What is Return To Invoice (RTI) Insurance?
If your vehicle is written off as a ‘total loss’ by your insurance company, you will only be paid the ‘current market value’ of the vehicle at the time of the loss, NOT WHAT YOU ORIGINALLY PAID and therefore not enough to buy the same vehicle again.
Why do I need this cover?
If you thought that having your vehicle stolen or written off would never happen to you, did you know?
- More than 1,000 vehicles are stolen EVERY day in the UK
- More than one third of vehicles stolen are NEVER recovered
- Vehicle Crime represents 25% of all crime in the UK
Fortunately, we can soften the blow with Return To Invoice Insurance, it pays out as a supplement to your comprehensive motor insurance, so you can afford to replace your vehicle with a similar model.
Your Benefits:-
- RTI pays the difference, up to a maximum of £10,000, between your insurance company payout and the original price you paid for the vehicle
- Covers you for a maximum of 3 years
- One single premium includes finance shortfall cover too
One off premium of £299.00 (per vehicle) for vehicles up to £30,000 invoice price.
One off premium of £369.00 (per vehicle) for vehicles over £30,000 invoice price.
Eligible Vehicles:-
- Vehicles up to £50,000 invoice price
- Cars and commercial vehicles up to 3.5 tonnes & Minibuses
- Cars and commercial vehicles up to 6 years old
- Applies to all purchase agreements
Major Exclusions:-
- Vehicles written off whilst driven illegally or under the influence of drugs or alcohol.
- Vehicles not covered by a fully comprehensive road risk motor policy.
- Vehicles used for hire or reward.
- Vehicles left unattended where the keys have not been removed, doors left unlocked and any immobiliser and/or alarm not activated.
FULL DETAILS OF POLICY TERMS AND CONDITIONS AVAILABLE ON REQUEST