Estimate Items - Xactware help (2024)

FAQs

How do you unlock an Xactimate estimate? ›

Generally it will be on the low side. Xactimate®'s pricing is often too low and too generic. The pricing is based on a median survey that does not always reflect up-to-date market conditions. Your insurance company is likely to turn an Xactimate® estimate into the settlement offer they make to you.

It is claims estimating software by Xactware specially designed for insurance adjusters. Adjusters used to have to write claims by hand, and use pricing books and calculators to calculate estimates.

The XactAnalysis Network is a secure electronic extranet, allowing all industry players to send, receive, and manage estimate data in real time.

A detailed estimate is the most accurate method and consists of working out the quantities of each item of works and working the cost. The dimensions are taken directly from the drawings and quantities of each item are calculated.

Xactimate is the leading and most trusted insurance claims estimating software in the insurance repair industry.

If you're middle-aged or above (like me), mastering new, complex computer programs like Xactimate can feel completely overwhelming, like an impossible hurdle. The good news is that anyone can master Xactimate. I know because I've watched it happen. I've witnessed great success in some of my most unlikely students.

The Xactimate mobile Training course contains 4 hours of instruction necessary for a proficient Xactimate user to learn how to create an estimate in Xactimate mobile.

Insurance companies like Statefarm, Allstate, Erie, Chubb, Farmers all use Xactimate to see how contractors perform their work.

What is the hourly rate for Xactimate? ›

$24.04 is the 25th percentile. Wages below this are outliers.

If you're receiving assignments to be completed and uploaded using Xactimate, XactAnalysis SP is included at no additional charge.

Xactimate Standard includes one of the three platforms: 3 Months $725. 6 Months $1,225. 12 Months $1,825 (annual subscription includes one year of Xactware Classroom, $440 value)

XactAnalysis SP mobile is available for download from Google PlayTM and runs on Android devices that operate Gingerbread or newer. Users can activate it at no additional cost through their XactAnalysis account.

Xactware's role is to report a market price based on recent transactions that have occurred (submitted repair and remodeling estimates) and industry surveys. Primary data sources include labor, equipment, and material providers; contractors, subcontractors, and service providers; and Xactimate customers.

Xactimate allows you to sketch out the floor plan of the house that has been damaged and provides to you the cost to repair and replace that damaged portion. XactAnaylsis allows claims to flow through its network to help claims professionals catch errors, report on progress, and benchmark performance.

Xactimate Affiliate Trainer status is valid for two years, after which the certification status will expire and must be renewed.

What are the 4 types of estimating? ›

Because there are different questions and corresponding purposes to an estimation, the technique used to produce the estimate needs to be selected appropriately. One technique does not fit all types of estimations.

If you select Save project, your project saves to your device as an . esx file. If you select Export to Excel, your project exports to your device as an Excel file.

Xactimate defines depreciation "as a value deducted from RCV as a result of an item's age, usage, or general condition." when insurance company's adjuster takes the replacement cost and subtracts for the depreciation the result of this calculation is commonly referred to as ACV.

Get an assignments, sketch a structures, estimate a claims and settle onsite all from your smartphone or tablet. Xactimate mobile is available for Android or Apple.

The questions will be based on the estimate that you create in the Interior and Roof Estimate. Knowledge Exam: you will be required to answer 15 true/false and multiple choice questions that test your knowledge of Xactimate.

Desk adjusters have various claims responsibilities like reviewing field reports to resolve claims but unlike field adjusters, their work is done remotely through the phone and using specialty software programs like Xactimate.

To start, Xactimate uses categories and selector codes to section off the more than 27,000 line items in the program. WTR is the category code for Water Extraction and Remediation.

Labor Minimums is what XactPRM uses to calculate the minimum charge that a contractor/trade will allow, to cover for drive-time, setup time, etc. XactPRM will show what the labor minimum for a particular trade is and then adjust that minimum calculation according to the size of repair that needs to be performed.

What is Xactimate Level 3 certification? ›

The Xactimate Level 3 Certification Exam verifies that the user has mastered the skills required to create a complex estimate from start to finish using Xactimate desktop. This exam is based on Xactimate desktop functionality.

General overhead and profit percentages can be added in the Estimate Parameters window within an Xactimate estimate. Expenses that can be attributed to a project but not a specific task, including expenses necessary to complete the project (other than direct materials and labor) are considered job-related overhead.

Xactimate is a helpful tool that produces quick, error-free invoices that satisfy estimator's requirements.

If you make $60,900 per year, your hourly salary would be $31.65.

$58,200 yearly is how much per hour? If you make $58,200 per year, your hourly salary would be $27.98.

The Supporting events pane allows you to see calculations that modify the price such as waste or loss of productivity due to working in a restoration environment. Supporting events percentages are based on the unit described.

Symbility is generally considered more affordable than Xactimate, with a lower initial cost and no ongoing fees. On the other hand, Xactimate has a more complex pricing model, with a higher initial cost and ongoing fees based on usage. Essentially, with Symbility, you pay per created estimate.

THE SKINNY

The newest version of Xactimate, X1, is basically a cloud-based version of Xactimate 28. The two versions look and function in very much the same way, although you may find that certain buttons are in slightly different places.

what is a . esx file? As a Xactimate Insurance Claims Estimate file type, the . esx file extension is used to save files created by Xactimate software. Insurance claims, estimates, policy and other information regarding insurance are all saved using the .

How much does XactRemodel cost? ›

Q: How much does XactRemodel cost? Pricing for XactRemodel starts at $58.00/month/user.

D&R = detach & reset. This Xactimate entry is used as a labor only entry for salvageable items that need to be removed / salvaged / and reset as a part of the repair process. Example: A vanity is being replaced but the sinktop & faucet would need to be salvaged & reinstalled on the new vanity cabinet.

Open an estimate. On the Claim info tab, click Parameters. In the Pricing group, click the checkpoint price list drop down arrow and select a checkpoint price list.

F1 Xactimate Help Press F1 on the keyboard to open Xactimate Help. Ctrl+Shift+R Reset Window Layout Press Ctrl+Shift+R on the keyboard to reset the window layout. Ctrl+Shift+1 Search Press Ctrl+Shift+1 on the keyboard to view the Search pane. Ctrl+Shift+2 Items Press Ctrl+Shift+2 on the keyboard to view the Items pane.

Redo an action

To redo something you've undone, press Ctrl+Y or F4.

Type u to undo the last change. To undo the two last changes, you would type 2u . Press Ctrl-r to redo changes which were undone.

Content Manipulation. Xactimate allows the “contents subcontractor” to price out every aspect of manipulating, moving, cleaning and storing contents. The contents subcontractor hired for this portion is often retained by the general contractor who will complete the structural repairs.

Xactimate Terminology. RCV (Replacement Cost Value) Depreciation. Deductible. ACV (Actual Cash Value)

Can I change the price of an estimate? ›

The fixed price can't be changed once accepted by the customer unless a new quote is agreed to. If an estimate is binding and signed by both parties, it serves as a legally binding contract between them.

Click on the dropdown list adjacent to Labor Efficiency and select Repair/Maintenance or New Construction. If the current labor efficiency is set to Repair/Maintenance and you change it to New Construction, or vice versa, a note will appear on the top portion of the screen, asking if you would like to reprice.

To start, Xactimate uses categories and selector codes to section off the more than 27,000 line items in the program. WTR is the category code for Water Extraction and Remediation.