A CDW offers protection for your rental vehicle, it will pay to repair the body of your rental vehicle if it is damaged in an accident. However, a CDW comes with an excess or deductible payment that you must pay out of pocket, and this can range from $500 to $2,500 or more.
Excess waiver insurance will refund the excess or deductible amount that you must pay on your CDW if you are involved in an accident up to the policies benefit ceiling. Excess waiver insurance is very affordable and can be a financial lifesaver if you are in an accident with your rental vehicle.