Collision Damage Waiver (CDW) reduces insurance excess, both own damage and third party damage by 50% waiver in the event of any accident.
Hirer can opt in for CDW by paying additional 6% to 10% of total rental, depending on vehicle type.
Illustrated as below:
Total Damage cost: S$5,000 to own vehicle, S$4,000 to third party vehicle.
|Without Insurance*||Insurance Excess (Without CDW)*||Insurance Excess (With CDW)*|
|Total Amount (Own Damage)||S$5,000||S$3,210||S$1,605|
|Total Amount (Third Party Damage)||S$4,000||S$3,210||S$1,605|
* Above quoted amounts are subjected to GST charges.