Return to Invoice
Currently our company runs 19 vehicles, 4 cars and 15 vans. With the RTI (return to invoice) product we have had previous experience with this claim when my daughter's car had a major accident and it was written off and we were very pleased with the timescale in getting the claim turned round probably about two weeks and we her car back on the road very promptly.
The cost of the policy compared to the benefits is that you don't have to worry as far as having a van off the road written off and is replaced very quickly and £2.53 per week is hardly worth bothering about.
We took out the insurance we did not realise just how much a van would go up in price over the following 3 or 4 years the major benefit is that at the moment we have a vehicle which has been written off and to return to the market value there is about £6k of difference so that is quite a saving for us that we don't have to find to replace that vehicle. In our experience over the last 5 years or so, we find that we've had one van or car written off but recently we have had two vehicles written off in the last year and we have found it very helpful that the fact that only £2.53 per week it makes taking out the insurance very simple and when we get a return to market value compared to the £4,300 the insurance company is offering us against the £10k the vehicle is going to cost to replace it makes perfect sense to take out the insurance.
The return to invoice cover would be mandatory as far as I am concerned on any future purchases we have with our vehicles. It has made perfect sense up till now and I see no reason to change it. It gives me great peace of mind and saves me worrying about what might happen in the future.
