A question my husband is torturing us with

[Holly in South Jersey Junior Member Find all posts View Profile Close Holly in South Jersey]

I'm reading up about timeshares in the resale market, doing the research for my daughters and maybe for me. My husband Ralph is an ER nurse and very liability conscious.

Ralph keeps asking us, if we have a week at a resort, and put it in RCI or II for trade, and someone gets "our" week at our resort and gets injured, are we liable.

DD Steph and I have tried to explain to him that since we don't own a tangible piece of real estate, that we couldn't be liable, but he's not buying it.

Can someone explain it better than I've tried to?

[joycapecod Silver Contributor Find all posts View Profile Close joycapecod]

I'm reading up about timeshares in the resale market, doing the research for my daughters and maybe for me. My husband Ralph is an ER nurse and very liability conscious.

Ralph keeps asking us, if we have a week at a resort, and put it in RCI or II for trade, and someone gets "our" week at our resort and gets injured, are we liable.

DD Steph and I have tried to explain to him that since we don't own a tangible piece of real estate, that we couldn't be liable, but he's not buying it.

Can someone explain it better than I've tried to?

Good question! I do understand his concern as we own several pieces of rental property.

The way it was explained to me was: You deposit with RCI or II and they take control of the unit. RCI or II then uses that unit for their own purposes. RCI or II assume the liability. Also, liken it to a condo. The master policy covers all liability and the master policy assumes the risk. Once you deposit the wee it is no longer your week to use in ANY way and the exchangr company assumes the liability.

If it makes Ralph feel better let him know that you buy an unbrella policy from your insurance agent to cover any and all liability. We have one asnd it is worth the small fee for the total piece of mind.

Good luck convincing DH.

Joy

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

Also, I have never heard of a resort without a very substantial liability policy, and that is the first place an injured person would look.

[JudyS Senior Member Find all posts View Profile Close JudyS]

I'm reading up about timeshares in the resale market, doing the research for my daughters and maybe for me. My husband Ralph is an ER nurse and very liability conscious.

Ralph keeps asking us, if we have a week at a resort, and put it in RCI or II for trade, and someone gets "our" week at our resort and gets injured, are we liable. ...

Many timeshares are actually pieces of real estate. However, I believe II or RCI, not the depositor, are liable for what happens to exchangers. This may not be the case with independent timeshare exchange companies.

[Hounddog01 Junior Member Find all posts View Profile Close Hounddog01]

I would believe the liaibility insurance would be part of the maintenance fees for the resort. The umbrella is a good idea anyway especially if you have teenage drivers.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

It would seem to me that the liable party would be the one who was negligent in the cause of the accident. That would almost certainly be the resort and more specifically the resort management.

[fnewman Member Find all posts View Profile Close fnewman]

I've never heard of that becomming an issue, but I suppose anyone can choose to sue you for anything, whether successul or not.