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Page A-119
Can Choosing a Low IDV Affect While Filing Theft Claims?
Being underinsured can also affect the claim negotiations. It will negatively impact your overall financial protection. However, if you have an older vehicle, lowering the IDV can be a strategic move. Nonetheless, make sure not to undervalue your vehicle. This can increase the risk exposure and lower the settlement on car insurance.
Page A-255
Can Choosing a Low IDV Affect While Filing Theft Claims?
Being underinsured can also affect the claim negotiations. It will negatively impact your overall financial protection. However, if you have an older vehicle, lowering the IDV can be a strategic move. Nonetheless, make sure not to undervalue your vehicle. This can increase the risk exposure and lower the settlement on car insurance.