Understanding the complex terms in motor insurance can be tricky, especially if you’re buying it for the first time. There are many terms you need to know to fully understand how your plan works. One of these important terms is IDV (Insured Declared Value). IDV plays a big role in motor insurance, as it can affect both your premium (the amount you pay) and your claim. https://www.squareinsurance.in/blog/motor-insurance-news/idv-meaning-and-importance-in-insurance