Motor Insurance Renewal Checklist
Before renewing motor insurance, review the details that affect protection and claim experience.
IDV
IDV, or insured declared value, is the value used for vehicle insurance calculation. A very low IDV can reduce premium but may not match expectations during a total-loss claim.
Deductible and add-ons
A deductible is the amount you may bear during a claim. An add-on is optional extra cover, such as zero depreciation, subject to insurer terms.
No-claim bonus
No-claim bonus is a renewal benefit when no claim has been made, subject to policy rules and continuity.
Before you pay
- Confirm vehicle details and registration number.
- Review claim history and renewal date.
- Understand exclusions and add-on limits.
- Ask how expired-policy inspection works if renewal is delayed.