https://www.taxtmi.com/news?id=30424 Third-party car insurance is mandatory under the Motor Vehicles Act, 1988, and both the type of cover and claims history affect a car's resale value. A claim history can reduce resale price by signalling higher risk; a preserved No-Claim Bonus and comprehensive coverage can enhance resale by indicating better maintenance and broader protection. Owners are advised to avoid minor claims, maintain comprehensive policies where appropriate, preserve NCB, and disclose insurance details when selling. en-us Thu, 16 Jan 2025 11:46:03 +0530 Thu, 16 Jan 2025 11:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=30424 Third-party car insurance is mandatory under the Motor Vehicles Act, 1988, and both the type of cover and claims history affect a car's resale value. A claim history can reduce resale price by signalling higher risk; a preserved No-Claim Bonus and comprehensive coverage can enhance resale by indicating better maintenance and broader protection. Owners are advised to avoid minor claims, maintain comprehensive policies where appropriate, preserve NCB, and disclose insurance details when selling. News - Thu, 16 Jan 2025 11:46:03 +0530 https://www.taxtmi.com/news?id=30424