What is IDV’s Meaning in Insurance?
IDV (Insured Declared Value) is the maximum amount the insurer pays (if your vehicle stolen damaged beyond repair). It is the current market value of the vehicle after deducting the depreciation cost. Higher IDV will have a higher premium and coverage, while lower IDV will have a cheaper premium but lower claim payout. Learn about IDV meaning, how Insured Declared Value helps in calculating the current market value of vehicles.
Visit Website:- https://surepass.io/blog/idv-m....eaning-and-its-impor
Synes godt om
Kommentar
Del
