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Loss Damage Waiver (LDW-TP) and Theft Protection

Loss Damage Waiver and Theft Protection

 

Loss Damage Waiver-Theft Protection (LDW-TP) is not insurance. The rental location requires purchase of LDW-TP to rent a vehicle, unless you present written proof that your credit card provides collision and theft protection. If you purchase LDW-TP, the rental company agrees, subject to the actions listed on the rental agreement that invalidate LDW-TP, to contractually waive your responsibility for the cost of damage to, loss or theft of the vehicle.

A deductible of up to $1,000 USD applies, depending on vehicle class. A hold on your credit card will be placed at time of rental for deductible amount. 

If LDW-TP is declined with proof of coverage thru Credit Card., the renter is responsible for the full value of damage to the vehicle.