What are betterment or depreciation charges?
These are charges determined by your insurance carrier on parts that have a specific “lifetime” associated with them and are pro-rated based on the year and mileage of your vehicle. Examples of these parts are radiators, exhaust components, tires, and specific suspension parts to name a few. If your vehicle’s repairs have parts that are depreciated you will need to pay that amount at the completion of the repair process.
These are charges determined by your insurance carrier on parts that have a specific “lifetime” associated with them and are pro-rated based on the year and mileage of your vehicle. Example of these parts are radiators, exhaust components, tires, and specific suspension parts to name a few. If your vehicle’s repairs have parts that are depreciated you will need to pay that amount at the completion of the repair process.
These are charges determined by your insurance carrier on parts that have a specific lifetime associated with them or wear out over time. These charges are pro-rated based on the year and mileage of your vehicle. Examples of these parts are radiators, exhaust components, tires, and specific suspension parts just to name a few. If your repair includes the replacement of parts that are partially (or fully) depreciated, you may be responsible for paying for the portion of these parts that you “used up” before the loss occured. Again, these charges are determined by your insurance carrier and are outside of our control.
