Where does "Betterment" show up in a claim?

The term matters on estimates and scopes across the insurance restoration workflow. Browse the glossary for related terms.

Estimating & Workflow

Betterment

The value a policyholder receives when old damaged property is replaced with new material. Insurers deduct that value from the payment so the policyholder does not profit from the claim. Betterment shows up alongside depreciation on older items, and matching rules shape whether the newer material was required by the repair.

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