Hypovolemia (loss of blood volume) is actually a strong stimulus for ADH release. In fact, when there's hypovolemia, ADH release is even more sensitive to changes in plasma osmolality. Think about it intuitively: another name for ADH is vasopressin -- the name tells you that it can act on blood vessels to affect blood pressure. And blood volume is directly tied to blood pressure.
The general idea though is that the RAAS is predominantly involved in blood volume regulation while the ADH mechanism is predominantly involved in regulation of plasma osmolality. The key word there is 'predominantly', not 'only'. My point is just that don't be so absolutely set on wherever you're reading some of these things and passing them off as facts, especially if your source is an MCAT review book. They tend to cover only the bare basics. Not a knock on you; I just wanted to point out that everything's more complicated than "X does only this, while Y does only that." Once you get to med school, you'll see.
+1
Also, you're right that the collecting duct is essentially impermeable to water in the absence of ADH-stimulated AQP insertion. As far as I'm aware, without ADH, there's pretty much no reabsorption of water in the collecting duct/late DCT. That's why in diabetes insipidus (lack of ADH release or function), there's massive loss of water.