I have been a condominium owner in Jupiter for five years. Over that period our condo’s property insurance has doubled, as well as our reserve contributions. Fortunately, we have not had any assessments, and our condo has completed its Structural Integrity Reserve Study (SIRS) requirement.
During the same period, the market value and replacement cost of our condo have doubled.
A February 5 column published in The Palm Beach Post suggested that these increases for all Palm Beach County condos are due to climate change, and that county and state officials should act. Your opinion ignores both science and math, and does not suggest a solution to mitigate projected costs…