Being in a car accident and dealing with the insurance companies can be a real headache.
Being hit by someone who leaves the scene of the accident, also known as a hit-and-run, can be a nightmare.
Why is it such a nightmare? Because many people opt not to pay the few extra dollars on their car insurance for the Collision Deductible Waiver, or CDW.
What is CDW? In the event that you are involved in a hit-and-run or if someone hits you and simply doesn't have any car insurance, you still have to pay your collision deductible to have your car repaired.
For a few extra dollars, CDW waives your collision deductible (which likely will save you $500; the deductible most people carry).
Collision Deductible Waiver is not required by law.
As an insurance agent in San Diego, California, I see too many incidents where people wish they had it, however.
Keep in mind, it's often only a few dollars and may ultimately save you $500 - $1,000 dollars.
You'll need to speak with your insurance company or agent and request to have this added on.
It needs to be on your policy before you actually need it.
The argument, "Why don't I have that coverage? Of course I would want that.
It's only $6 dollars.
You must have made a mistake" doesn't work after you've had an accident.
Accusing the insurance company or your insurance agent of mistakes or of not caring won't do you any good.
Be responsible and add it to your policy today.