Enjoy all these benefits from just $6/day!

What does CDW cover?

Reduce your excess and protect your liability from just $6/day.

Collision Damage Waiver (CDW) coverage provides peace of mind to driver-partners by reducing your potential financial liability for damage to the rental vehicle in the event of a collision.

Stay Protected With CDW Coverage

CDW coverage is especially useful if you're at fault in an accident or if the other driver doesn't have insurance or sufficient coverage to pay for the damages. Reduce your accident excess and other relevant amounts payable by 50%.

Free Car Replacement After Accidents

We know that vehicle downtime due to accidents may impact your income or daily lifestyle, hence we provide a free replacement vehicle (subject to availability).

With CDW Without CDW
Own Fault Third Party Fault Own Fault Third Party Fault
Third party liability $500 $500 $2,500 $2,500
High liability $500 $500 $2,500 $2,500
Own damage $500 $500 $2,500 $2,500
Stolen Vehicle $500 $500 $2,500 $2,500
Windscreen excess $100 $100 $100 $100

With CDW

Third party liability

Own Fault :

$500

Third Party Fault :

$500

High liability

Own Fault :

$500

Third Party Fault :

$500

Own damage

Own Fault :

$500

Third Party Fault :

$500

Stolen Vehicle

Own Fault :

$500

Third Party Fault :

$500

Windscreen excess

Own Fault :

$100

Third Party Fault :

$100

Without CDW

Third party liability

Own Fault :

$2,500

Third Party Fault :

$2,500

High liability

Own Fault :

$2,500

Third Party Fault :

$2,500

Own damage

Own Fault :

$2,500

Third Party Fault :

$2,500

Stolen Vehicle

Own Fault :

$2,500

Third Party Fault :

$2,500

Windscreen excess

Own Fault :

$100

Third Party Fault :

$100

Save up to 50%

Terms & Conditions:

Driver-partner who meet the following conditions will be eligible for CDW add-on:

  • Fulfill minimum rental period.
  • No outstanding arrears.
  • Have no accident claims in accordance with the Rental Agreement within the first week of rental.
  • Driver-partner is not allowed to opt-out from the CDW add-on during the rental period until he/she terminates his/her contract with Velocity Leasing.
  • This accident excess coverage applies only for the driver-partner & additional named driver listed in the Rental Agreement. Any other drivers will be subjected to the standard (without CDW) accident excess rate.
  • A replacement vehicle will be provided to the driver-partner, subject to availability. The vehicle model provided will be at the sole discretion of Velocity Leasing.
  • Velocity Leasing reserves the right to withdraw, amend and/or alter any part of the CDW coverage and its Terms & Conditions at any time without prior notice.

Coverage of the scheme applies to the driver-partner’s original rented car and also 1 replacement vehicle. If the aforementioned replacement vehicle needs to be replaced due to another accident, the driver-partner will have to purchase a new CDW to cover the second replacement vehicle.