Three-C Body Shop Offers Diminished Value Assessments

Columbus, OH (January 22, 2020) - Three-C Body Shop is pleased to announce they are now offering diminished value assessments.

Diminished value, commonly referred to as DV, describes the loss in a vehicle’s market value due to damage and repair. There are three main types of DV that can cause a vehicle to lose value. The first is inherent DV, which is market value loss due to accident-related losses. Additionally, substandard repairs and insurance claim practices can contribute to losses in a vehicle’s market value.

Diminished value assessments play an important role in insurance claims. Because the financial responsibility of DV claims falls on either the person who caused the accident or their insurance company, it is very important that accurate assessments are provided. Though Ohio only recognizes diminished value on claimants, those not at fault for the loss, diminished value assessment are equally important for both parties. For that reason, Three-C Body Shop’s decision to provide diminished value assessments is significant to vehicle owners in the Central Ohio region.