List/Grid Tag Archives: Facts about insured declared value

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Why lower IDV is not the best option for your motor insurance?

What is IDV? IDV stands for that maximum sum which is insured, the amount of which is agreed upon by the insurance provider that will be then reimbursed to the policyholder in cases of loss being either partial or complete. These losses can be either in the cases of theft or accidents or etc. thus the IDV is basically the current market value of your automobile that is insured. The full form of IDV is Insured Dealer value and is a vital aspect when it comes to the determination of the comprehensive car insurance cover premium. Now the value ...
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