💨 Abstract

Car insurance significantly impacts the resale value of a car in India. A car with a history of claims may be perceived as a higher risk, reducing its resale value. On the other hand, a car with a high no-claim bonus (NCB), indicating a claim-free year, can command a higher resale value. Comprehensive car insurance, which provides coverage for own-damage and third-party, may also command a higher resale value.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖