Common use of Collision Damage Waiver Insurance Clause in Contracts

Collision Damage Waiver Insurance. 12.4.1 Notwithstanding the provisions listed in section 13.3 above, the Subscriber is permitted to purchase, in exchange for an additional fee, additional insurance coverage that waives the deductible sum (hereinafter: “Collision Damage Waiver Fee - CDW”). In the event that the Subscriber purchases the collision damage waiver insurance described in this section, the Subscriber will be exempt from paying the deductible in the event of damage and/or loss and/or breakdown of the vehicle in the event that a deductible payment is required as described in section 12.3 above. 12.4.2 The cost of the Collision Damage Waiver Insurance will be at the sole discretion of the Company as will be published from time to time. Upon signing this contract, the cost of the Collision Damage Waiver Insurance will be set forth in Appendix A of this contract and will be renewed each month unless the Subscriber asks to discontinue the accessory insurance coverage for Collision Damage Waiver Insurance. In such an instance, the CDW insurance will be cancelled for the following month for all of the drivers in that subscription and said charges will not apply to the Subscriber and all of the subscription’s drivers. It is hereby clarified that the payment for the Collision Damage Waiver Insurance applies to each driver in a given subscription when they are added to a subscription for which the drivers have purchased Collision Damage Waiver Insurance and all additional drivers will be charged for CDW Insurance. 12.4.3 The CDW insurance will not apply in the following circumstances: 12.4.3.1 In the event of any of the events detailed in section 12.5 above. For the elimination of any doubt, in the event that one of the events described in section 12.5 occurs, the Subscriber will be responsible for the full payment of any and all damage caused to the vehicle and/or the Company and/or the vehicle rental Company, whether directly or indirectly with no limit to the sum. 12.4.3.2 In the event of damage and/or loss caused to the vehicle and/or the Company and/or the vehicle rental service willfully and/or due to negligence on the part of the Subscriber. 12.4.3.3 A breach of the Subscriber’s obligations as set forth in this contract. 12.4.4 In the event that the Subscriber was involved in a motor vehicle accident for any reason, or in the event that damage was caused and/or the vehicle was lost (hereinafter: “the incident”) immediately after informing the Company regarding the occurrence of the event, the charge for the CDW insurance will stop and the Subscriber will not be permitted to be included in the CDW insurance from that day forth. Alternatively and at the sole discretion of the Company, the Company shall be permitted to offer Subscribers an opportunity to join a CDW insurance track in return for payment of the CDW cost at double the regular cost of said insurance as determined by the Company and as detailed in Appendix A. 12.4.5 The date on which the Incident occurred will be the determining date regarding the Subscriber’s eligibility for CDW insurance. 12.4.6 The Subscriber’s eligibility to participate in the CDW insurance program is subject to a payment of CDW insurance fees to the Company. 12.4.7 It is hereby clarified that the Company is not and will not be held responsible for any damage, whether direct and/or indirect that is caused to the Subscriber and/or any third party as a result of the loss and/or damage and/or property damage and/or personal effects in the vehicle, whether or not the Subscriber paid for the CDW insurance.

Collision Damage Waiver Insurance. 12.4.1 16.4.1 Notwithstanding the provisions listed in section 13.3 above, the Subscriber is permitted to purchase, in exchange for an additional fee, additional insurance coverage that waives the deductible sum (hereinafter: “Collision Damage Waiver Fee - CDW”). In the event that the Subscriber purchases the collision damage waiver insurance described in this section, the Subscriber will be exempt from paying the deductible in the event of damage and/or loss and/or breakdown of the vehicle in the event that a deductible payment is required as described in section 12.3 above. 12.4.2 16.4.2 The cost of the Collision Damage Waiver Insurance will be at the sole discretion of the Company as will be published from time to time. Upon signing this contract, the cost of the Collision Damage Waiver Insurance will be set forth in Appendix A of this contract and will be renewed each month unless the Subscriber asks to discontinue the accessory insurance coverage for Collision Damage Waiver Insurance. In such an instance, the CDW insurance will be cancelled for the following month for all of the drivers in that subscription and said charges will not apply to the Subscriber and all of the subscription’s drivers. It is hereby clarified that the payment for the Collision Damage Waiver Insurance applies to each driver in a given subscription when they are added to a subscription for which the drivers have purchased Collision Damage Waiver Insurance and all additional drivers will be charged for CDW Insurance. 12.4.3 16.4.3 The CDW insurance will not apply in the following circumstances: 12.4.3.1 16.4.3.1 In the event of any of the events detailed in section 12.5 above. For the elimination of any doubt, in the event that one of the events described in section 12.5 occurs, the Subscriber will be responsible for the full payment of any and all damage caused to the vehicle and/or the Company and/or the vehicle rental Company, whether directly or indirectly with no limit to the sum. 12.4.3.2 16.4.3.2 In the event of damage and/or loss caused to the vehicle and/or the Company and/or the vehicle rental service willfully and/or due to negligence on the part of the Subscriber. 12.4.3.3 16.4.3.3 A breach of the Subscriber’s obligations as set forth in this contract. 12.4.4 16.4.4 In the event that the Subscriber was involved in a motor vehicle accident for any reason, or in the event that damage was caused and/or the vehicle was lost (hereinafter: “the incident”) immediately after informing the Company regarding the occurrence of the event, the charge for the CDW insurance will stop and the Subscriber will not be permitted to be included in the CDW insurance from that day forth. Alternatively and at the sole discretion of the Company, the Company shall be permitted to offer Subscribers an opportunity to join a CDW insurance track in return for payment of the CDW cost at double the regular cost of said insurance as determined by the Company and as detailed in Appendix A. 12.4.5 16.4.5 The date on which the Incident occurred will be the determining date regarding the Subscriber’s eligibility for CDW insurance. 12.4.6 16.4.6 The Subscriber’s eligibility to participate in the CDW insurance program is subject to a payment of CDW insurance fees to the Company. 12.4.7 16.4.7 It is hereby clarified that the Company is not and will not be held responsible for any damage, whether direct and/or indirect that is caused to the Subscriber and/or any third party as a result of the loss and/or damage and/or property damage and/or personal effects in the vehicle, whether or not the Subscriber paid for the CDW insurance.