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Complete guide on Collision Damage Waiver
Complete guide on Collision Damage Waiver 27th December 2022
Travelling by car is one of the most exhilarating experiences that you can have. It is fun with friends, family, or even your partner. It adds to the charm of the journey and makes everything all the more exciting. However, owning a car can be a hassle in itself. You need to have enough money to purchase and regularly maintain it.
Renting a car is one of the prevalent alternate options for hassle-free driving in India. You can easily rent a car in India for a weekend getaway, road trip, or family emergency.
But what happens if any damage is done to the rented car? Well, that's when the Collision Damage Waiver comes into play. If you do not know much about it, this article will help you navigate it. It is like private car insurance India for your rented car. Let's find out more about it.
What is a Collision Damage Waiver?
As the name suggests, the Collision Damage Waiver protects your rented car if a collision occurs. This is an insurance cover that is easily bought with a rented car. You will be waived off all the damage fees or compensation when a collision occurs. However, every insurance company must have different terms and conditions for this coverage. You should read them carefully before you buy a Collision Damage Waiver.
Although renting a car in India is easy, simple, and reliable, most details are still unknown to the general public. One such detail is insurance coverage. It is crucial to always opt for private car insurance India for your rented car. This will protect you from the extra fees or bills you need to pay in case of a collision.
Imagine this hypothetical situation. You are driving an extremely narrow or hilly road with your friends, and you fail to see a coming vehicle and lose control of your car. This may cause you to hit your car on a pole or tree, leading to several dents and damages to the rented car.
Now, what will happen in case you have a Collision Damage Waiver?
What is covered under the Collision Damage Waiver?
Several things are included in the cover of your rented car under the Collision Damage Waiver or CDW. These are:
● Damages or dents to the rented car
● Theft or loss of the rented car
● Towing the rented car to the nearest garage
What is not covered under the Collision Damage Waiver?
Before purchasing the insurance cover, you should also have a brief idea about the things not included in the cover. These are:
● Violation of traffic rules and the damages caused due to that
● Damage to third-party properties
● Damage to other people
● Any damage to the things present in the rented car like gearbox, wheels, windshields, etc.
Renting a car is a growing norm among the new generation. You can easily rent a car for yourself with a single click. The whole process is available to all without any hindrances. However, you must consider all the possible options before you buy the Collision Damage Waiver for your rented car. It has many benefits that can save you from paying the bills of damage to the car. It is recommended to always be on the safer side and purchase private car insurance India coverage in advance before you use the rented car.
Click HERE to buy reliable private car insurance India for your rented car
Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.