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What is
IDV in bike insurance? Insured Declared Value (IDV) is the maximum claim amount that a bike
insurance policyholder can receive in case of total loss or theft of the
vehicle. IDV represents the current market value of the bike, and it is a
crucial factor in determining the premium for comprehensive bike insurance policies. https://autolivenews.com/vehicle-information/what-is-idv-in-bike-insurance/
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