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First documentHow Often Should You Recalculate Your Car's IDV Before Renewal? | Generali CentralOpen original ↗
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Second documentIDV Calculator for Commercial Vehicles: How It Works | Generali CentralOpen original ↗
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Paragraph matches
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First paragraph70 words
How Often Should You Recalculate Your Car's IDV Before Renewal?
The short answer: every single renewal, without exception. Since IDV is locked for the full policy period and only resets when you renew, an outdated figure from last year carries forward untouched if you don't actively update it. Running the IDV calculator for a car afresh each year, right before you renew, is the only way to keep your sum insured aligned with what your car is actually worth today.
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Second paragraph38 words
When should you use an IDV Calculator?
Anytime you need to ascertain or reevaluate the accurate insured value of your car, you should use an IDV calculator. It is particularly crucial when purchasing a policy, renewing one, or when the vehicle's usage or condition changes.