Reso 2011-1759 - Laserfiche WebLink

Home Browse Search

FLORIDA MUNICIPAl INSURANCE TRUST RFP No, 11-08-01 SimpliCity - FMIT Members face unique challenges when maintaining accurate schedule of values, tracking assets, overseeing projects, coordinating vendor services and documenting the property claims process. SimpliCity was developed exclusively for FMIT Members to address these needs and to speed the claim and recovery process. VALUE TO YOU: $ TurnKey Recovery. In an effort to improve the mitigation process and significantly reduce the financial impact of a loss can have on a Member's ability to recover, FMIT TurnKey Recovery Program is offered to Members. Project costs are approved and paid to certified vendors directly by Synergy for the FMIT in order to reduce Member's out-of-pocket costs. FMIT TumKey Recovery helps to minimize the financial exposure the SOV Claims can have on Members net cash-flow by eliminating the recovery cost burden and the reimbursement process. VALUE TO YOU: $ Speclallnvestigafions Unit (SIU) - Insurance fraud costs each Florida family approximately $1,400 a year In additional premiums, and is the number two white collar crime in America. The Special Investigation Unit (SIU) was created in 1999 to investigate suspected fraud to help reduce the cost and amount of fraud for the Florida Municipal Insurance Trust (FMIT) Members. As of 2010, fraud investigations and prosecutions have resulted in over $5.5 million in cost savings and more that $1.8 million dollars in restitution ordered on FMIT claims. The SIU was recognized by the State of Florida Governor and Cabinet in 2009 for its work in the fight against insurance fraud. VALUE TO YOU: $ Per Scheduled Unit Deductible - The FMIT Deductible applies to each scheduled Building, each scheduled Contents, and each scheduled Property In The Open Instead of Per Location's Total Values. This greatly reduces your financial exposure in a named storm event. VALUE TO YOU: $ 21