Loss Damage Waiver
You are responsible for any loss or damage to rented equipment during the term of the equipment rental agreement.
Loss Damage Waiver ("LDW") provides an easy way to help protect against costly bills for major repairs or replacement of rented equipment.
LDW is not insurance. It is an agreement between you and the rental dealership that limits your financial responsibility for loss or damage to rented equipment, in exchange for a fee, subject to the terms and conditions of the rental agreement and any applicable state law.
WHY PURCHASE LDW?
- Helps limit your financial responsibility in the event of loss or damage to rented equipment
- Loss or damage to rented equipment should not impact commercial insurance policies
- Eliminates the need to provide proof of physical damage insurance before renting equipment