What is IDV?

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What is Insured Declared Value (IDV)? The term ‘IDV’ refers to the maximum claim your insurer will pay if your vehicle is damaged beyond repair or is stolen. Suppose the market value of your car is Rs. 8 lakh when you buy the policy.

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  1. What is IDV value? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE What is Insured Declared Value (IDV)? The term ‘IDV’ refers to the maximum claim your insurer will pay if your vehicle is damaged beyond repair or is stolen. Suppose the market value of your car is Rs. 8...
  2. How does IDV affect insurance? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE The all-important Insured Declared Value (IDV) is the maximum sum insured amount agreed upon by your insurance provider that will be reimbursed to you (the vehicle owner/ policyholder) in the event of theft or partial/complete loss. In other...
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