Collision Damage Waiver (CDW) is Optional and includes Theft Protection (TP)
Customer is liable for full value of the Budget vehicle if Collision Damage Waiver (CDW) is not taken. Purchase of CDW reduces liability in the event of an accident to the Budget vehicle to 250.00 USD or 1,000.00 USD depending on car group rented. Purchase of CDW reduces liability in the event of theft of the Budget vehicle to 2,500.00 USD for all car groups. Purchase of CDW reduces liability in the event of a turnover, rollover or flipped Budget vehicle to 2,500.00 USD for all car groups. CDW does not cover car accessories such as radio, hub caps, etc.
Note: If you require additional insurance coverage you may purchase locally to reduce/remove the insurance excess. Just ask at the Budget rental desk when you collect your car.
Global insurance coverages are always subject to change. Please verify at time of rental.
If a customer declines the CDW coverage, they will have to sign 2 vouchers of a credit card with a statement indicating that in case of collision, damages, or theft, the customer will be fully responsible for the amount of the rental vehicle, theft, third party expenses and all expenses associated to the accident or theft. If the credit card does not have the amount requested as guarantee from Budget, the client will have to accept and pay for CDW.
SLI insurance is offered at all locations in Chile, at the cost of USD 10.00 per day for all car groups and it will increase the maximum liability coverage to USD 87,000.00. PAE (Personal Accident and Effects) is offered at USD 3.00 per day, plus tax. SARA (Accessory Theft Coverage) is also offered, cost USD 4.00 per day, plus tax.