Ten Reasons to Purchase the Rental Car Insurance

This summer thousands of traveling consumers will face the question, with apologies to Shakespeare, "To purchase the CDW or not to purchase the CDW, that is the question." This issue has been debated for years-- many people are unsure whether or not they should buy the rental car insurance, the Collision Damage Waiver (CDW) or Loss Damage Waiver (LDW) from the rental company. The Independent Insurance Agents of America recommends that consumers SHOULD purchase the CDW/LDW, at least for short-term rentals. Here's why: 1. Loss Valuation. The Personal Auto Policy (PAP) covers the lesser of the "actual cash value" of the vehicle or the

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