What Is Xactimate And How To Use It?

Xactimate, a software program from Verisk, is one of the most effective, efficient, and innovative tools available for claims resolution processes. It enables users to quickly and very accurately provide restoration and repair cost estimates for insurance companies, contractors, and others. While it may seem like a complicated tool to use, once learned, professionals will find Xactimate to be exceptional. That’s why it is one of the most trusted options on the market today.

So What Is Xactimate?

Xactimate is an estimation tool that operates on Android, Windows, and iOS systems, including tablet-like devices and computers. Professionals can use it to create construction estimates. The software also enables pros to send and receive those estimates.

Most of the time, Xactimate is used for repairs and restoration projects, insurance claims, and for new development or construction. It provides a highly accurate way to generate loss estimates insurers can then use for claim settlements.

Key Features That Make Xactimate Stand Out

As a comprehensive tool for property claims estimating, Xactimate provides a number of features and resources to enable fast, accurate quoting of repairs. You can find some of the key features down below. Xactimate allows you to:

Use InsurTech tools to measure, scope, and document losses
Organize all projects, documentation, and images in a simple and effective manner
Create detailed, professional estimates within a shorter amount of time than doing them traditionally
Tap into up-to-date local pricing research to ensure the accuracy of the estimate even in a changing market or economic climate
Utilize the software to sketch complicated structures using geospatial aerial data for very precise detailing
Factor in all costs, including materials, time investment, waste products, as well as depreciation

The entire tool is highly effective because it provides everything necessary to gather information and create an accurate estimate for use. Users can gather lost information quickly using the tool. Then, they can sketch out the structure with very precise accuracy before inputting project details to get the most accurate costs.

Once complete, with images uploaded and the project outlined, a professional estimate is ready to go to the client, whether that is an insurance company or a customer directly. The information is very accurate and reliable, and it’s trusted by most insurance companies that rely on this tool for claims estimation.

What Makes Xactimate Better Than Alternatives?

There are a lot of features that help Xactimate stand out from the competition. Because of how flexible and functional it is, estimators can expect outstanding results from its consistent use.

Use it where you want to

Because it works on various types of platforms, such as a desktop in an office, a laptop, tablet, or other mobile devices with ease, the software goes with the estimator anywhere. This creates the flexibility needed for on-the-job estimating.

However, what makes it significantly different is that it uses AI-assisted technology called EstimatingTech to ensure users have a robust tool on their hands that provides highly detailed and accurate estimates. It does not require an internet connection to function either, which is ideal for more remote projects or highly damaged areas.

Adjusted to your needs

Another core benefit of Xactimate is that it’s very versatile to work as the user needs it to be. It is possible to annotate sketches and photos within seconds to provide more details. Voice estimation and voice notes enable a hurried estimator to be able to gather details to upload or use later that may be vital to the project.

The system also uses DISTO measuring devices. This helps to make sketches faster to create but still very accurate. That speeds up the entire process.

A solution for every user

There is no doubt Xactimate is the ideal tool for anyone within the industry that creates estimates for structural repair. It helps with scoping, estimating, and auditing to ensure accurate information. Yet, despite all of this, many people refrain from engaging for one key reason. They don’t know how to use it. That doesn’t have to be a limiting factor for you.

How to Learn Xactimate

As powerful and as resourceful as Xactimate is, it is necessary to engage in some level of training to get the full functionality out of the tool. That is not to say it is hard to learn or difficult to use – Xactimate certainly is not. However, with proper Xactimate training, you are able to do more with the software tool and make it a more effortless tool to use as a part of your adjuster business.

Those who plan to become independent adjusters will find Xactimate training an essential component to developing the core skills needed to do an exceptional job. Once you gain the knowledge needed from this training, you are well on your way to building a strong, six-figure adjusting business.

Our Xactimate GOLD Training Suite at Adjuster University provides you with everything you need to learn Xactimate from the ground up. It is essential for those just getting started or for anyone who wants to gain additional, more advanced skills using the tool.

Some of the core components of this training include:

Gaining proficiency in the many features of Xactimate, including room building and sketching, to speed up and improve the accuracy of your use of the software
Learning to upload, label, and organize all inspection photos – this step alone will improve your operation and ensure the best possible outcome for every project you work on
Becoming fluent in graphical estimating, which ensures accuracy and makes your job much easier to do
Building high-quality, professional estimate reports accepted and appreciated by insurance companies and others
Tapping into automation that creates a faster, easier process for estimating and ensures more accuracy in every project

Xactimate is the route to take for anyone looking to create high-quality, detailed, and accurate estimation reports. To use it fully, check out our Xactimate training. Designed to provide you with everything you need to use this software to its fullest extent, you can confidently appreciate the value that this training brings to you. Check out our free Xactimate training now.