You need your Xactimate estimate to be as accurate as possible to be able to gauge costs in insurance estimating work. Unfortunately, those who are novices with using Xactimate for estimates sometimes make mistakes that detract from estimate accuracy. The following are six mistakes that could compromise the accuracy of your Xactimate estimate.
Not knowing how to properly use F9 notes
When you're using Xactimate, F9 notes have a lot of functions that you should be aware of. F9 notes are used for functions like separating line items into categories, describing the use of a line item, and handling general formatting tasks. Knowing how to use F9 notes properly doesn't just make your life easier. It can also improve the accuracy of your resulting estimate by ensuring that you're manipulating the software properly.
Starting with an imprecise sketch
If you start with a sketch that's imprecise, you're most likely going to end up with an estimate that's imprecise. You want to create your sketch from the site itself. This ensures that your sketch will include details like odd corners.
Failing to take an adequate amount of photos
You can maximize the accuracy of your estimate by taking as many photos as possible. Among your photos, you should capture images of the front of loss and the corners of rooms that are being restored. You should also take photos of special equipment or any unusual features in the claim.
Neglecting to be adequately descriptive with photo labels
In addition to using photos in formulating your estimate, you also need to make sure that you're using appropriate descriptions with those photos. You may find that carriers prefer photos to be uploaded in order according to the room sequence. However, labels are still important even if you're uploading photos in order.
Not updating the adjuster in real time
Another thing that's important is being constantly in touch with the adjuster and with any party involved in the estimate. The more effort you put into communicating via email, phone, and any messaging programs you use among your software, the smoother the estimate process is going to go.
Being inconsistent with your documenting
Documenting your initial findings and continuing to document consistently is important. You should submit your findings immediately after you perform your inspections. If you're documenting for a repairs project, make sure you include details regarding site conditions as well as any necessary repair work that will need to be done. Learn more about commercial Xactimate estimates today.