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No, car hire excess insurance is different to a collision damage waiver (CDW). A CDW means you don't have to pay the full cost of damage to your hire car if you're in an accident. Car hire excess insurance covers the excess you pay on your insurance claims (an amount of a claim you have to pay yourself).
In simple terms, ?excess? in insurance refers to a certain amount of money that policyholders need to pay out of their own pocket before their insurance coverage kicks in.
The excess is the amount you're liable for if you make a claim that the car is damaged (when it's covered under Collision Damage Waiver) or stolen (when it's covered under Theft Protection). This means that the car rental company will not charge you the whole cost if the car gets damaged or stolen during your rental.
Excess insurance, also known as excess waiver insurance and car hire excess insurance, is an optional insurance policy that protects you against any excess charges you may incur in the event your hire car is damaged or stolen.
Zero Excess means that you won't be responsible for paying anything in the event the car is damaged or in an accident.