Glossary of key insurance terms

We understand that insurance, and especially insurance acronyms, can be confusing. Learn what the most commonly used terms mean.

CDW (Collision Damage Waiver)

CDW covers all or a portion of the amount payable to the rental company in the event of loss of or damage to a rental car. In our plans, this coverage is referred to as Rental Car Damage and Theft Coverage or Rental Car Damage.

Our Collision Damage protection* covers a rental vehicle for accidental damage and/or theft during the course of a rental period with no deductible.

SLI (Supplemental Liability Insurance)

SLI provides coverage for damages or injuries you may cause to another person or their property while operating a rental vehicle.

Deductible 

A deductible (or “excess” outside of the US) is the amount payable by you if there’s damage to the rental vehicle. Our CDW plans do not have a deductible.

LDW (Loss Damage Waiver)**

This is the same as CDW but it adds theft and vandalism protection.

Loss of Use Fees

Renters are often charged additional fees by rental companies if the rental requires repairs that keep it off the road (these “loss of use” fees are also called “demurrage”). These costs may be covered by our plans (i.e. they are “inclusions”).

Want more information? Our Rental Guides explain how everything works.

**N/A for US residents.