What is Xactimate®? It is the most relied upon estimating software in the reconstruction and restoration industries. As the industry standard, it is primarily designed to automate the estimating process for insurance adjusters. Xactimate® helps create detailed, comprehensive cost estimates for repairs and restorations. It is a standardized platform that evolves with the industry to provide the most accurate and up to date pricing information for local markets, streamlining the process for faster claims resolutions.
Understanding Xactimate® and how it works is essential if you want to thrive in a claims related construction industry. It ensures that the contractor, homeowner, and insurance company are all on the same page by using a standard estimating process to arrive at a final and complete cost for an insurance claims project.
Key Features:
Price Lists:
Price lists for Xactimate® are built on a regularly updated database of building components and change with the rising costs of construction. Sourced from local vendors, suppliers, and contractors, they calculate tailored prices for market conditions in each specific geographical location.
Each price list contains a massive collection of line items that account for the material, labor, and varying local conditions applied to each piece of a reconstruction project.
Sketching:
Xactimate® stretches beyond the written cost estimate details with the Sketching tool. It allows users to create precise structural diagrams, similar to CAD, and add materials based on the exact measurements in that sketch, eliminating manual calculation errors.
Why do contractors use Xactimate®?
Using Xactimate® makes it simple for contractors and insurance companies to speak the same pricing language. Missing items and additional work is easily communicated without discrepancies over item descriptions or cost. It is all right there.
Xactimate® makes estimating easier! Contractors can quickly build detailed estimates using an extensive and intuitive tool set and custom templates. Accurate cost estimates and detailed proposals help build trust with property owners and insurance adjusters alike.
