Car Insurance IDV Explained: How Depreciation Changes Your Claim Amount
Learn how car insurance IDV is set, how age-based depreciation changes total-loss cover, and how to compare renewal quotes…
Read: Car Insurance IDV Explained: How Depreciation Changes Your Claim Amount →
In this short
- IDV: The Number Behind Total-Loss Cover — A practical guide to car insurance IDV, depreciation and renewal checks for Indian owners.
- IDV Is Own-Damage Sum Insured — It is used mainly for theft, total loss and constructive total loss settlements.
- Age Reduces The Declared Value — The standard schedule reviewed as of October 2026 applies through the first five years.
- A Two-Year Slab Can Mean ₹8 Lakh — On an illustrative ₹10,00,000 listed value after 20% age-based depreciation.
- Repair Cost Is Compared With IDV — Crossing the stated threshold may indicate constructive total loss, subject to policy terms.
- Compare More Than The Premium — Read IDV, deductibles, exclusions, salvage wording and add-on limits together.
- Get the complete breakdown — Numbers, comparisons and what to check next.