This entry was posted in Twitter on June 29, 2015 by twilight Does it make sense to reduce the IDV of your vehicle , thus reducing the amount of motor insurance premium?
Reply ↓ VyomPrashant June 29, 2015 at 06:31 @twilightfairy its a fairly common practice. Depends on your own risk assessment. Also helps to benchmark IDV with current market value.
Reply ↓ vasudevan_k June 29, 2015 at 06:34 @twilightfairy no don’t. Unless the insurance company do it themselves. In total loss cases only the IDV will be paid.
Reply ↓ meetneo June 29, 2015 at 07:05 @twilightfairy but then claim amount would also reduce in case of any eventuality.
@twilightfairy its a fairly common practice. Depends on your own risk assessment. Also helps to benchmark IDV with current market value.
@twilightfairy no don’t. Unless the insurance company do it themselves. In total loss cases only the IDV will be paid.
@twilightfairy but then claim amount would also reduce in case of any eventuality.
@twilightfairy no