What Is Xactimate? And How Can It Help With Insurance Claim Estimates?

Xactimate® is a powerful computer software used to estimate construction costs in insurance claim settlements. It is widely used by insurance companies, adjusters, restoration professionals, and contractors to calculate the cost of property damage repairs and replacements. Xactimate offers a comprehensive solution for creating precise and detailed estimates throughout all stages of the claims process.

Who Uses Xactimate?

Insurance Adjusters

Insurance adjusters rely on Xactimate to accurately estimate property damage costs. It helps them streamline the estimating process and produce professional-looking estimates promptly. Adjusters can access up-to-date pricing research and accurately calculate depreciation, waste, time, and materials for each project using Xactimate.

Public Adjusters

Public adjusters also utilize Xactimate to ensure accurate estimates for their clients; Xactimate helps public adjusters negotiate fair claim settlements on behalf of their clients. While many public adjusters write their estimates, we at Avner Gat Inc. do not write Xactimate estimates. We rely on expert General Contractors to write the Xactimate estimates, and then we utilize the contractor and estimate to negotiate a fair claim settlement.

Restoration Companies

Restoration companies heavily rely on Xactimate to estimate the cost of restoring damaged properties. The software allows them to create precise and detailed estimates quickly, enabling them to provide accurate quotes to insurance companies and homeowners while maintaining profitability in their projects. Xactimate’s inclusion of local pricing research ensures that restoration companies account for regional variations in materials and labor costs.

General Contractors

General contractors involved in insurance claim settlements can benefit from using Xactimate to provide estimates that align with industry standards. While they might not use Xactimate as their primary estimating tool, knowing the software and its pricing methods allows them to communicate and negotiate effectively with insurance adjusters. That’s why the general contractors we work with must be proficient in Xactimate and write their own estimates for each claim. They can work alongside adjusters’ Xactimate estimates, providing additional subcontractor bids to support their estimates.

How Does Xactimate Help Homeowners During Insurance Claim Settlement Negotiations?

Insurance companies often favor estimates generated using Xactimate because they trust the software’s precision and reliability. With Xactimate, homeowners can present accurate and detailed estimates during claim settlement negotiations. This increases the likelihood of receiving a fair and comprehensive settlement that adequately covers the costs of repairs or replacements.

Homeowners who experience property damage rely on the expertise of public adjusters to help them navigate the insurance claim process. At Avner Gat Inc., we work with reliable contractors who are proficient with Xactimate because of its crucial role in this process, which is to provide a standardized method for estimating repair costs. When homeowners work with reliable adjusters who are experienced in the use of Xactimate, they can have confidence that their estimates are accurate and comprehensive.

The Benefits Of Xactimate In The Eyes Of Insurance Companies

Insurance companies value Xactimate for its precision and reliability. The software incorporates the most up-to-date and accurate local pricing research, ensuring that estimates reflect the current market conditions. By utilizing Xactimate, insurance companies can provide accurate and fair estimates to their policyholders, enhancing customer satisfaction and trust in their claims-handling process. The transparency and auditable process facilitated by Xactimate also help insurance companies maintain a consistent and efficient claims workflow.

How Avner Gat, Inc. Uses Xactimate?

At Avner Gat, Inc., Xactimate plays a crucial role in all of our insurance settlement negotiations. Our president, Avner, has built a network of trusted general contractors who are experienced in using Xactimate to create accurate estimates for property damage claims. Our public adjusters then use these estimates to negotiate with insurance companies on behalf of our clients. By utilizing Xactimate, Avner Gat, Inc. ensures that our clients receive fair and comprehensive claim settlements. The detailed and professional estimates generated using Xactimate help us present a strong case to insurance companies, ensuring that our clients are properly compensated for their property damage.

Not Satisfied with Your Insurance Claim Settlement Offer?

If you are unsatisfied with your insurance claim settlement, call Avner Gat, Inc., our public adjusters specialize in advocating for policyholders and ensuring they receive fair and adequate settlements for their claims. We understand that underpaid settlements can be frustrating and leave individuals feeling financially burdened. With our expertise and in-depth knowledge of the insurance industry, we can assist you in the claims process and negotiate with insurance companies on your behalf.

Confused by the Xactimate estimate from your insurance company?

Our adjusters are here to assist. We’ll review your estimate, clarify what you were paid for, and ensure transparency throughout the process. Reach out to us for expert guidance on deciphering your Xactimate estimate.