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How To Calculate IDV in a Motor Insurance (2019)

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How To Calculate IDV in a Motor Insurance (2019)

In the case of vehicle insurance policies, it is essential to know how your Sum Assured is decided. This Value is known as Insured declared value (IDV). The Insured Declared Value is the current market value of the vehicle minus the depreciation on its parts and it’s calculated with the help of IDV calculator. It is the maximum loss that you ...

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