IDV full form is Insured Declared Value, a crucial part of calculating car insurance premiums. It reflects your car's market value, determining the maximum compensation for theft or total loss. If you want to ensure you’re not overpaying for coverage, understanding IDV is key. Learn more about how IDV affects your premiums, claims, and overall coverage in our guide. Also, check out how an IDV calculator can simplify your decision-making process.
What is IDV in Car Insurance and Why It Matters