No, you don’t have to.
You can just decline the company’s offers for a Collision Damage Waiver (CDW) or Excess Reduction.
In case of an accident while the rental car is in your custody, the rental firm would evaluate the damage and give you a report. It would then bill the value of the damage to your credit card, up to the amount of the rental vehicle excess specified in your rental agreement.
You then need to submit to us a written claim for the assessed damage value. We will then reimburse you according to the terms stated in the Product Disclosure Statement (PDS).