Two Wheeler Insurance
Depreciation's Impact on the IDV of the Two-Wheeler Insurance Plan
This article explains how depreciation influences the Insured Declared Value (IDV) in two-wheeler insurance. It covers the meaning of depreciation, how IDV is calculated, standard depreciation rates, and how these affect insurance premiums and claim payouts. It also provides practical advice on choosing the correct IDV, avoiding common mistakes, and keeping your bike’s value aligned with fair insurance coverage.
21 Apr 2025
This article explains how depreciation influences the Insured Declared Value (IDV) in two-wheeler insurance. It covers the meaning of depreciation, how IDV is calculated, standard depreciation rates, and how these affect insurance premiums and claim payouts. It also provides practical advice on choosing the correct IDV, avoiding common mistakes, and keeping your bike’s value aligned with fair insurance coverage.
21 Apr 2025