Explain Improvements And Betterments (Aka Additions And Alterations)
Improvements And Betterments (Aka Additions And Alterations) Technical Terms
Improvements And Betterments (Aka Additions And Alterations) : Normally refers to material changes made in a unit or residence beyond the developer’s standard. Such changes include addition of upgrades, special flooring, added paneling, etc. Clarifying what these items are and how they are insured is critical because CC&Rs and master policies vary considerably in how these are handled. These items are not to be confused with the term improvements when it refers to any additions to raw land. These normally would fall within the responsibility of the Association to insure, unless specified otherwise in the CC&Rs.