Xactimate

A property claims estimating software for insurance adjusters and restoration professionals.

Product Overview

Xactimate, developed by Verisk, is a software tailored for estimating property claims, offering precise cost calculations for restoration and repair. This software automates construction estimates, including materials, labor, and equipment costs. It features a 3D view tool, which allows for an intricate 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.

About Xactimate

Xactimate is an estimating software suitable for both construction and insurance industries. It simplifies estimating processes with features like one-click operations and a dashboard for tracking projects.

The software is effective for creating precise and detailed estimates necessary for property damage insurance claims. Its platform integration, from a mobile app for on-site assessments to desktop software for intricate tasks, enhances the efficiency of the claims estimation process.

Xactimate Key Features

Xactimate offers a range of features for diverse estimating needs:

  • It enables efficient and accurate valuation for residential, commercial, and agricultural properties.
  • Estimate wizards for specific tasks, like HVAC, plumbing, and insulation, provide detailed and accurate estimates.
  • 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 enhance record-keeping.
  • Users can view and manage multiple projects in one place, with a summary screen for quick overview and changes.
  • It allows merging of multiple projects for streamlined planning.
  • Integration with third-party software minimizes data entry and automates accounting and business management tasks.
  • 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 robust reporting capabilities, offering reports in English, Spanish, or French. Data entered for estimates can be seamlessly used for report generation, eliminating the need for duplicate data entry.

Product Overview

Related Products

User Reviews of Xactimate

No reviews have been submitted. Do you use Xactimate? Have you considered it as part of your software evaluation process? , and help other organizations like yours make smarter, more informed software selection decisions!