Sun. Nov 24th, 2024

💡Car got stolen | Don't Let insurance company fool you #shorts #education #finance #money

💡Car got stolen | Don't Let insurance company fool you  #shorts #education #finance #money

💡Car got stolen | Don't Let insurance company fool you

⭐What is Return to Invoice Cover (RTI) in Car Insurance?

➡️RTI or Return to Invoice is a cover that enables you to receive compensation when a car is stolen or when it is beyond repair. Earlier, this compensation amount was equivalent to the car's invoice value i.e., the original value of the car when you bought it. Now, we have enhanced the coverage for RTI, wherein the policyholder can claim for the amount as per the value opted by them at the time of add-on purchase. This value could be the original invoice value when the vehicle was purchased or the new invoice value when the insurance was bought or the new invoice value when the vehicle was totally damaged or stolen.

For instance, in the unforeseen circumstance where your car is stolen, and the police are not able to find the car, it might put you in a difficult, dire situation. Apart from this, if your vehicle suffers an accident and gets damaged beyond repair, you are eligible to raise a claim against it. This is when RTI comes into the roleplay. When you have return to invoice insurance, you need not worry as it lets you get the compensation equal to the invoice value of your vehicle.

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