Just curious, Tom...(or anyone else). Has ITEL been beneficial on imported rugs/carpeting? Asking because I never used ITEL for those types of floor covering.
Did have one carrier that insisted on using ITEL on each & every loss. Same carrier also insisted on 12 hail hits per square.
I tried to save them time & money on several carpet losses when the carpets were less than 2 years old, and the insured's had the original material/installation invoices. But said carrier insisted I send the sample to ITEL. In each and every instance, the pricing came back $5-10 per sq yd higher than the local RC. So, at said carrier's direction I re-wrote the estimate using ITEL pricing less applicable depreciation. Insured's ACV was still higher than the actual current RC. Payment by the carrier was held up by an additional 7-10 days vs. using the local floor covering co's original invoice scanned & emailed along with my 1st estimate.
I understand smaller markets may make a difference in ITEL data as well as XM8 data, but it all comes down to the same point that was brought up here originally.