hurricane

[dommy63 Junior Member Find all posts View Profile Close dommy63]

just a question about if your timeshare is damaged by a natural disaster and left unusable does that mean that you no longer have to pay the annual upkeep charges and would that let you out of the contract.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

just a question about if your timeshare is damaged by a natural disaster and left unusable does that mean that you no longer have to pay the annual upkeep charges and would that let you out of the contract.

Wishful thinking?

Quite the opposite . . . what is not covered by insurance will likely be billed as a special assessment, and if you lose usage during rebuilding, oh well.

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Some things on beachfront properties, and perhaps others, are not insurable, including swimming pools. If you lose one of those, you will be likely looking at a S/A. Otherwise, if the resort is properly insured and good at negotiating with the disaster contractors who flood into areas hit by hurricanes, then the insurance money will probably cover damages and you will end up with a refurbished report when it is over. If the resort is underinsured, then the members probably have a claim against the board's director's liability policy to cover the shortfall.

The other issue is exchange company deposits. When Isabel hit the OBX, both RCI and DAE allowed members to continue to deposit even while the resorts were closed for repairs and trade against those deposits. That was a great offer of support and help by the exchange companies. However, that was the last hurricane where RCI did that. RCI changed their policy and now even give back deposits previously made. I know DAE continued to do the same thing after Katrina for timesharers whose New Orleans resorts were closed for repair. I have not heard of DAE changing its policy or whether they still do it, but Katrina is the last hurricane where I have actual knowledge of their doing so.

[dommy63 Junior Member Find all posts View Profile Close dommy63]

i guess there is no way a ts owner can make out except enjoy your very expensive vacations lol

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

i guess there is no way a ts owner can make out except enjoy your very expensive vacations lol

Actually, if your resort is properly insured and does not lose one of those things that cannot be insured like pools, and if you own some time other than Fall or Winter, you might come out ahead from a hurricane. The resort gets refurbished out of insurance money, so there is no strain on the maintenance reserves. If you own Fall or Winter, you might be out of luck with the resort closed for refurbishment, or in some cases of very severe damage the repairs may take longer. But if DAE still allows deposits of such weeks, then at least you do not lose completely as you can still exchange.