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St. Pete Beach staff: insurers estimate $3.3M so far for storm repairs; total approved work ~ $5M
Summary
Public services staff briefed the commission on insurance valuations for damage from Hurricanes Helene and Milton and flood claims, outlining a gap between contractor estimates and insurer valuations the city is negotiating.
City staff told the St. Pete Beach City Commission Tuesday that insurance carriers have identified roughly $3.3 million in recoverable valuations for storm-related damage so far while the city’s contractor has prepared about $5.0 million of approved repair work.
Public Services Director Camden Mills said the city’s Public Risk Management (PRM) valuation lists about $3.1 million for Hurricane Helene and about $300,000 for Hurricane Milton after deductibles. Separately, flood-insurance payouts processed by World Risk Management total “just over $1.1 million” for content damage, he said.
Mills said…
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