Collision Damage Waiver

Definition of "Collision damage waiver"

Naomi Lasco real estate agent
Naomi Lasco, Real Estate Agent Keller Williams Realty NY

Special property damage coverage purchased by an individual renting an automobile under which the rental company waives any right to recover property damage to the automobile from that individual, regardless of who is at fault. A significant fee is paid by the individual to the rental company for this waiver for coverage that may already be provided by a personal automobile policy (PAP).


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