What is Xactimate Software? A Beginner’s Guide

If you are new to the realm of property claims or insurance adjusting, you may have heard about Xactimate Estimating Software. It is one of the most common estimating software programs in the insurance industry. The reason behind this is that it helps professionals generate precise costs for repair damage. A wide range of professionals can use this software. Not only to gain accurate estimates but also to enhance their credibility.

Xactimate Estimating Software – An Introduction for a Beginner

A software designed to help experts assess and create property damage estimates. It boosts up the process of estimating and makes it quick and precise. One feature that it offers is that it contains a database of prices of different elements. These elements reflect local market rates of materials, labour, etc. It is important to note that the prices are constantly updated. Thus, making sure that an expert has access to current information.

How Xactimate Works

In this section, how this software works will be briefed for you to have a better understanding, and the process is as follows:

1) A New Project

First, you have to create a new project and enter the details of the property you are dealing with. It is also essential that you select the correct price list based on the region you are working in.

This will help you in acquiring a digital blueprint, thus helping you to obtain accurate estimates.

2)  Adding line items 

After that, you have to add the rooms and building components or line items, which will be done by its in-built sketch tool. Once done with the sketch, you will assign the line items. Every line item will represent either a task or a class of material. Xactimate Estimating Software helps professionals to also upload photos and add notes where necessary. This is done for a client to have a better understanding of the work.

3) Actual scope of work

Once you have gathered all the necessary information and input it into the software, Xatimate will generate the following:

• It will provide an estimation synopsis of the overall work
• It will give a detailed breakdown of each room
• It will make sure that the estimates are precise by providing you with local pricing based on rates

Which Professionals use Xactimate Estimating Services

Here is a list of professionals who use Xactimate:

1) Insurance Adjusters

These professionals use Xactimate to assess the complete damage of the property. This software will also allow them to justify any claim payouts regarding any property. Lastly, it helps adjusters stay aligned with the limits of policies mentioned in the contract.

2) Restorations Specialist

Xactimate helps contractors estimate the costs of labour and materials accurately. Not only does Xactimate provide estimates precisely but it also amplifies the process of getting the estimates approved. On top of that, it provides billing assurance for the work that has been done.

Additional Information

• Xactimate provides support to homeowners in case of a dispute
• It also helps professionals to submit counter-estimates when the insurance offer is not up to their standards
• This software can also be used to get a second opinion

Now let’s explore some examples as to where this software can be used.

Uses of Xactimate Estimating Software 

• A sketch tool for the damage 

It helps in creating detailed diagrams of the damaged properties by creating detailed sketches of the damage.

• A Price Database 

With the help of its extensive pricing database, it helps to input the cost of materials and labour. It also provides location-based pricing

• A check on a project’s progress

As the project progresses, it helps experts to keep track of a project’s timelines with respect to the tasks

• Integrative Capabilities

Xactimate software can be integrated or synced with mobile or cloud. This will allow field professionals to access or collect the data from anywhere. They will also be able to access and edit the estimates remotely. Thus, this integration will speed up the process and enhance collaboration among various professionals.

Bottom line

For a beginner, it might not be possible to master Xactimate Estimating Software overnight. But with the right skills, training, and practice, an individual will be able to create estimates quickly and accurately. It is important to spend an ample amount of time polishing your learning about this software. Besides, this article can help you a great deal in understanding how this software works, who uses it, and in what areas it can be applied.