Jupiter Lakes Villas Community Insurance Certificate
If you require a certificate of COA insurance for your unit, you may email your request to the following:
Click here for Certificate Request
Or give your mortgage company the email address (above) to have them request it.
If you received a letter from your lender or another interested party, please forward that with your request.
JLV COA Insurance Company:
Acrisure
400 North Cypress Drive Suite 24
Tequesta, FL 33469
Phone: 561-745-8894
Fax: 561-745-8871
Note: It is advised that Owners get Content Insurance. Owners can add flood coverage to their content insurance if they want.
You can find Wind Mitigation information and details about the Third Nail Project here:
Third Nail Retrofit Project – Completed 2024 | Jupiter Lakes Villas
Some information about JLV COA Insurance over time
This list is dated newest to oldest. Here you can see how the Board has worked to lower our insurance premiums and save money over the years.
2/25/2025 – Insurance Paid for 2025; Today was the first time to my knowledge that we paid the entire insurance premiums in full in cash. That saved us a little over $17,000 in finance charges. The insurance as you probably know is our single largest item in our budget at 37%. We budgeted it as follows:
- Hurricane / Property – $177,000 (same as 2024; in 2023 it was $265,000)
- 5 Misc. Polices (umbrella, theft, etc.) – $50,000
- Estimated in budget a $220,000
- Total actual cost – $217,215.66 – Finance charges at 8% would have been – $17,377.26
2/19/2025 – Insurance papers were signed and submitted for the upcoming renewal for February 25th 2025 to February 25th 2026. For the first time in many years (possibly decades) the insurance premiums will be paid in full and not financed. That saves the COA about $18,000 in interest fees. Insurance is our single highest budget item every year. The 2025 Property (Hurricane) Insurance is at $177,000 (Coastal American Insurance Company – previous year was with Frontline Insurance) and all other policies (5 of them – wrap around, liability, etc.) total just under $50,000. That is exactly what we budgeted for at $220k total. They all renewed at about the same amount as last year. If your personal content insurance company asks for a copy of the COA Insurance Policy, please reach out to our Insurance Agency: Acrisure Insurance 561-354-4383.
2/28/24 – Retrofit Project complete. All attics have been upgraded to have the additional 3rd-nail into the hurricane straps. They installed a 4th-nail at no charge. So JLV community will get the largest discount available on all hurricane insurance this year and every year going forward. Owners can use the new Wind Mitigation reports to get discounts on their content insurance. COA paid $446 per unit out of Roofing Reserves for total of $63k. Saving us nearly $200k on storm insurance for 2024.
2/25/24 – Citizens Insurance does not accept our paperwork due to an issue with the previous carrier Coastal American and we sign with First Protective Insurance (highest rating) at a slight increase over the Citizen’s rate.
2/22/24 – Scheduled Board Meeting: New insurance agent voted by Board: Don Brady with RV Johnson gets us about $200k off our hurricane/property insurance. Saving us a lot of finance charges and allowing us to stay within our projected budget for 2024.
2/8/24 – Emergency Board Meeting called to vote on the Retrofit Project. Vote by the board was unanimously approved. Insurance Agent Don Brady made a presentation and explained details about Flood and Hurricane Property Insurance. He answered questions from Members and the Board.
2/2/24 – Retrofit Project begins. COA signs contract with Retrofit and Renovations to upgrade all roofs within the community in order to bring them up to code before the end of February. Cost is $448 per unit. Project lasts until all attics that do not have the 3d Nail installed have been accessed and upgraded. Other bids were $750 to $1000 per unit and the companies could not start the work until too late for it to have a positive effect on this year’s insurance rate.
1/9/24 – Hurricane Insurance renewal rate with American Costal Insurance increases from $265,000 to 352,000. Board begins looking for new insurance agent. First results look to be around $150,000 to 175,000. Citizens insurance denied us a policy due to internal reasons – we quickly got signed with Frontline Insurance. The total policy including finance was $195,000; All other insurance policies together are about $50,000. It was determined that the community does not have to have mandatory flood insurance – therein saving us $64,000 each year.
11/5/23 – Our insurance agent estimated the new renewal rate will be 35% increase from $265,000 to $352,000 for February 25 2024 renewal date. The Board enquired of a new insurance agent: Don Brady – He recommended to sign us with Citizens and gets the hurricane insurance lowered to $175,000. Board was able to adjust the budget to reduce quarterly fees due to this.
11/1/23 – Board investigates Flood Insurance. Existing insurance agent sends invoice with increase from $50k (2023) to $63k (2024). Previous boards have been paying flood insurance for years and we are NOT in a flood zone. Only “A Zone” requires mandatory flood insurance. We agreed to not renew and saved $63k. The flood coverage is nearly impossible to collect on and it only covers the interior drywall behind the paint. Owners are responsible for “behind the paint” inward and their contents, not the COA. Owners can add flood coverage to their content insurance if they want.