One of the most difficult and misunderstood aspects of car rental today is the accident/insurance aspect. When renting a car, most car hire companies will try, and sometimes it is very difficult to find. There are many companies for car rental services. You can also take advantage of car rentals without insurance from http://www.notmyfault.com.au.
Well, most companies are practically forced to insure themselves because of their excessive insurance premiums. This means you bear all the costs of the accident yourself and replace it". This is much cheaper for them than paying huge insurance premiums for each car. The factor then becomes an additional asset for large companies and that is why they urge you to take it.
By the way, Australia has a legal precedent in the Accident Liability Act that it belongs to the owner of the vehicle unless you are acting as the owner's agent and it would be very unusual for the renter to act as the "agent" for the owner.
Therefore, it takes a lot of judgment as to whether you are not paying extra to reduce your liability. It's much less emotionally stressful to accept unnecessary reductions and not move with a large excess that's intentionally inflated to convince you that CDW is a good idea.
In practice, however, it doesn't take long to add to the cost of the CDW and, in the event of an accident, more than pay for the excess. Therein lies the dilemma!
Many people mistakenly believe that their regular credit card insurance will cover their excess in the event of an accident.
This is not always the case because in most cases you will not be insured for excesses if the car rental company offers you an additional discount. This is a very important point when you need to fully understand your credit card insurance.