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Subject: Xactimate Price list
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Russ hayesUser is Offline

Member
Posts:6


03/26/2007 1:32 PM  

  Hello all,

We started using Xactimate last year in an effort to minimize haggling over repair cost's with insurance adjuster and companies. After getting started we started noticing that the price list Xactimate provided us was much different in cost's then price list's used by several insurance companies. We made a note of those price list codes and attempted to download them from Xacatimate, using the download custom price list option to no avail.

We were very wrong in thinking we'd get agreed pricing much easier once we started using Xactimate. Instead we found ourselves saying things like;

These are the prices provided to us by Xactimate, why don't you just pay based on those prices. We can't explain why the insurance company you work for has its own special price list.

-and-

The Xactimate price list we've been given is considered to be fair and comprehensive pricing for a reputable contractor to perform the repairs your paying for. It's irrelevant that you say 20 other contractors are willing to do the work for your pricing, just like its irrelevant when an adjuster says, it doesn't matter that every house in the neighborhood got a new roof, this roof will get replaced on the merit of its own damage.

Something is not right. Is it illogical to expect the price list for a contractor to be the same as the one the insurance company uses if the sources for both are from the same pricing company? Why does the insurance company deserve to have a price list that reflects significantly lower pricing and not make that available to contractors? Was this price list paid for? Did the insurance company(s) just dictate to Xactware the pricing for their price list?

Confused and disillusioned once again.

Any feedback or insight would be helpful.

Thanks

Tim NewtonUser is Offline

Member
Posts:14


03/26/2007 2:43 PM  
That is the same as if you tried to get insurance rates from the hospital on your bill when paying your co-insurance. The insurance companies control the game. And the customer is alway's right, they get discounting from Home Depot and tell the insured to take the estimate there for quoting. Tim Newton
Russ hayesUser is Offline

Member
Posts:6


03/26/2007 2:49 PM  
Posted By Tim Newton on 03/26/2007 2:43 PM
That is the same as if you tried to get insurance rates from the hospital on your bill when paying your co-insurance. The insurance companies control the game. And the customer is alway's right, they get discounting from Home Depot and tell the insured to take the estimate there for quoting. Tim Newton


????
Mark GriggsUser is Offline

Member
Posts:3


03/28/2007 10:41 AM  
Xactimate cannot give pricing on everything. Its a good starting point. The one thing I do like about it is that it allows the adjusters and gc's to have a common definition of line items. Pricing has always been a point of argument during settlement and I suspect it will be even after Xactimate is replaced with the newest shiny magic bullet iin claim settlement. It all comes down to a legitimate price. If you are a gc then make sure you have supportive documentation for why your price is what it is and defend it. If you are an adjuster then understand LOCAL market conditions impact the Xactimate price.
Russ hayesUser is Offline

Member
Posts:6


03/28/2007 10:50 AM  

Mark, I just happened to be reading another thread on the forums when I recieved notification that you responded. Hence the fast reply.

I realize that Xactimate can't provide pricing on everything, but my point of contention is that the price list provided to me as a default and the price list State Farm or other insurance companies use are completely differant.  Exact same line items, ie RFG300, but two differant prices.  And of course you can't download State Farms price list.

If Xactimate is supposed to be fair for contractors and insurance carriers alike why the price list differances. I guess it's not fair.

Tom RongstadUser is Offline

Member
Posts:76


03/28/2007 12:20 PM  

Deleted

Mark GriggsUser is Offline

Member
Posts:3


03/29/2007 9:59 AM  
Russ, I think maybe I did not explain my point very well. I agree that the carrier using their own Xactimate price list instead of the regional one published by Xactimate is not fair. However having a common line item description such as Xactimates is extremely helpful when negotiating the final price with the carrier. I had many estimates submitted with a nationwide carrier this last storm season and after using the various surrounding Xactimate price lists along with 3 seperate sub bids and statements from local supply vendors not having product in stock that carrier agreed to up the roofing price 29%. A big consideration in storm pricing is availability of material. During Katrina I had to pay shipping on roofing materials coming out of Texas and Georgia. It has been my experience with Xactimate pricing under storm situations in certain trades like roofing, insulation and drywall is the following. During a Cat. 1 storm...add 25%, Cat. 2 - 50%, Cat 3 - 75% and Cat. 4/5 add 100% due to total destruction of the area support services requiring shipping in of materials along with the security costs of keeping those materials safe from theft. The first thing adjusters do with my estimate is run it against another price list. My estimates are often 800-1500 pages long. My last estimate came back with 36 pages of line item pricing differences that I had to submit documentation on to support my pricing. It took 3 days to get that info back to them but every price was accepted after that. lol..not sure computers really do cut down on paperwork....just changes the format.
Allen SimonsUser is Offline

Northeastern PA
Member
Posts:4


03/29/2007 10:42 AM  
It's the age old saying "He who has the gold makes the rules"
Russ hayesUser is Offline

Member
Posts:6


03/29/2007 11:02 AM  

Griggs,

800-1500 page estimates? What kind of claims are you doing! Are you a contractor or adjuster?

 

Allen,  so true so true!

Mark GriggsUser is Offline

Member
Posts:3


03/29/2007 11:34 AM  

Russ,

    I am a GC that works storms restoring commercial properties. Typical projects are apartment, condo, hospitals and churches. Multiple estimates are normally required for Temporaries, General,  as well as the 100's of little estimates for the interiors of condo owners that hire our company for that work as well.

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