Paragraph match score 85.7%
Page A-127
What Is the Standard Depreciation Schedule Used by Every IDV Calculator?
● Not exceeding 6 months: 5% depreciation ● Exceeding 6 months, up to 1 year: 15% ● Exceeding 1 year, up to 2 years: 20% ● Exceeding 2 years, up to 3 years: 30%
Page A-167
How to Calculate IDV for Car Insurance ?
- Less than 6 months old: 5% depreciation - 6 months to 1 year: 15% depreciation - 1 to 2 years: 20% depreciation - 2 to 3 years: 30% depreciation