Damage Liability Waivers For a Rental Car
If you ever have to rent a car, you know that the company you are renting from will often make you sign a damage liability waiver form. This form is meant to protect you, but also them. It will help to ensure that if the car is stolen, damaged, or something else happens to it, the car company is going to be able to get their money back. Sometimes, the risks that are associated with rental cars will outweigh the cost of the car and will result in a loss for that company. The damage liability waiver is important in these types of situations because it protects everyone from having to pay for the entire cost of the vehicle.
The cost of a damage liability waiver is generally going to be included in the rate that a car rental company will quote to you. Typically, you will find that the rate is spread out over each day that you have the car rented out and the cost will probably be a large portion of that daily rate. You might also hear a damage liability waiver be called a collision damage digital waiver or a loss damage waiver.
You have to make sure that you read and understand what exactly it says in the damage liability waiver before you agree to sign it, however. It is important to see what is included, but also what is excluded in the form. Not all things that may happen to the car will be covered and the person that will end up having to pay for that is you. If damage to the vehicle occurs and it is not mentioned in the damage liability waiver as being covered, it could end up costing you quite a bit of money.
The basic damage liability waiver template that many rental companies may offer to their customers can sometimes leave the customer with a very large liability in terms of the excess amount. Because of this, a lot of companies will offer to sell the customer more insurance to cover any of the excess that may be present in order to help them feel a little bit safer behind the wheel.
This will add to the price and will cause the customer to pay more for the rental car than they would otherwise, unless of course something happened to the car that wasn't on the basic damage liability waiver. It is a good idea to weigh the pros and cons of getting extra insurance before actually doing so. To gain more knowledge about liability waivers, go to http://dethklok.wikia.com/wiki/Pain_Waivers.