25
Sep 2024
25Sep 2024 Motor Insurance
Why it is important to have third-party car insurance

Driving responsibly is crucial for safety, and third-party car insurance is mandatory in many countries, including India. Lacking this insurance can lead to legal penalties, financial liabilities, and potential imprisonment. It also affects future car ownership and insurance dealings. Third-party insurance ensures protection and responsible vehicle ownership.

23
Sep 2024
23Sep 2024 Motor Insurance
The impact of car insurance on your car resale value

Car insurance significantly impacts the resale value of used cars. Factors such as Insured Declared Value (IDV), depreciation, claims history, and the type of insurance policy play crucial roles. Comprehensive insurance generally enhances resale value, while third-party insurance may lower it. Properly managing these elements can ensure a fair deal for both buyers and sellers.