What Is Betterment? [ Auto Insurance ]

After an accident, it’s an insurance company’s job to pay for any repairs that are necessary for getting your vehicle back to pre-accident condition. But what happens if, say, an old tire with little remaining tread is damaged during an accident? For safety reasons, your insurance company cannot put a used tire on your car; instead, they would pay for a new tire to be put on your vehicle. Now your vehicle isn’t in pre-accident condition; it’s in better condition than it was and has a higher market value than it did prior to the accident. See the problem? 

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