfront, meaning you'll have to wait to be reimbursed from your own accident insurance company. This is an expensive price to pay, consequently some may just opt to pay the additional price for the collision wound waiver.
 

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