what is rti in car insurance

Return to Invoice (RTI) is an add-on cover offered in comprehensive car insurance plans. It allows the policyholder to receive compensation equal to the cars invoice value in case of total loss or theft of the vehicle. The RTI cover bridges the gap between the Insured Declared Value (IDV) and the invoice value of the car, ensuring that the policyholder receives the full amount they paid for the car. The cost of RTI is generally around 10% more than a comprehensive car insurance plan. RTI is an optional add-on cover that can be purchased while buying a car insurance policy.