Discussion in 'Purchasing DVC' started by JerseyBob, Jul 5, 2003.
Can someon explain how the cancellation policy works? Thanks.
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For a regular DVC ressie, or for an exchange? How close to your arrival date? All these will make a difference.
From the member handbook:
If you're a member you also have to keep in mind how a cancellation effects your ability to bank the points and/or use them for a non-DVC trip. If you are late into your Use Year when you cancel your options may be limited.
Also, when you cancel a non-DVC trip, the policies can vary by resort/trip. These points are now "reservation" points and can no longer be used at DVC resorts but only for the non-DVC options.
If you are renting points from a member, you should come to an agreement ahead of time about how a cancellation will be handled. As described above, the member may not have much flexibility if you cancel late in his/her Use Year or less than 31 days out.
Thanks for all the replies. I think that now I'm starting to understand why the use year would be better near the time you normally vacation.
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