Ques: What IDV does mean?
The full form of IDV is insured’s declared value. In simple words, it is the present market price of your car. IDV also plays a major role in determining the premium of car insurance. IDV is generally determined by the car insurance companies in India and in the event of total loss or theft of your car you can claim this amount from your car insurer. For more queries you can call on our toll free no 1800-258-2584.