Five Xactimate Codes for Water Damage Success - PowerPoint PPT Presentation

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Five Xactimate Codes for Water Damage Success

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Title: Five Xactimate Codes for Water Damage Success


1
Five Ways to Rev Up Your Mitigation
Revenue.    Would you like to make 1,000 an
hour?  Did you know that youve already got the
tools to do so?  Youre probably already doing
these things.  But youre not getting paid for
it  if youre not properly documenting your
losses. A properly trained and equipped Water
Technician should be creating at least 1,000 per
hour of revenue for his or her company.
Do you know what your hourly revenue is
currently? For better or worse, we all have to
use Xactimate for water damage estimates (arent
they actually bills?).  If we have to use it,
then why not find every line item available to
help our bottom line? Its plain and
simplemaster your Xactimate and make more money. 
2
Here are five simple things that your crews are
likely already doing. These are things, that if
written down properly, can generate real profits
for you.  For our example, were going to imagine
a carpeted room with wet carpet measuring 10 x 10
(100 ft2 of Floor Area).
Carpet Mask  Xactimate Code WTR-MASKFL You
charge 0.41ft2 Time to Install 3minRevenue/Hr
820 Floor masking is adhesive-backed plastic. 
It comes in rolls and is applied using a handled
applicator.  I recommend using it on all entry
and traffic areas that the crew will walk through
during the course of their work.  Just make sure
it gets removed once the drying is done.
Cover and Protect Xactimate Code WTR-PROT You
charge 0.29ft2 Time to Install
1.5minRevenue/Hr 1,160 Painters plastic is
cheap to buy and fast to install.  You can get it
in standard 912 sheets so you dont even have to
waste time cutting.  And at 29 cents a foot, each
sheet is 31 bucks in your pocket!  Protecting is
one of the most profitable things you can do on a
mitigation job.  I recommend the Franks Red
Hot method put  it on everything!
3
Water Extraction  Xactimate Code WTR-EXT You
charge 0.53ft2 Time to Install 3minRevenue/Hr
1,060 Water extraction is one of our most
requested services, as well as one of the most
profitable, if you do it efficiently. 
Truck-mounted equipment is much faster than
portables.  The key to proper documentation is
getting the entire area extracted into your
notes.
Water Extraction Weighted  Xactimate Code
WTR-EXTW You charge 0.92 ft2 Time to Install
4minRevenue/HR 1,380 If you dont own a Water
Claw, go buy one right now.  A lot of people say
that they take too long and arent worth the
hassle.  A lot of people are allergic to money. 
If used properly, weighted extraction takes a
little longer than a regular wand.  And the price
per foot is nearly DOUBLE!  At almost a DOLLAR
per foot extracted, your ROI could be less than a
day.
4
Anti-Microbrial  Xactimate CodeWTR-GRM You
charge 0.22 ft2  Time to Install1.5minRevenue/H
R 880 Using germicide spray isnt as profitable
as extraction, but it issomething that a lot of
mitigation contractors forget.  Using Anti-Microbr
ial sends the signal to your client that you care
about them and their environment.  Its also a
nice CYA method that you cancharge for.  We all
know that Xactimate is a required part of what we
do.  As long as thats the case, why not use
every advantage we can? 
Germicidal Cleaner Concentrate
5
Andrew McCabe Xactimate and Insurance Claim
Expert Visit us www.Claimsdelegates.com Or
call 888.745.7568
Claims Delegation LLC All Rights Reserved 2015
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