Business, Legal & Accounting Glossary
Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter’s regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don’t really need. LDW is also called “collision damage waiver.”
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This glossary post was last updated: 23rd April, 2020 | 0 Views.