What is RTI in Car Insurance? Return to Invoice Cover Explained
What is RTI in Car Insurance? When you buy a brand-new car, the excitement is often dampened by one harsh financial reality: depreciation . The moment you drive that vehicle out of the showroom, its market value begins to drop. In the unfortunate event of a total loss such as a major accident or theft a standard comprehensive insurance policy only compensates you based on the Insured Declared Value (IDV) , which is the current market price of the car, not what you actually paid for it. This is where Return to Invoice (RTI) comes into play. But exactly what is rti in car insurance , and why is it considered a "golden" add-on for new car owners? In this detailed guide, we will break down the mechanics of RTI, compare it with other essential add-ons like Engine Protect (EP) and Zero Depreciation (ZD), and help you decide if this investment is right for your vehicle. Quick Answer: RTI stands for Return to Invoice . It is an add-on cover in car insurance that b...