Effectively estimating replacement costs of home contents involves cataloging items, researching costs, validating repair or replacement values, accounting for depreciation, and managing policyholder communication. Without modern contents estimating software, these tasks create bottlenecks that delay settlements and increase operational costs.
Estimated replacement costs for home insurance claims are generated faster and with more accuracy when supported by XactContents’ extensive content repository, which provides direct access to major retailers for ordering replacement items.
XactContents features millions of vendor-specific items, tens of thousands of discontinued products, and thousands of general quote items.
Our database provides direct access to major retailers throughout the U.S. and Canada, enabling seamless contents collaboration between adjusters and merchants for swift replacement product ordering.
With like kind and quality items easily searchable within our contents estimating software, you’ll reduce outside vendor expenses while building inventories in-house, improving cycle times.
Identify multiple contents items simply by moving your camera around a room. Tap on the objects your camera identifies to add items to your estimate.
XactContents delivers powerful capabilities that accelerate contents collaboration and streamline workflows. From intelligent item suggestions to automated payment tracking, these tools help you settle claims faster with greater accuracy.
Using the loss location, type of loss, and room type, you can suggest contents items without the need for a manual search. XactContents gathers real-time results, returning even more relevant suggestions over time.
With the Quick Entry tool, you can enter items and search at the same time, quickly adding general quote items on the fly. The interface increases your speed by keeping the essential workflow aligned to the keyboard.
Each XactContents line item contains life-expectancy information. Calculate depreciation automatically by entering the item's age and use factor.
Search multiple sources at once, including the XactContents database, the contents general quote items, and internet sources such as Amazon.com, Google, Nextag, and many national retailers.
Inventory lists can be imported from an Excel spreadsheet. This means the insured can fill out key information such as item make, model, description, age, estimated cost to replace, and so on.
Search by product manufacturer and the item's model number, brand name, or description. XactContents helps you immediately find the item you need.
When XactContents finds an item that has been discontinued, it automatically shows you current items that are of like kind and quality.
Use the payment tracker to manage recoverable depreciation and track ACV and deferred payments.
XactContents is part of the Xactware® family of products. Explore solutions designed to simplify and automate your claims workflow through enhanced collaboration and integrated estimating tools.
The most powerful and comprehensive solution for property claims estimating.
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