LDW - This coverage is a combination of the CDW and THW coverages. LDW is insurance that covers all partial or total damage to vehicles and total theft. Therefore, partial theft, damage due to meteorological phenomena, damage caused by vandalism, riots, strikes, coups or any other political or social movement are not covered by this insurance, this coverage reduces the customerâs responsibility for all vehicles. In the case of responsible theft the customer is only responsible for paying deductible (or excess) of 10 percent of the total value of the car, 20 percent for intermediate Standard and 30 percent for luxury vehicles in which the contracting of the insurance policy for the risk conditions according to the insurance company establishes, the amount to be paid corresponds to 10 percent, 20 percent or 30 percent of the value of the vehicle. Collision and Damage Protection is available at 40.37 USD per day for all types of vehicles.
The LDW is optional and is typically purchased by customers that are not covered for vehicle damage or loss by their Credit Card Company (or insurance linked to a credit card). To be able to use this benefit, the Leasing will request the Lessee to provide a document given by the banking institution, on which they can confirm and/or verify that the cardholder is covered with this insurance and the banking institution will be accountable for all the expenses in case of an accident or any mishap during the validity of the lease, as to establish that this will be done through a reimbursement in favor of the cardholder. This document must have a verifiable phone number and/or email address for confirmation and should indicate that the credit card has the LDW coverage (Loss and Damage Waiver) and itâs covered by this same credit card. All the bank institutions that provide this credit cards must be regulated by the Comision Nacional de Seguros y Fianzas which is the Mexican governmental institution that regulates all and every single insurance companies in México. If customer does have the appropriate approval and coverage from its credit card institution they will have to sign a statement of personal responsibility for the total value of the car for refusing to purchase the CDW insurance with Europcar México (FLEET CAR COMPANY MX, S.A. de C.V.) and will therefore, in the event of an accident, be fully responsible for all damage and/or repairs in case the issuer of your credit card does not cover the damage or theft within 72 hours following the report that is made for your claim, is responsible for the total value of the vehicle. The client must grant a deposit depending on the reservation channel/website or the category of the vehicle, please refer to the category list mentioned here below) will be held on the customer`s credit card as a guarantee at the beginning of the rental and it will be reimbursed when the vehicle is returned safe. If the customer credit card does not have the guarantee previously mentioned the purchase of the LDW (CDW) coverage will be mandatory.
SPLDW. - Deductible protection (0 percent), this service relieves the customer of financial responsibility for the deductible earmarked for material damage only, save for specific cases in which there is presumed negligence. This coverage costs 40.37 USD per day and may only be offered to those who have acquired PLI plus CDW.
The above-mentioned coverage will only apply if the customer abides by the clauses in the rental contract, which means that any breach of contract will annul the protection, and the customer will then assume full responsibility for all damages incurred.
Crystals, wheels, tires and rims, or stolen accessories are not covered.
Please also see â INSURANCE.