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Re: Betterment charges for engine components


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Posted by Steve Bachman on September 07, 1998 at 08:53:29:

In Reply to: Re: Betterment charges for engine components posted by bob on September 04, 1998 at 19:08:05:

:Thanks Bob. I asked AAA to fax me the portion
of the contract that covers "betterment". What
they sent says, under EXCLUSIONS that they will
not cover loss "limited to wear and tear..." It
also says under LIMITS OF LIABILITY that "cash
value" includes deduction for depreciation. There
was nothing explicit about betterment of parts that
wear.
Do anyone out there know whether the regulation
that I referenced below applies in Michigan? It
is very specific with regard to betterment.
AAA made verbal reference to betterment applying
to "any parts that wear." The regulation seems to
say that it only applies the parts that normally
WEAR OUT (like tires, batteries, etc.) and whose
replacement increases the market value of the
vehicle. This is much more limiting and, in my
opinion, more realistic and fair.
: steve, look to your contract with aaa. Most policies have clause that allows them to charge betterment on parts that wear....otherwise the insured would actually be better off with new parts replacing old parts....not the intent of insurance.
: : AAA Michigan is charging "betterment" for replacement
: : engine parts (pistons, crankshaft, etc.) I found
: : something on the internet that refered to WAC 248-30-
: : 390(8) (see http://www.wa.gov/ins/library/96-1.HTML).
: : It indicates that betterment/depreciation are only
: : permitted for parts normally subject to repair and
: : replacement during the useful life of the car. It goes
: : on to say that the deductions are limited to the "amount
: : the resale value of the vehicle is increased by the
: : repair or replacement."
: : Is that regulation specific to Washington state, or is
: : it nationwide?

: : My car is a 10 year old Acura Legend. The pistons and
: : crankshaft are not normally subject to repair and
: : replacement. In any case, since the engine has only
: : 59K miles, the new parts do not add to the market value
: : of the car. The engine already had far more useful
: : life than the rest of the car.

: : Please let me know your thoughts. Thanks.

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