📊 Estimating & BusinessModerateAlso: insurance restoration, claim repair, adjuster estimate
Insurance Claim Repair
Definition
Insurance claim repair is construction work paid by a homeowner's insurance policy following a covered event. The process involves an adjuster assessment, typically using Xactimate software.
Common Questions
Real-World Example
A homeowner's water heater floods the basement. The insurance adjuster generates an Xactimate estimate and CRM Services reviews and executes the scope.
Why It Matters
Insurance claim repair is a specialized market segment.
Related Terms
📊
Scope of Work
🔨A scope of work is a written document defining exactly what work will be performed, what materials w...
Change Order
📊A change order is a formal written document that modifies the original scope, cost, or timeline of a...
Job Costing
Job costing tracks all expenses for a specific project — labor, materials, subs, and overhead — to d...