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Council approves $25,000 deductible payment to Florida Municipal Insurance Trust
Summary
Oldsmar authorized payment of a $25,000 deductible to the Florida Municipal Insurance Trust following an investigation and claim involving city property damage.
The Oldsmar City Council on June 2 approved payment of a $25,000 deductible to the Florida Municipal Insurance Trust (FMIT) related to an insurance claim for property damage.
Staff presented an invoice for $25,000 from FMIT and said the deductible payment is due following FMIT's investigation and payment on the claim. Staff recommended approval. The council moved and approved payment by motion; no council discussion changed staff recommendations.
The payment will satisfy the city's deductible for the claim as invoiced by FMIT.
