| WHAT IS A BETTERMENT? |
| A betterment
is when an insurance company calculates depreciation on a part due to normal
wear. A betterment is normally about 20% of the cost of the part. Betterments
are based on the fact that there is everyday wear on parts - and that when
they are replaced as part of an accident, they had depreciated from normal
wear. Therefore, the customer is responsible for partial payment of the
part - over and above the deductible. Betterments are commonly taken on tires, suspension parts, mechanical parts and other high use items. More information on betterments should be stated in your insurance policy. |