MLchartDataset catalogue

Loss damage waiver (LDW)

Term · Insurance and risk management · MLC-T-INS-002067

An optional agreement offered by rental car companies that relieves the renter of financial responsibility for damage to or theft of the rental vehicle. It is not insurance but a contractual waiver of the rental company's right to collect for damages. The cost of an LDW varies by rental company and vehicle type.

Table 1. Record
IdentifierMLC-T-INS-002067
FieldInsurance and risk management
SubjectPersonal Lines
AbbreviationLDW
Record as JSON 
{
  "id": "MLC-T-INS-002067",
  "term": "Loss damage waiver (LDW)",
  "field": "Insurance and risk management",
  "definition": "An optional agreement offered by rental car companies that relieves the renter of financial responsibility for damage to or theft of the rental vehicle. It is not insurance but a contractual waiver of the rental company's right to collect for damages. The cost of an LDW varies by rental company and vehicle type.",
  "abbreviation": "LDW",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/loss-damage-waiver-ldw/"
}

Record 2,022 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.