What are betterment or depreciation charges?

These are charges determined by your insurance carrier on parts that have a specific “lifetime” associated with them. The betterment is prorated based on the year and mileage of your vehicle. Examples of these parts are radiators, exhaust components, tires and specific suspension parts that commonly wear out and need replacement with time and usage. If your vehicle’s repairs have parts that are depreciated you will need to pay the betterment amount at the completion of the repair process.