Introduction

Our program is a 60-minute conversation about the right tools for Estimating Large Losses, with a lawyer, insurance professional, and a building expert consultant.

Small claims require (1.) insurance professionals to figure out what's covered and not, and (2.) building professionals to evaluate damage, define the scope of repair, and estimate costs. The large losses we work on are never that simple.

Xactimate is sophisticated software that allows professionals who don't have an extensive background in construction to quickly price the restoration of modest sized first party claims. It has come to serve as a common language between claims professionals and the insurance restoration industry.

Large losses often turn into medium size construction projects that should have professional construction contracting discipline applied. This begins with (1.) defining (designing) the scope of repair, and (2.) professionally estimating that work. There is an integrated collection of processes and documents, taught in architecture and engineering schools all over the world, for doing this, but they are often not applied in insurance restoration. We think they should be applied to large losses, to save money and decrease drama.

Learning Objectives

• Define what a large loss is.

• Review the process of investigating and estimating.

• Learn about evaluating cost estimates from other parties.

• Understand why large losses require conventional estimating techniques.

• Discuss the power and dangers of Xactimate.

Program Outline

1. Introduction

2. Investigating Large Losses

3. Understanding Estimating

4. Evaluating Estimates by Others

5. How Xactimate Works and How It Doesn't

6. Conclusion

Our Panel

Continuing Education Credit

A disclaimer that this webinar requires you to answer all polling questions to receive continuing education credit. Credit will not be given to those who miss a polling question, or to those that are determined to be inattentive by On24's software. Some states require an affidavit for credit eligibility, which will be sent to the appropriate attendees via email after the webinar. This affidavit can also be completed during the live webinar using the widget provided on screen. The entire program must be attended live to receive credit, and continuing education certificates will be sent out within one week of the webinar.

This webinar is either approved or is pending approval for 1.0 credit hour of both CE (insurance) and MCLE (legal) continuing education credit in the following states:

• Texas

• California

• Nevada

• Florida