2 totally random questions

[jerseyduke]

1. Should a DVC member have any kind of insurance in case of fire or some other form of damage to their home property? What happens if it burns to the ground?

2. IF DVC converts wilderness lodge hotel rooms to DVC, wouldn't that make VWL a lot easier to book at the 7 month mark at least in the beginning while sales are going on? (basically if the convert 2mil points from rooms, declare 50% at first go...thats a lot of points available, since it is a resale of an existing property.)

 

[DebbieB]

1. Should a DVC member have any kind of insurance in case of fire or some other form of damage to their home property? What happens if it burns to the ground?

2. IF DVC converts wilderness lodge hotel rooms to DVC, wouldn't that make VWL a lot easier to book at the 7 month mark at least in the beginning while sales are going on? (basically if the convert 2mil points from rooms, declare 50% at first go...thats a lot of points available, since it is a resale of an existing property.)

1. Insurance is included in your dues.

2. Probably. It depends on how fast they declare those rooms to DVC. After they are built, many could stay in the cash inventory until they are declared to DVC. It might also depend on what they build. If they put in a club level, it may be popular. The older rooms maybe easier to get, assuming they create separate categories.

 

[chalee94]

1. Should a DVC member have any kind of insurance in case of fire or some other form of damage to their home property? What happens if it burns to the ground?

the resort has the insurance.

if a resort burns to the ground, DVC will likely rebuild and membership will continue. if DVC does not rebuild the resort, any proceeds will be distributed among owners and that will end your DVC membership unless you buy back in.

2. IF DVC converts wilderness lodge hotel rooms to DVC, wouldn't that make VWL a lot easier to book at the 7 month mark at least in the beginning while sales are going on? (basically if the convert 2mil points from rooms, declare 50% at first go...thats a lot of points available, since it is a resale of an existing property.)

it's hard to say. in the beginning of that process, disney will own all of the new VWL pts. i expect that they will decide what to make available in the DVC pool and what to rent for cash. (but it does seem easier to book resorts when they are still in the selling phase.)

 

[disneynutz]

the resort has the insurance.

if a resort burns to the ground, DVC will likely rebuild and membership will continue. if DVC does not rebuild the resort, any proceeds will be distributed among owners and that will end your DVC membership unless you buy back in.



it's hard to say. in the beginning of that process, disney will own all of the new VWL pts. i expect that they will decide what to make available in the DVC pool and what to rent for cash. (but it does seem easier to book resorts when they are still in the selling phase.)

Disney owns all of the points but my guess is that they don't pay dues on them until they are declared or maybe sold. That's why they only declare what they need for sales.

Bill

 

[Dean]

it's hard to say. in the beginning of that process, disney will own all of the new VWL pts. i expect that they will decide what to make available in the DVC pool and what to rent for cash. (but it does seem easier to book resorts when they are still in the selling phase.)

Only the declared section is available to DVC members using points. Traditionally new resorts are more difficult to book because the newness overpowers the slight excess related to declared but unsold. However for an existing resort like VWL, this would not likely be the case unless added something special like concierge.