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How to Calculate IDV of a Car? Step-by-Step Guide | Generali Central

https://www.generalicentralinsurance.com/blog/car-insurance/how-to-calculate-idv-of-car

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Why Online IDV Calculators Show Different Car Values | Generali Central

https://www.generalicentralinsurance.com/blog/car-insurance/why-online-idv-calculators-show-different-car-values-for-the-same-car

15.9%

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Paragraph match score 81.6%

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Thank you for your interest!

Is IDV the same as market value or resale value

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.