In addition, it is hard to compare an Xactimate estimate “apples to apples” with a more traditional contractor/builder estimate based on sub-bids. So if your contractor/builder is participating in settlement discussions with you and the insurance company’s adjuster, he or she may be at a disadvantage. Many contractors/builders are unfamiliar with Xactimate. Contractors and builders generally do not use Xactimate – they base their cost estimates on sub-contractor bids and their general knowledge about the costs and time involved in a potential job.Underestimating on material costs and lowballing resulting from the improper use of Xactimate has factored into many claim disputes and lawsuits, particularly in the aftermath of Gulf Coast hurricanes. If your property is custom-built, historic, or located in a high value area, Xactimate’s numbers will likely not be sufficient to reimburse you for the actual cost of repairing and replacing your specific home. Xactimate® is, however, generic software that is best suited to tract homes. Adjusters use Xactimate to generate loss estimates and claim settlement offers. Insurance company adjusters use it to calculate building damage, repair and rebuilding costs. Xactimate® is a computer software system for estimating construction costs that has become widely used by insurance companies in the past decade.
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