What is an insurance waiver?
Insurance waivers usually are offered to, or requested to be signed by, individuals by organizations or companies seeking to document the fact that the individual has declined a certain type of insurance.
What is a depreciation waiver on car insurance?
The bottom line is that with a depreciation waiver on your car insurance you will either be paid the amount you spent, or you’ll be able to buy a new vehicle very similar to the one you lost in terms of make, model and quality. Can anyone buy a waiver of depreciation?
What is not covered by a car insurance waiver?
In addition, a waiver won’t cover risky behaviors that result in damage, such as taking a rental car off-road, speeding, or driving drunk. Similarly, loss or theft of the vehicle is not covered if, for example, someone leaves it running outside the hotel.