Betterment Parts Wear Deduction Percent Lookup

Audit actual replacement part costs under caller verified wear deductions and independent betterment eligibility flags; no roof-age policy alias, legal deduction right or part safety rating.

Description

Betterment scenarios deduct verified part wear only on eligible items.

Betterment scenarios deduct verified part wear only on eligible items. Per-part monetary rounding precedes the net cost.^[1]

The returned values include Caller betterment deductions minor, Caller net replacement part costs minor. The How section below explains the calculation, input rules and interpretation.

When to use Betterment Parts Wear Deduction Percent Lookup

Use Betterment Parts Wear Deduction Percent Lookup when you need to evaluate the supplied records under the calculation and evidence rules below. No legal deduction right, roof-age schedule or part safety rating is supplied.

Prepare the observed policy, claim or quote evidence and independently verified policy tables. Monetary fields use integer minor units in one currency: for a currency with 100 minor units per major unit, enter 12345 for 123.45. One basis point is 0.01 percentage points, so 10000 basis points represents 100%.

How to use Betterment Parts Wear Deduction Percent Lookup and understand its results

Prepare the observed policy, claim or quote evidence and independently verified policy tables. Monetary fields use integer minor units in one currency: for a currency with 100 minor units per major unit, enter 12345 for 123.45. One basis point is 0.01 percentage points, so 10000 basis points represents 100%.
Enter observedReplacementPartCostsMinor, callerVerifiedWearDeductionBasisPoints, callerBettermentDeductionEligibleFlags using the field table and calculation rules, then run the tool.
Read callerBettermentDeductionsMinor, callerNetReplacementPartCostsMinor. The explanation below defines the units, signs, ordering and any flags or placeholder values.
If the tool reports an input issue, correct the values and run it again. Apply the stated assumptions when interpreting a successfully returned result.

Input field	Meaning	Value type; see rules below	Requirement
observedReplacementPartCostsMinor	Observed replacement part costs minor	list of number	Required
callerVerifiedWearDeductionBasisPoints	Caller verified wear deduction basis points	list of number	Required
callerBettermentDeductionEligibleFlags	Caller betterment deduction eligible flags	list of number	Required

Enter aligned nonempty integer part costs 0–10¹², integer wear basis points 0–10000 and binary eligibility flags. Return deductions and net replacement costs; rates are validated even for ineligible items.

deduction_i=eligible_i?roundMinor(cost_i×wearBps_i/10000):0; net_i=cost_i−deduction_i

Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.

Output field	Meaning	Value type
callerBettermentDeductionsMinor	Caller betterment deductions minor	list of number
callerNetReplacementPartCostsMinor	Caller net replacement part costs minor	list of number

json

{
  "input": {
    "observedReplacementPartCostsMinor": [
      1000,
      2000
    ],
    "callerVerifiedWearDeductionBasisPoints": [
      1000,
      5000
    ],
    "callerBettermentDeductionEligibleFlags": [
      1,
      0
    ]
  },
  "output": {
    "callerBettermentDeductionsMinor": [
      100,
      0
    ],
    "callerNetReplacementPartCostsMinor": [
      900,
      2000
    ]
  }
}

Limitations and assumptions

No legal deduction right, roof-age schedule or part safety rating is supplied.

Numeric inputs, where present, must be finite. Follow the calculation-specific rules for overflow, underflow and exceptional cases. Numeric lists are limited to 10,000 entries; string lists to 128 strings of at most 128 characters each. The rules above may impose smaller limits. Missing required fields, extra fields, wrong value types and violations of the calculation rules are input errors.

Alternative or Complementary methods

Use Roof Age Depreciation Payout Lookup: A roof-age schedule gives policy-specific depreciation. This scenario subtracts rounded depreciation and deductible before clipping payment at zero. For a complementary task, use Replacement Cost vs ACV Payout Compare Tool: ACV and replacement-cost scenarios differ by depreciation and replacement evidence. This calculation applies deductible before the limit.

References

Betterment Parts Wear Deduction Percent Lookup — tool.io

Similar or alternative tools

Roof Age Depreciation Payout Lookup
A roof-age schedule gives policy-specific depreciation. This scenario subtracts rounded depreciation and deductible before clipping payment at zero.
Replacement Cost vs ACV Payout Compare Tool
ACV and replacement-cost scenarios differ by depreciation and replacement evidence. This calculation applies deductible before the limit.