Loss damage waiver is an agreement with an auto rental company in which the renter is released from...
collision damage waiver (CDW)
A collision damage waiver (CDW) is 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.
Additional Information
It is not insurance but a contractual obligation subject to many restrictions.
Related Terms
