Xactimate
A property claims estimating software for insurance adjusters and restoration professionals.
Product Overview
Xactimate, developed by Verisk, is software tailored for estimating property claims. It offers cost calculations for restoration and repair and automates construction estimates, including materials, labor, and equipment costs.
It features a 3D view tool that allows detailed visualization of structures. To enhance efficiency in claims estimation, Verisk has also introduced a mobile app for field assessments and a desktop application for more intricate tasks.
Pros
- Web-based version for real-time jobsite work
- Integrates with LiDAR technology for quicker drafting
- Detailed itemization for scoping down to trade level
Cons
- Steep learning curve
- Compatibility limited to Windows OS
- Does not account for profit margins in estimates
Target Market
Insurance adjusters, contractors, and restoration professionals needing detailed cost estimates for property damage claims.Xactimate is an estimating software suitable for both the construction and insurance industries. It simplifies estimating processes with features like one-click operations and a dashboard for tracking projects.
The software creates estimates necessary for property damage insurance claims. Its platform integration, from a mobile app for on-site assessments to desktop software for more involved tasks, enhances the efficiency of the claims estimation process.
Xactimate Key Features
Xactimate offers a range of features:
- It enables efficient and accurate valuation for residential, commercial, and agricultural properties.
- Estimate wizards generate quotes for specific tasks in HVAC, plumbing, and insulation.
- Insurance agents can compare different compensation packages, manage claims with integrated reporting, and add multiple coverages with specific limits.
- Manual entry features for loss details assist with record-keeping.
- Users can view and manage multiple projects in one place, with a summary screen for quick overview and changes.
- It allows the merging of multiple projects for streamlined planning.
- Integration with third-party software like JobNimbus and Hover minimizes data entry and automates business management.
- For construction, the ability to attach images to estimates aids in project execution.
- A dashboard organizes and displays recent and upcoming projects.
Reports
Xactimate also includes reporting capabilities in English, Spanish, or French. Data entered for estimates can be used for report generation, eliminating the need for duplicate data entry.
Pricing Details
Xacctimate offers subscription-based pricing:
Standard Subscription:
- 3-Month: $760
- 6-Month: $1,280
- Annual: $1,910
- Includes access to one platform: Desktop, Mobile, OR Online
Professional Subscription:
- 1-Month: $300
- 3-Month: $880
- 6-Month: $1,725
- Annual: $2,690
- Includes access to all three platforms: Desktop, Mobile, AND Online
Annual subscriptions and renewals are the most cost-effective options. They include one year of access to the Xactware Classroom.
Product Overview
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