Confused Whether To Buy Collision Damage Waiver For You Rental Car Or Not? Here’s Some Help!

Collision Damage

Collision Damage Waiver is a service provided by rental car agencies to protect you from financial losses in the event of an accident which may damage the car you have rented. Though not exactly an insurance, this service is commonly referred to as collision damage waiver insurance (CDW) or Loss Damage Waiver insurance (LDW). CDW covers some of the possible charges like ‘loss of use’ cost which is usually not covered by a personal auto insurance or a credit card insurance. Read more about credit card rental insurances at CDW may also cover towing and administration charges.

CDW covers only the damages to the rental car and not the damage to any other vehicle or property in the case of an accident. Moreover, there are certain conditions which are excluded from the coverage. This includes off-road driving, driving under the influence of alcohol or drugs, over speed, etc. The waiver also does not cover the theft of the car or any damages which occur during an attempt of theft. Depending on the rental company, there may be other elements also which are excluded from CDW coverage.

Cost of Collision Damage Waiver
The cost of CDW varies from company to company. The usual cost for an economy car is about 25 to 40% of the basic rental cost of the vehicle. As different companies offer different prices, you have to go through the rental agreement carefully to know about the actual cost.

Alternative insurance options
Other than buying a Collision Damage Waiver, you have two other options to insure your rental car; they are your personal auto insurance and credit card insurance. Let us look at both the options in detail.

Personal auto insurance coverage – Personal auto insurance policies usually cover rental cars also, but not outside the U.S and Canada. Paying off the rental car damage related expenses using a personal policy may require you to pay increased premiums in future. Moreover, the excess which you have to pay may also be more due to uncovered costs. However, having both personal auto insurance and credit card insurance together may reduce your excess.

Credit card insurance coverage – Most of the credit card services offer some type of insurance coverage. The important point to note here is that your rental car will get an insurance coverage only when the whole payment including reservation charges using a credit card. Moreover, you must not be making use of any damage waiver provided by the company. Some credit card companies also have restrictions regarding the duration of the rental, the type of the vehicle, etc.

Conclusive note
If your credit card insurance or personal auto insurance covers rental cars, then purchasing a Collision Damage Waiver is not compulsory. But the increased premiums and non-coverage of certain costs do not make them sufficiently reliable in all situations. Paying the small fees and buying a waiver is better compared to the headaches you have to go through in case something unfortunate happens. Whichever insurance option you choose, make sure that you click pictures of your rental car before taking it. This would serve as a proof for already existing damages!

Things To Consider When Buying A Condominium


There are various choices of living for people who wish to own a house. One of the preferred choices is the condominiums as they are affordable for the middle-class. It is a large property divided into individual units which can be used for living. There are various things that you should be aware of before purchasing a condo unit for your living. Look for certain features provided by the owners of the condominiums. There are various sites like who offer the right condo type houses based on the requirement of the people. The link talks about the benefits of real estate investments.

Condos have become one of the preferred choices of living in the recent years. Buying the right condo unit is essential as people expect to enjoy certain comfort in their living. The article helps to understand the basics of buying a condominium.

What Is A Condo?
A condo is a living unit or residence which has a private space and common areas which belongs to all the residents of the condominium. It can also be referred to as an apartment. Condos are popular in the recent years as the property rates are rising higher and people could not afford to own individual houses. Condos are ideal choices as you own only the house and not the land.

Why People Prefer Condo?
One of the main reasons for people preferring a condo unit for their living, is that it is cheaper than other options. It is better to own a condo rather than renting an apartment. Condominiums offer various facilities for the condo owners and their residents. Residents enjoy various luxury lifestyle facilities like parks, swimming pools, golfing, garden space, parking, etc. There are various opportunities for the residents to socialize among themselves. A condo is a perfect choice for vacation homes.

Choosing The Right Condo
It is important that you choose the right condo unit for your living. There are certain features to look for when buying a condo. A real-estate agent can help you find a better condo type of house based on your requirement. There are various real estate websites which help in choosing the right condo for you based on your requirement. There are on-site real estate offices which would help you in finding the right condo type house. Some of the features that you should look for when buying a condo unit, are security features, social opportunities, parking facilities, etc.

Sales Contract
You should look for the contract document before buying a condo for your living. Go through the entire property document and read it carefully and know the terms and conditions. Be aware of the issues of the condominium by inquiring the real estate agents, or people residing in the particular condominium. See that if the condominium owners manage the community properly. Read through the rules and regulations of the condominium and make sure you’re satisfied with their restrictions.

The above are the things that you should be aware of before buying a condo unit for your living. The article would help to find the right condo so that you can enjoy a comfortable living in your house.