What does Betterment mean? Read on to discover the definition & meaning of the term Betterment - to help you better understand the language used in insurance policies.
Betterment refers to actions or expenses that add to an asset's value or improves its performance. It does not refer to maintenance tasks meant to retain the asset's current value. In the context of insurance, renters of a property often purchase betterment insurance to cover the costs of improvements.
We hope the you have a better understanding of the meaning of Betterment.