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How To Calculate Car IDV.? What Is An IDV Value.?

What is a Car IDV? In layman terms, it is the current market value of car, from insurance’s point of reference. It refers to the highest value of money that would be payable by the insurer company per the terms of your vehicle’s insurance policy. There might be cases where your vehicle may be subject to a total loss or not. It might so happen that it gets stolen, or even gets damaged to a point…