Penthouse Delray undergoes balcony work, a common sight as condos face deadlines for inspections and repairs. Tim Stepien/The Coastal Star
Owners pay soaring prices for repairs, insurance, reserves as new demands hit coast ‘like a tsunami’
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Ray McMillan is especially unhappy the condo’s reserve fund must be filled so quickly. Tim Stepien/The Coastal Star
‘Everything paid up’ — but more expense on way
Also in the special report: Condo costs: A sudden storm| Highland Beach — Coronado|Boca
Jason Chudnofsky, board president of the Coronado, stands amid exterior repair work underway at the 336-unit Highland Beach condo. Tim Stepien/The Coastal Star
Dropped by insurance carrier, condo finds new one covers fraction of value
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Mayfair condo board President Joanne Chester says: ‘We are really hoping the state will somehow intercede to help us with this.’ Tim Stepien/The Coastal Star
Nightmare numbers: Insurance up 300%, reserves at only 10%
Also in the special report: Condo
House, condo owners face spikes of 30% or more
By Charles Elmore
Palm Beach County’s southern coast might have been spared a direct hurricane strike in recent years, but residents are getting pounded by an insurance maelstrom only growing in intensit
