Originally Posted by
guv1976
As the rental-car companies -- at least in the U.S. -- are quick to point out, LDW (loss/damage waiver) is not insurance; it is simply a waiver of the rental-car company's right to pursue the renter in the event that loss or certain types of damage occur while the car is rented to the renter.
While it is true that many car rental companies will not consider optional coverage as insurance, the reality is LDW coverage works exactly like insurance. Just because a car rental company says it is not, it does not mean it is not insurance.
Also - for each location that sells optional coverage, the car rental personnel selling the coverage must be licensed by the state's insurance regulatory agency. They are usually known as rental car agent or limited line agent.