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Renting a car in Israel

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We have booked a rental car in Israel, but we wonder about the minimum insurance requirements. We are covered up to $2000 for the excess on rental cars by our Visa credit card, but we have to be sure to have the 'minimum required' by the rental car company. Can anyone tell me if this is the 'Collision damage waiver'? I don't want to pay for anything I don't need on the rental car charges. If you know, I'd appreciate any advice.

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