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Q » How does the concept of 'betterment' apply to repair and replacement costs?
17 Oct, 2025
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A » The concept of 'betterment' in construction refers to improvements that enhance the property's value beyond mere repairs. When assessing repair and replacement costs, insurers or stakeholders may deduct betterment costs from claims, as they reflect added value not attributable to damage. This ensures that compensation aligns with restoring the property to its original condition rather than upgrading it, maintaining fairness in financial assessments.
17 Oct, 2025
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