Consumer Tip: Insurance Betterment

When you review your insurance estimate, you may see a term called “Betterment.” In this video, Mike Anderson is joined by Michael Bradshaw of K&M Collision to explain that betterment is an insurance term used to describe improvements that may result to your vehicle which improve the value or condition to better than it was before the loss, by performing the repairs. For instance, you may have worn tires with 50% life left, and they need to be replaced. Betterment is accounting for the wear that had already occurred on your property unrelated to the loss.



It’s important to note that betterment is determined and applied by the insurance company, and the repair facility has no control over that transaction. Betterment is accounted for on the insurance estimate, separate from the deductible.



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