Betterment Definition:

An improvement put upon a property which enhances its value more than mere replacement, maintenance, or repairs.
In Northern Insurance, Justice Terry Wooten of the United States District Court (South Carolina, Florence) adopted these words:

"A betterment is defined as an improvement put upon a property which enhances its value more than mere replacement, maintenance, or repairs.

"The improvement may be either temporary or permanent."

REFERENCES:

  • Northern Insurance Company v. 1996 Searay Model 370DA Yacht, 453 F. Supp. 2d 905 (2006)

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