Paragraph match score 100.0%
Page A-119
FAQs
No, IDV isn't the same as resale value. IDV is calculated based on the ex-showroom price minus depreciation according to the insurer's guidelines. The resale value will depend on vehicle condition and market demand. Theft Claims are usually settled based on the agreed IDV and not the resale price.
Page A-255
FAQs
No, IDV isn't the same as resale value. IDV is calculated based on the ex-showroom price minus depreciation according to the insurer's guidelines. The resale value will depend on vehicle condition and market demand. Theft Claims are usually settled based on the agreed IDV and not the resale price.