Question about insurance

[Evltwin]

I know the current fires pose no threat to WDW but what happens if a fire, hurricaine or flood destroys some or all of DVC property? Does our investment then become worthless. I'm sure Disney has insurance to rebuild but what about us as owners. Can we buy some sort of policy tha would reimburse us for the loss of the resort should some major damage make the DVC homes unusable?
I'm just worrying about the big investment we made when we bought in.

[Disnydad]

I believe insurance is included in our annual dues.

Don, DVC/VWL 2000

[drusba]

Both property and liability insurance are included in your dues. The property insurance is "replacement" cost insurance meaning the cost of replacing the building and other property is covered rather than just the value. Under the disclosure documents, th e association (essentially DVD) is to rebuild using the insurance if it is reasonably possible to rebuild. Note that rebuilding is reasonably possible even if the building burns down. Generally it is not possible when the land has become unusable for buil ding (like buildings on a coast line that has eroded into the sea). Nevertheless you are not protected from the temporary loss of use that results during rebuilding.