Monday, June 9, 2014
Motor Insurance - Betterment
What is Betterment in Motor Insurance?
In short, in case of claim, you have to bear part of the repair cost due to "old car" for "new spare parts".
The following extracted from Policy, pretty a standard one for all the insurers in Malaysia.
For luxury car owner, it is recommended that you buy a cover "Waiver of Betterment Cost" at additional premium payable to insurer.