INSURANCEPENDING

FMIT Alternative #1 Lowers Village Insurance Premium

FMIT’s Alternative #1 proposal offers the Village of Tequesta a 2026-2027 insurance package at $943,950, slightly below current costs. The option trades reduced insured property values and a new $10,000 workers’ compensation deductible for premium savings.

Status
PENDING
Document date
July 31, 2026
Contract type
INSURANCE
Vendor
FMIT
Agency
Tequesta village · FL

Trusted by teams at

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$943,950
Contract type
INSURANCE
Contract term
2026-2027
Renewal date
2027-09-30
Renewal
Alternative #1 restructures the FMIT policy for 2026-2027 by trimming the insured property schedule and adding a $10,000 workers’ compensation deductible while keeping a 5% named storm deductible. This achieves an 8.2% savings versus the standard renewal quote but falls short of Council’s 10% savings goal.
Document type
AgendaPacket
Source document
Village of Tequesta Workshop Meeting Agenda Packet 2026-08-03

Related contracts

Other contracts from FMIT.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by Tequesta village?

FMIT was awarded this insurance contract by Tequesta village, as recorded on July 31, 2026. The contract value is $943,950.

How much is the FMIT contract with Tequesta village worth?

The FMIT contract with Tequesta village is valued at $943,950, covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Village of Tequesta Workshop Meeting Agenda Packet 2026-08-03 (AgendaPacket), dated July 31, 2026 from Tequesta village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does FMIT hold?

FMIT may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View FMIT's profile

What is Tequesta village currently buying?

Explore Tequesta village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Tequesta village's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free