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Customized Machines covers the associated fee to mend or switch aftermarket equipment like infotainment devices and customized wheels.

For illustration, a five% depreciation price is used when calculating the IDV if the car is six months outdated. The speed of depreciation raises annually after that.

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The restore or substitute Value is just not protected underneath the automobile insurance system for the people auto components that go through damage as time passes on account of regular use.

IDV refers to the highest amount of money that an insurance corporation will present as compensation during the party of a complete reduction or theft of an insured motor vehicle.

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