IDV Guides
Do Accessories and CNG Kits Increase IDV? What’s Included and Excluded
Fitted a music system, alloys or a CNG kit? Here is how they affect your IDV, why they must be declared, and…
IDV Guides
How Insured Declared Value works — the formula, the depreciation schedule, choosing the right IDV and what it means when you claim.
IDV Guides
IDV Depreciation Rates Explained: The Age-Wise Schedule and How Slabs Work
The 5%-to-50% depreciation schedule decides your IDV every year. Here is exactly how the slabs work, where the boundaries fall and what…
IDV Guides
High IDV vs Low IDV: Which Should You Choose?
A lower IDV makes the premium look cheaper. Here is what it really saves, what it can cost you, and how to…
IDV Guides
IDV for Cars and Bikes Older Than 5 Years: How It Is Decided
After five years there is no fixed depreciation rate. Here is how insurers set the IDV of older vehicles and how to…
IDV Guides
IDV vs Ex-Showroom, On-Road and Market Value: What’s the Difference?
Ex-showroom, on-road, IDV and resale value are four different numbers. Here is how they connect — and which one decides your insurance…
IDV Guides
What Is IDV in Insurance? Meaning, Formula and Examples
IDV is the most your insurer will pay if your vehicle is stolen or written off. Here is what it means, how…
IDV Guides
How to Calculate IDV of a Car or Bike: Step-by-Step With Examples
A practical, step-by-step method to calculate your vehicle's IDV yourself — with four worked examples and the mistakes that throw the number…