Claims & Insurance
Settlement
The final agreed payment on a claim, reached after the carrier and the policyholder settle the disputed scope and close the file.
On a real claim
A settlement is the final agreed payment on a claim, reached once the carrier and the policyholder settle the disputed scope and close the file. On a claim a settlement can land at the ACV stage, the RCV stage, or after a supplement or an appraisal. What goes wrong: a homeowner signs a settlement before the contractor's full scope is priced and the extra work is never paid. Check that every line the field requires is in the settlement before it is signed.
Common questions
What does "Settlement" mean in Xactimate estimating?
The final agreed payment on a claim, reached after the carrier and the policyholder settle the disputed scope and close the file.
Where does "Settlement" show up in a claim?
The term matters on estimates and scopes across the insurance restoration workflow. Browse the glossary for related terms.
Put this to work
ESXPress converts carrier scope PDFs into import-ready Xactimate ESX files — line items mapped to their real code, priced for import.
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