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Benefits of Return To Invoice Car Insurance Add-On Coverage

Published On Oct 12, 2020, Updated On Oct 15, 2020

Benefits of Return To Invoice Car Insurance Add-On Coverage

Car insurance add-ons are additional coverages which help extend the coverage offered by a standard car insurance policy. These add-ons provide coverage in a range of cases that would otherwise not be covered by a basic car insurance policy. Add-ons are available at an additional premium, and so you can tailor your insurance policy as per your requirements. This allows you to save considerable amounts of money that would otherwise have been spent at the time of raising insurance claims. A key car insurance add-on is the Return to Invoice (RTI) cover or Invoice Protection Cover, which is useful especially in the case of theft of your car. Let’s read about it in detail!

How Return to Invoice (RTI) Add-on Helps You Protect Your Car Against Theft

Theft is a common fear and danger for all car owners, especially those in theft-prone areas or those who own an expensive or new car. With a standard comprehensive insurance policy, if your car is stolen, you would be compensated for the Insurance Declared Value (IDV) of your car. IDV in car insurance refers to the assessed market price of your car which depreciates with time. Thus, even if your car is insured with comprehensive insurance, you would incur some loss of the lost market value of your car. Thus, it is advisable to purchase a Return to Invoice add-on to ensure you are protected in case of theft. Let’s find out its benefits and how it helps us in case of theft.

Benefits of Return to Invoice

Return to Invoice cover is especially useful in the case of theft, as in such a situation if you raise a claim, without this add-on cover you would only be compensated the Insurance Declared Value (IDV) of your car and not the total value that you would have paid for it. IDV depreciates with time. As such, it is extremely beneficial to avail of Return to Invoice cover as it covers the difference between the on-road price and the IDV of the car. This enables you to be compensated for the original price that you paid for your car. Therefore if your car is stolen, with RTI you can ensure that the reimbursement you receive is equivalent to the initial invoice value of your car.

Who Should Take Return to Invoice Cover?

This car insurance add-on is extremely advisable, and especially recommended for:

  • Those with a new car.
  • Those who have an expensive car.
  • People who live in theft-prone areas.

These individuals would have an increased threat of their car being stolen and would be likely to require this additional coverage.


RTI coverage is thus an insurance add-on that is applicable in times of theft or total damage of your car. While it costs an additional premium, it will give you additional protection too.

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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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