Collision Damage Waiver (CDW) is an optional coverage that reduces the renter's liability in the event of damage or theft of the vehicle when no responsible third party is identified.
If CDW is not included in the reservation, it is available for purchase. If purchased or included in the rate, the excess is reduced to 500,000 KWR for all vehicle categories. The excess will be charged every time a vehicle is damaged, lost, not returned or stolen. If CDW is not included in the rental or is declined, the renter is liable for up to the vehicle's total value in case of damage, loss or theft.
Before purchasing CDW, it is advisable to determine if the renter's personal coverage is adequate to cover damage, theft, loss of revenue, administration fees, diminishment of value, and any towing, storage or impound fees. If CDW is declined, the renter will be required to pay these charges and to seek compensation through their carrier of personal coverage. The Collision Damage Waiver (CDW) is not insurance.