Acceptance of the Loss Damage Waiver (LDW) reduces the renters and authorized additional drivers financial responsibility to ZERO for all car groups excluding groups F and W to $1000.00 CAD, if the car is damaged or stolen while under rental contract. . Using the vehicle in violation of any of the use restrictions listed on the rental agreement could void LDW and leave the renter fully responsible for any damage to the vehicle.
At the time of rental, the customer must initial whether he/she accepts or declines the LDW and/or other optional services. LDW and other optional services must be signed for at the rental counter.
If LDW is not accepted, customer's may be responsible for up to the full fair market value of the car if it is damaged, vandalized or stolen during the rental. Customer's may also be responsible for reimbursing Budget for the revenue lost by not being able to use the car while it is being repaired or not recovered due to theft (loss of use).
Partial Loss Damage Waiver (PDW) is available at certain rental locations to relieve the renter of the first $1,000 CAD of the loss of, or damage to, the Budget car.
All inquiries regarding PDW availability and cost should be referred to the rental location.
Once LDW/PDW has been purchased, it must remain on the contract. The customer has the option to return the car & close the rental agreement; however, this could change the rate for the rental agreement and a different, possibly higher, rate could apply for a new rental.
Loss of Use
The customer may also be responsible for reimbursing Budget for the revenue lost by not being able to use the car while it is being repaired or not recovered due to theft (referred to as Loss of Use).
All Budget cars are not to be driven on unpaved roads (like gravel, dirt, etc.)
Global insurance coverages are always subject to change. Please verify at time of rental.