When renting a car, you may be offered additional insurance coverage options. While these coverage options may vary by car rental company and by location, many companies offer the following insurance coverage options:
• Collision Damage Waiver (CDW):
This coverage pays for damage to the rental car, or theft of the car, and is sometimes referred to as Loss Damage Waiver (LDW).
• Personal Accident Insurance (PAI):
This coverage pays for medical expenses in the event of an accident.
• Personal Effects Coverage (PEC):
This coverage pays for damage to, or theft of, personal items inside the rental car.
• Supplemental Liability Insurance (SLI):
This coverage pays for third-party liability claims made against you.
• Roadside Assistance:
This coverage pays for towing, tire changes, and other roadside assistance services.
Before renting a car, you should check with your credit card company to see if it provides any of these coverage options. Many credit cards offer at least some form of rental car insurance coverage. Additionally, you should check with your auto insurance provider to determine if your policy provides coverage for rental cars. If you are covered by your existing auto insurance policy, you may not need to purchase additional coverage from the car rental company.