IN Public Adjuster cheat sheet
IN Public Adjuster · Keep the key ideas within reach.
Estimating, Valuation, and Damage Assessment
Replacement cost estimating uses quantity takeoff (dimensions x unit costs) plus overhead and profit, typically with software like Xactimate price lists.
Depreciation = (replacement cost - salvage) / useful life x age; applied depreciation yields actual cash value.
Unit costs vary by region and trade; labor, material, and equipment costs must be verified against current local pricing.
Overhead and profit (O&P) is generally added when three or more trades are involved or a general contractor is needed to coordinate.
Matching requirements: replacing undamaged materials may be required to achieve a uniform appearance; check policy and jurisdiction.
Betterment and code upgrades require endorsement coverage (ordinance or law) or are excluded.
Documentation must support each line item with measurements, photos, and invoices; unsupported line items are vulnerable to dispute.