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What Is Insured Declared Value ?

What Is Insured Declared Value ?

Friday, December 23, 2016, 4:14 PM

Insured declared value popularly called IDV, gives the current market value, of your car/vehicle. IDV is the maximum amount you can claim, if your vehicle is destroyed, stolen or damaged beyond repair. You can claim this amount, in case of theft or damage to your vehicle.
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