Learning Objectives

• Understanding and insight into fundamentals of estimating process as it relates to insured property losses
  • Why Estimating is Important
  • Types of Estimates
  • Agreed Price (AP)
  • Key Elements of an Estimate
• Estimating process overview
  • Initial Report of Loss
  • General Evaluation
    • Types of Damage
    • Extent of Damage
  • Detailed Evaluation
    • Components
    • Tools Used
• Basic Steps of Building the Estimate
  • Measurements and Quantities
  • Tasks and Trades
  • Materials
    • Grade/Quality
    • How to Choose
    • Specialty
  • Labor
    • Labor Only Charges
    • Minimum Charges
  • Equipment Charges
  • Other
    • Departure from Pre-Loss Condition
      • Code Upgrades
      • Other Policy
    • General
• Understanding a Unit Cost
• Overhead and Profit
• Estimating Systems and Databases
• Understanding Differences in Estimates
  • Sources
  • Scope
  • Material Grade/Quality
• Tips for Success
• Basic Scoping
  • The purpose of recording the dimensions of a structure
  • The tools you'll need to get the job done
  • How to properly sketch the measurements
  • Practical tips for the best results
• Measuring and Sketching a Room – The Basics
  • Purpose
  • Tools needed
  • Measuring
  • Sketching the measurements
  • Tips

Instructor: Lisa Lavender

You must earn an 80% or higher to receive your certificate!