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Page A-255
When Should You Reassess IDV to Avoid Theft Claim Loss?
The theft claims are strictly settled on the agreed IDV in insurance. The insurers will not re-evaluated real-time market value. It is crucial to review the IDV annually and align it as per the current market value of your car to prevent the risk of overpaying or being underinsured.
Page A-119
When Should You Reassess IDV to Avoid Theft Claim Loss?
The theft claims are strictly settled on the agreed IDV in insurance. The insurers will not re-evaluated real-time market value. It is crucial to review the IDV annually and align it as per the current market value of your car to prevent the risk of overpaying or being underinsured.