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Collision Damage Waiver (CDW) or Loss Damage Waiver (LDW) are the two main options for car insurance before applying for collateral title loans for vehicles.

If a car is damaged, normally the car owner may be responsible for the first several hundred dollars of damage, called the deductible, up to the full price of the damage. By obtaining CDW/LDW for your car, the car owner is released from responsibility for any loss or damage up to the full value of the damage. However, if the car owner is in violation of the approved car title loan, the waiver becomes null and void. Your personal auto insurance also provides more or less complete coverage for damages so the purchase of any CDW/LDW may not be necessary.

Car Insurance Options

CDW/LDW is usually an optional feature, though a few lenders may require car owners to obtain this waiver for their vehicle title loan. Make sure if you really need CDW/LDW before you arrive at the title loan lender and apply for a collateral title loan. In some cases, you may find a special rate for a larger car that already includes CDW/LDW. In the long run, the larger car may be less expensive than the economy car with additional car insurance.

Some title loan and credit companies offer CDW/LDW insurance as an added benefit. Be sure to read the fine print on these agreements and any auto title loan agreements. Usually the protection afforded by the lender’s insurance can be supplemental to your own insurance. Therefore, if you get in an accident, your own insurance will cover the repair costs up to its maximum and then the CDW/LDW will cover the difference.

Other car insurance you can obtain for faster approval of your collateral title loan:

Personal Accident Insurance (PAI)

PAI provides accidental death and medical coverage for the car owner and additional passengers during the time they are riding in the car. Check your personal car insurance policy to see if it covers vehicle title loans.

Personal Effects Coverage (PEC)

This coverage provides protection against loss or theft of personal belongings from the car. Check your auto insurance policy to determine whether your coverage includes the PEC.

Additional Liability Insurance (ALI)

ALI is an optional car insurance that protects the car owner and other operators against claims made by third parties for injury, death, or property damage caused by the use or operation of the car. Again, check your auto insurance policy.

For more information about car insurance and applying for a title loan, get in touch with Real Car Cash Loans. You credit score will not matter with us because what’s important is the loan that you really need. All you need is to call Real Car Cash Loans now at 1-877-304-7344. Apply now or apply online.

Car Title Loans Specialist

Call us at 1-877-304-7344

1) Our payment are as low as $97 per month

2) During the loan, you get you keep your car

3) You can pay out your loan anytime without any


4) Your can borrow up to $25,000 depending on the value of your vehicle

5) You can choose a 1 year or 2 year term loan.