Many people choose to decline the optional collision damage waiver (CDW) and loss damage waiver (LDW) on their rental cars in favor of using the coverage offered by their credit cards. Although you may think you are protected, many cards have restrictions you may not be aware of such as:
• Most credit cards will not cover cars worth more than $50,000 including:
Vans and Pick-ups
• Limits on the number of days you are covered (typically between 15-30 days)
• If you are traveling abroad, certain countries may not be covered
Bottom line: It is important to check with your credit card company to find out exactly what they cover.