Rising Insurance Premiums and Climate Change: The Impact on Condominiums

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Climate Change News

Insurance Premiums,Condominiums,Climate Change

Fossil fuels continue to dominate our lives even though they are causing harm to our communities. Isn't it time to stop using them?

I live in Florida, where the insurance premiums for the collection of condominiums I call home have doubled and then tripled within a few short years, thanks to more frequent and more powerful storms attributed to burning fossil fuels. I have been telling people for years that, in the final analysis, insurance companies will determine where we can and cannot live.

Montpelier, Vermont, experienced nine inches of rain in one 48-hour period last year, which flooded the downtown area and caused massive damage to buildings, roads, and bridges. “I think most people in this area were very concerned about climate change, but we also pretty much thought we were a little safer here because we had not really suffered the drastic events that some other parts of the country have,” Rob Kasow, co-owner of Bear Pond Books, told the.

 

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