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Collision Damage Waiver

Collision Damage Waiver (CDW)

Definition

An agreement with an auto rental company in which the renter is released from liability for collision damage to the vehicle in exchange for a fee, subject to the terms of the rental agreement or a state statute if one exists. It is not insurance but a contractual obligation subject to many restrictions.

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Commercial Liability Insurance
Insurance Law Essentials
The Additional Insured Book

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