MN Public Adjuster Practice Questions - Minnesota Public Adjuster Exam

What is 'betterment' in insurance claims?

Improving customer satisfaction An increase in value that occurs when repairs or replacements improve the property beyond its pre-loss condition; the insured may be responsible for the additional cost The insurer paying more than the policy limit A bonus for the public adjuster

Correct Answer:

An increase in value that occurs when repairs or replacements improve the property beyond its pre-loss condition; the insured may be responsible for the additional cost

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