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Helps in case of theft
Car thefts can be financially devastating. With RTI, you’re covered for the total on-road price you paid, ensuring you’re not left with a financial loss if your car is stolen.
Who Should Consider RTI Insurance?
· New car owners : Depreciation is highest in the first 2–3 years. RTI ensures you are fully compensated if the car is a total loss. · Owners of premium vehicles : Luxury or imported cars often have higher taxes and registration costs, which are covered under RTI. · Loan-financed cars : RTI ensures you can repay the bank fully without dipping into personal funds. · Individuals seeking complete protection : Owners who prefer peace of mind and minimal financial risk.
Are RTI and Insured Declared Value(IDV) the same?
RTI and IDV are different. IDV is the current market value of your car after depreciation. But RTI ensures you get the full invoice value you paid initially, covering the difference if your car is stolen or completely damaged.
Who Should Consider RTI Insurance?
· New car owners : Depreciation is highest in the first 2–3 years. RTI ensures you are fully compensated if the car is a total loss. · Owners of premium vehicles : Luxury or imported cars often have higher taxes and registration costs, which are covered under RTI. · Loan-financed cars : RTI ensures you can repay the bank fully without dipping into personal funds. · Individuals seeking complete protection : Owners who prefer peace of mind and minimal financial risk.
What’s covered under RTI cover in car insurance
1. RTI covers the full invoice price of your car if it’s stolen or damaged beyond repair. 2. It’s usually available for cars less than three years old. 3. RTI is especially valuable in high-risk situations(Ex- damage due to natural disasters). 4. The original invoice may be needed when making a claim.
Who Should Consider RTI Insurance?
· New car owners : Depreciation is highest in the first 2–3 years. RTI ensures you are fully compensated if the car is a total loss. · Owners of premium vehicles : Luxury or imported cars often have higher taxes and registration costs, which are covered under RTI. · Loan-financed cars : RTI ensures you can repay the bank fully without dipping into personal funds. · Individuals seeking complete protection : Owners who prefer peace of mind and minimal financial risk.
Extends coverage beyond basics
Return to Invoice cover provides extra protection beyond standard car insurance . It bridges the gap between the depreciated value your policy typically covers and the total invoice value, providing peace of mind for those who want complete coverage.
1. What is the return to invoice cover?
Return to invoice cover is an insurance add-on that pays the full original invoice value of your car in the event of total loss, rather than the depreciated market value.