What is "Betterment" and how is it applied to claims?

The whole purpose of insurance is to put you back in the same financial position before a loss. For example, if your 2022 Suzuki Swift 1.2 GA is written off in an accident, we’ll either replace it with the same model (year, make and all) or pay out the car’s value at the time, nothing more or less. If a repair leaves your car better than before, we may deduct for that “upgrade.” For example, if we replace worn tyres with brand-new ones, you’re ending up with an improvement, so a betterment amount applies.