For a policyholder, IDV is one of the most important aspect of a vehicle insurance.

This is because the IDV, or the insured declared value, is the amount that you will get if your vehicle gets stolen or suffers total loss in case of an accident.

Thus, it is highly recommended that you get an IDV which is close to the market value cost of your car.

For individuals like us who pay premiums regularly to protect our vehicles from any theft or damage-like situations, knowing our IDV is of utmost importance.