Loss Damage Waiver | Budget Australia

What is Loss Damage Waive (LDW)?

Loss Damage Waiver (LDW) is an optional service that limits the renter's financial responsibility for loss or damage to rental vehicle 

What is the difference between CDW and LDW?

The Main difference between Collision Damage Waiver (CDW) and  Loss Damage Waive (LDW) is coverage

 

  • CDW covers the full market value of your rental vehicle in case of damage.
  • LDW covers the full market value of your rental vehicle in case of loss or damage.

How much does Loss Damage Waiver (LDW)?

Cost depends on the type of vehicle you are renting

 

Loss Damage Waiver (LDW) limits the renter's financial responsibility for loss or damage to the Budget vehicle and in some countries third party property damage or injury (if you comply with the Budget Rental Agreement). In most cases, an excess applies and can be reduced through the purchase of Excess Reduction (ER). Loss Damage Waiver may not be available from all Budget locations and is included in most rates in Australia. 

If you are making a contracted corporate reservation using an Budget Customer Discount (BCD) or Budget Fastbreak number, please check your company's rates and insurance coverage as these amounts may differ.

Australian Loss Damage Waiver

Vehicle Type

Vehicle Group

Standard Liability Amount

(Excess)

Economy

A

$4,608

Compact

B

$4,608

Intermediate

C

$4,608

Standard

D

$4,608

Full Size 

E

$4,608

Compact SUV

S

$4,608

Full Size Elite

P

$4,608

Eco-Friendly

L

$4,608

Full Size Wagon

F

$4,608

Intermediate SUV

K

$4,608

Premium

G

$4,608

Full Size 4WD

H

$4,608

Full Size Van

V

$4,608

Prestige

Z

$4,608

Full Size 4WD

W

$5,730

*All prices above are inclusive of GST and subject to change without notice.