Betterment Clause

In the context of property insurance, a Betterment clause reserves the right of the insurance company to reduce the amount paid in respect of a claim so that the claimant is no better or worse off. This is an application of the principle of indemnity.

What to do if you need more help

If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.

We hope you found this information useful.

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