03.08.2018

What kinds of insurance are included in the rental fee?

In order for Lagoon Car Rental to provide the best possible rental price, the Collision Damage Waiver (CDW) is the only insurance included in the rental price.  Therefore, we want you to decide any additional insurance coverage.  

Collision Damage Waiver (included) 

CDW covers the body of the car. If you rent a car with only CDW the excess amount is ISK 350.000 

Example: 

Peter booked his rental car without any additional coverage. On his trip someone opens up a door and hits his car without notifying him, leaving a dent on the door. He returns the car with the dent. As he only has CDW the excess amount he is charged is ISK.350.000. If the damage is estimated to cost less than ISK 350.000 by a Third-Party Workshop, the difference is refunded back to Peters credit card after he returns home.

Back