CPR Insurance Scope & Xactimate 2

Question 1

In Xactimate, what unit of measure is most commonly used for interior wall painting?

Accepted Answer

SF (square foot)

Answer

Interior painting is priced per square foot of wall surface area in Xactimate price lists.

Question 2

What does 'O&P' stand for on an Xactimate estimate?

Accepted Answer

Overhead and Profit

Answer

O&P (Overhead and Profit) compensates general contractors for managing the project and is applied on top of direct costs.

Question 3

Which Xactimate module is used to create room diagrams and automatically calculate square footage?

Accepted Answer

Sketch

Answer

The Sketch module allows users to draw floor plans and automatically calculates areas, perimeters, and volumes for each room.

Question 4

In Xactimate, a 'macro' is best described as:

Accepted Answer

A saved group of line items applied repeatedly to save time

Answer

Macros are pre-saved bundles of line items in Xactimate that can be inserted into estimates for repetitive task combinations.

Question 5

What is the typical combined Overhead and Profit percentage applied in residential insurance estimates?

Accepted Answer

21% total (10% + 10% compounded)

Answer

The industry standard is 10% overhead applied first, then 10% profit on that result, which compounds to approximately 21% total.

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