Does IDV reduce every year in zero depreciation?

Does IDV reduce every year in zero depreciation?

IDV is the maximum amount that you can claim against total damage, loss or theft of your car. Thus, the more is the IDV, the more will be the premium towards a Zero Depreciation Add-on. In general, the premium for Zero Depreciation add-on is 10 -20% more than a standard comprehensive policy.

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