Xactimate: Property Claims Estimating Software (2024)

FAQs

How accurate is Xactimate software? ›

Unless the insurance company claims adjusters account for this, their estimates are not going to be reflective of actual costs, and we will have a repeat of inaccurate Hurricane Michael estimates, with thousands of claims valuation disputes. Xactimate has finally issued a warning to users about its inaccurate pricing.

Adjusters and insurance companies all use Xactimate to help process property claims. Xactimate can help an adjuster to document property damage. By using the software, an adjuster can both sketch out property details, as well as create loss estimates.

Mistakes happen. The difference between the excellent adjuster and the so-so adjuster is the number of mistakes made. Claims management, supervisors, and managers also make errors in judgment or unwittingly commit an oversight.

Roofs and Siding Estimates: You will typically receive your Xactimate estimate as a PDF attachment by return email usually within 1-2 days, except Sundays and holidays. There are times, however, when an order can take longer due to volume. All estimates are written from scratch by seasoned professionals.

Xactimate is a construction pricing software/database that most major insurance companies use to write up claims. Chances are very great your claim was written on this software. State Farm, Allstate, Liberty Mutual, Safeco, USAA, all use this software.

Use of Xactimate for Contractors. Xactimate has emerged as a widely used computer software system for estimating construction costs in the insurance industry. Insurance adjusters heavily rely on this software to calculate building damage repair expenses and generate loss estimates and claim settlement offers.

JustEZ is the last mile app for claims adjusters. We crafted JustEZ app to serve one purpose - help adjusters do more inspections. JustEZ app helps you to sync inspections from various carriers, schedule appointments, sync photos to cloud and write scoping reports.

Self-discipline – essential for working independently. Project Management – the ability to work on multiple claims simultaneously. Computer Skills – proficiency in typing and using certain independent adjuster software programs. Excellent Organization – since sloppiness can lead to costly errors.

Dealing With Insurance Adjusters

The insurance adjuster has only the best interests of their client in mind and will perform their duties with a certain degree of bias. Some insurance adjusters may even go as far as to employ bad faith tricks to lower the potential payout the insurance company has to deliver.

Insurance claims adjusting is a high-stress job that can be mentally and emotionally draining. Claims adjusters often work long hours, handle difficult clients and situations, and have to manage multiple claims simultaneously. All of these factors can lead to stress and burnout.

What not to say to an insurance investigator? ›

Even if you feel you're at fault, wait for the official investigation to prove what actually happened. Don't say things like “I'm sorry” or “it was my fault.” Your injuries: Insurance adjusters may reach out to you in the hours after an accident and well before an accident investigation has made clear who was at fault.

Xactimate® estimates look impressive because they are well-organized, professional-looking and lengthy, but they are often inaccurate. A computer cannot replace the knowledge of a local, experienced construction professional as to the materials, time and labor costs associated with a job.

If you're middle-aged or above (like me), mastering new, complex computer programs like Xactimate can feel completely overwhelming, like an impossible hurdle. The good news is that anyone can master Xactimate. I know because I've watched it happen. I've witnessed great success in some of my most unlikely students.

We have a fee range from $110 to $165 an hour for everyone from old, established clients (lower fee) to brand new folks (coaching included in services). After the minimum service fee ($299), our estimate generation fee will not exceed 2% of the value of the estimate.

Xactimate is simply an estimating machine that breaks down the 10,000+ labor and materials associated with various types of claims into separate line items. Median market prices are used for each line item to streamline the process.

Making accurate software estimates is challenging partly because we often fall victim to the planning fallacy—the tendency to underestimate the time it takes to complete a task, even if we have done it before.

Xactware is owned by the insurance industry. Xactware is a subsidiary of Verisk Analytics. Verisk was formed to be the parent company of the Insurance Services Office (ISO) which is an organization of which the readers of this blog should be well aware.

Xactimate is offered two ways. With Xactimate Professional, you can use the product on all three platforms – desktop, online and mobile. With Xactimate Standard, your Xactware ID is available only on the platform you chose at signup.