Understand how auto insurance companies value cars and learn why your insurance may not cover the cost of a similar vehicle.
Insured Declared Value (IDV) is the maximum sum assured by the insurer, based on the vehicle’s IDV while paying the policyholder. Check the entire details of the IDV calculator in car insurance her...
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A vehicle’s depreciation in value can come back to bite if you get into an accident shortly after you purchase the car. Your car insurance company may put a value on your car that’s less than the p...
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IDV full form is Insured Declared Value which means the maximum amount received from the insurer if the insured car is damaged beyond repair.