My Value Travel vehicles are cover under a standard motor insurance. Rates include cover for the loss of the vehicle by fire and theft are included. Renter is obliged to promptly report any accident, theft or vandalism involving the rented vehicle to MyValue Travel rental office or the nearest police station within 24 hours. Failure to comply with the procedure may void all liability protection. Every accident involving damage to the rented vehicle during the rental period will carry an excess whereby the renter is responsible puchasing Collision Damage Waiver (CDW), which is not insurance, can reduce this liability to a non-waiverable amount of RM1000 per incident to the Renter. Missing items or accessories, overhead and undercarriage damages are not protected by insurance coverage or purchase of Collision Damage Waiver (CDW). All insurance coverage is subject to compliance of the terms and conditions of the rental agreement. Any breach of this agreement will result in NIL Coverage.