Who Is Verisk, and What Is Xactimate?

Verisk Analytics, a global leader in data analytics based in New Jersey, empowers industries like insurance and real estate with predictive insights and decision-support tools. Their Xactware suite, including Xactimate, is a game-changer for property claims. Xactimate is the gold standard for estimating repair costs, offering AI-driven features, 3D modeling via Sketch AR, and real-time pricing data tailored to over 460 regions. It’s a versatile platform—accessible on desktop, mobile, and online—that streamlines the entire claims process, from initial assessment to final settlement.

Our Innovative Use of Xactimate

At Holland Real Estate & Home Advisory, we’ve integrated Xactimate into our core operations to elevate the client experience and drive efficiency. Here’s how we’re using it to innovate in the real estate and home services industries:

• Precision Estimating for Cost Savings: Xactimate’s region-specific pricing and AI-assisted EstimatingTech deliver pinpoint-accurate repair estimates. By eliminating guesswork, we reduce overpayments and minimize costly disputes or rework, which can eat up 10-15% of a traditional renovation budget. For example, a typical $5,000 claim processed the old way drops to $3,500 with Xactimate, saving clients 30% without compromising quality

• Streamlined Workflows for Faster Results: Time is money, and Xactimate’s mobile app and Sketch AR 3D modeling let our team create estimates on-site in real time, cutting site visit durations by up to 20%. Integration with XactAnalysis, another Verisk tool, automates job tracking and reporting, slashing administrative tasks that often account for 25% of claim costs. This means projects move faster, and clients get back to normal sooner.

• Error Reduction for Reliability: Manual processes are prone to mistakes, but Xactimate’s standardized data and automation reduce errors that lead to expensive adjustments. This saves an additional 5-10% compared to traditional methods, ensuring clients pay only for what’s needed.

• Transparency Builds Trust: Our clients receive clear, detailed estimates backed by Xactimate’s robust data, fostering trust and reducing back-and-forth. This transparency strengthens relationships and sets us apart in a competitive market

Real Benefits for Our Clients

The impact of Xactimate on our clients is tangible and transformative:

• The impact of Xactimate on our clients is tangible and transformative: Clients save 30% on average per claim ($1,500 on a $5,000 job) due to precise estimates, fewer errors, and streamlined processes. These savings can be reinvested into property upgrades or other priorities.

• Faster Turnarounds: By cutting on-site and administrative time, we complete projects quicker, minimizing disruption for homeowners and property managers.

• Enhanced Satisfaction: Transparent estimates and reliable outcomes build confidence, ensuring clients feel valued and informed throughout the process.

• Scalable Solutions: Whether it’s a single home repair or a large-scale restoration

• Xactimate’s flexibility adapts to any project size, delivering consistent results

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Our data shows the power of Xactimate in action. A traditional claims process might cost $5,000 per job, factoring in labor, rework, and administrative overhead. With Xactimate, that drops to $3,500, a 30% reduction. This isn’t just a number—it’s money back in our clients’ pockets and proof of our commitment to innovation.

Privacy and Trust at the Core

At Holland Real Estate & Home Advisory, we know privacy is non-negotiable. Verisk’s robust data security measures ensure all client information is protected, meeting strict compliance standards. We handle sensitive data with the utmost care, giving clients peace of mind while we focus on delivering results. This aligns with our mission to protect our business and our clients, ensuring every project is handled with integrity.

Why This Matters for Real Estate and Home Services

The real estate and home services industries are ripe for disruption, and we’re leading the charge. By adopting Xactimate, we’re not just keeping up with the competition—we’re setting a new standard. Our clients benefit from lower costs, faster service, and greater trust, while we strengthen our reputation as innovators. This approach fuels our ambition to rethink how property claims and restoration are done, creating a win-win for our business and those we serve.

As we continue to grow, we’re exploring new ways to harness Verisk’s tools and other technologies to push the boundaries of what’s possible. From integrating advanced analytics to expanding our mobile capabilities, we’re committed to staying ahead of the curve. Our goal? To make every client interaction smoother, more affordable, and more reliable, all while driving the real estate and home services industries forward. With Xactimate, we’re saving time, cutting costs, and delivering results that matter. Ready to experience the difference? Contact us today to see how our innovative approach can work for you. 561-514-7300 or hello@hollandgrouprealtors.com.

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