By initialing the appropriate space. you indicate that you carry valid physical damage insurance coverage and have accepted the INSURANCE DEDUCTIBLE WALVER. You agree to pay the rate shown in consideration for which The rental company will pay your insurance deductible ONLY. This waiver does not apply to any insurance available from the Customer or Driver, and the Owner (rental company) reserves the right to recover from the Customer or Driver's insurance company. The deductible amount on the policy will apply, and renter will be responsible for all damages to the vehicle if renter's insurance fails to promptly compensate the rental company.