Explanations of How Insurance Works Provided to make your job easier. Five Reasons to Buy the Loss Damage Waiver (LDW) When you rent a car, the rental company offers you their optional coverages. One is coverage for damage to the vehicle you are renting. This coverage is called Loss Damage Waiver (LDW) or Collision Damage Waiver (CDW). Your personal or business auto policy may provide some coverage for the rental car but the LDW is broader than most of those policies. There are five primary reasons you should consider buying the LDW. Click here for client handout. So, You Have a Company Car When an employee gets a company vehicle, they assume the employers auto insurance provides all the coverage they need on the vehicle. This handout provides information on the possible gaps in that coverage. Click here for client handout. Terms of use: All Client Handouts are protected by copyright. An agent may use them with their clients as long as they are unaltered, the writer's name remains at the top, and the copyright information at the bottom. Contact us if you would like to use them for other purposes.
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