Return to invoice (RTI) cover is a type of car insurance add-on that provides financial coverage in case of theft or total loss of your vehicle. The policy is designed to protect the financial investment of the owner and ensures that you receive the full value of the car if it becomes unsalvageable.
In the event of theft or total damage to your car, the standard insurance policy only pays the market value of the vehicle. However, the market value of the car might not be enough to cover the outstanding loan or the original purchase price of the car. With an RTI cover in your car insurance policy, you avoid being out of pocket for a significant financial shortfall.
For instance, consider a scenario where you financed a car worth $30,000, and after a year, the car gets stolen. With a standard insurance policy, you might receive only $20,000 as the market value of the car. However, with an RTI add-on, you will receive the full amount of $30,000, enabling you to clear your outstanding loan or invest in another vehicle, without any financial burden.
Return to invoice cover is especially relevant for newer cars with higher purchase prices. Investing in this add-on can save you from the stress of depreciation and market fluctuations that can significantly affect the value of your car in the long run.
In conclusion, Return to Invoice (RTI) cover is an essential add-on for car owners seeking maximum financial security for their vehicles. With RTI, you can safeguard your financial investment in your car against unforeseeable theft or total loss, without the possibility of out-of-pocket expenses. Always read and understand the terms of your insurance policy before choosing an RTI cover to ensure that it meets your specific needs.
This video help you to understand Return to invoice Cover in detail with example. You will be able to understand how you can get the original purchase cost of your car along with registration charges and road tax. Assessment of loss with Return to invoice Cover and without it explained with example.
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Sir meri car total demage ho gya tha claim b company ne settle kar lea hai but paymwnt karte same unhone registration charges 1/3 pay kiya hai keh rahe hai ke apne 1/3 car chalayi i mean 5 year car chalayi jabki RC 15 yr ki hoti hai
Bhai meri gadi ka idv 6 lack hai to vhi gadi showroom wano ne gadi pe 5 lack ke part lgvaye hai pr mane bola tha ki gadi total loss kre to unone suna nhi meri bat to gadi bna dali to abhi mai kya kru
TL के लिए 75% बेस प्राइज से लगे है या IDV से
Hi, Very clear and informative video. My bodyshop manager is asking for around Rs 25000 as estimation charges for my total loss car. I have RTI in my insurance. Are these charges real or fraud?
Maina last year rti na liya kya ma is bar la skta ha pls explain
Expire puc certificate effect car theft claim
Do I need to get return to invoice from showroom? Or can I add that later even after one year? I am assuming the one given by showroom is anyways valid only for one year.
Agar Mae idv minimum rakh ke RTI le lu to kya hoga after total loss. Iss par ekk video banaiye
Apka number mil skta h
Good sir very valuable information
Plz share your contact number than we can talk to you
Give me no
I am one of the Victim of Such Incident. I have Lost my Four year Old Car in a Fire Accident. got 40% of Original Price. I request Everyone Should Add RTI as add on While Renewing Their Insurance Policy.
No Insurance Company Illustrate the Benefit of the Same While Renewing it.
Please contact no..
With GST milta hai ya GST less karkay daitay hai
Can one go to RTI for his vehicle which is 8 years old
Sir maine apni car January 2018 m kharidi thi november 2021 m accident ho gya .mere car m RTI cover hai lekin insurance apni bol rhi modern old ho gye hai aap ko sirf IDV cost milega sirf.
Aapne jo example diya hai wo 3 saal se jyada ka hai, aur RTI 3 saal se jyada ka claim cover nahi karta
RTI wale Invoice me sirf Basic price milega ya including Gst CGst Cces total added milega sir…??
Sir small question , does RETURN ON INVOICE COVER is available in bike insurance ?