One of the most troublesome and misunderstood aspects of car rental today is the accident/insurance aspect. When renting a car, most car hire companies will try, and sometimes find it very difficult, to convince you that it is in your best interest to add a Waiver Fee (CDW) to your daily rental. There are other names for it, but they all mean exactly the same thing. You can also take advantage of accident car rental services by clicking here.
First, your common sense will tell you that if it's good for you, it's not good for the company at the same time. So what's going on here? Well, most companies are practically forced to insure themselves because of their excessive insurance premiums. This means you bear all the costs of the accident yourself and replace it with "CDW". This is much cheaper for them than paying huge insurance premiums for each car.
The CDW factor then becomes an additional asset for large companies and that is why they urge you to take it. By the way, Australia has a legal precedent in the Accident Liability Act that it belongs to the owner of the vehicle unless you are acting as the owner's agent and it would be very unusual for the renter to act as an "agent" for the owner.
Therefore, a good judgment is needed as to whether you are not paying extra to reduce your liability. It's much less emotionally stressful to accept unnecessary reductions and not move with a large excess that's intentionally inflated to convince you that CDW is a good idea. In practice, however, it doesn't take long to add to the cost of the CDW and, in the event of an accident, more than pay for the excess.