Did you know there are more than 125K claims professionals working in the U.S. alone? More than 70% of adjusters work in-house at more prominent insurance companies.
If you have been hired for a restoration project due to fire, mold, water, wind, or something else, there’s a good chance you want to get the Xactimate estimate complete, avoid arguing with these adjusters, and get the project started as quickly as possible.
Unfortunately, this is not always what happens. However, by using a Xactimate estimate, you can simplify the process and get the project started sooner, rather than later.
However, before diving into the Xactimate process and why it is so beneficial, it is a good idea to learn more about precisely what this estimate is and why it is better than other options.
Xactimate Explained
Xactware created Xactimate. It is a unique, claims estimating software.
In the past, estimates for claims to insurance companies had to be created manually, by hand, and restoration professionals had to use calculators and price books to figure out the cost of a project. With Xactimate, though, most of these tasks are automated through their pricing databases.
There are more than 3.5 million claims made in the U.S. each year. That is a lot of claims and represents a lot of time and work. With Xactimate, the entire process is more efficient, more accurate, and ensures the needed repairs or restoration are provided in a timely manner.
When Xactimate is used, it makes receiving and sending estimates easy and fast – much faster than doing it manually.
Why Use Xactimate?
Xactimate is quite robust when it comes to features. It does not matter if you need to sketch out the features to figure out the calculations and dimensions or know what items are included in the restoration or repairs; the Xactimate software can handle it.
Another appealing feature is that the software will update the prices every month. This means when you finally print out a summary of the line items, you can have confidence, they are up-to-date and accurate. Also, there are more and more people in the industry using this software, which means it is easy to work with others and share information without issues.
How does Xactimate help specifically? It offers:
- Streamline estimating
- Safe time and money when creating estimates
- Auto-updates for pricing information
How Xactimate Works
The software keeps a connection to all online servers, so it is possible to update pricing info, all in real-time. Many big-name companies currently use the system to ensure pricing uniformity between contractors and themselves. The program uses items like measurements, materials, and labor to determine prices.
Implementing Xactimate Technology
As you can see from the information here, Xactimate offers an array of benefits. If you have not yet looked into this software option, now is a good time to do so. It will make your job easier, faster, and help you save money, which makes the initial investment well worth it. If you have questions or want more information, contact the professionals.