Insured Declared Value (IDV)

• ​​​​​​What is IDV?
• What is the ideal IDV value for my bike in bike insurance policy?
• Does my IDV depend on the state or city where I had purchased my bike?
• How is the IDV value calculated for my bike?
• What is the difference between IDV and premium?
• What is the difference between Minimum, Standard and Maximum IDV?