Another update;
Travel insurance is going to take a very long time to come to a decision but I can cancel my claim at any time so I started the work to begin a charge back. I emailed David's requesting a refund and this is the response I got;
"Thanks so much for reaching out. We certainly understand your concerns.
The world is in an unprecedented situation that no one was prepared for. Although we have a no refund policy, we understand the stress that this situation might have placed on you. While some owners have been eager to help, not many are in the position to issue refunds. Those who have offered points back, may have restrictions on those points that make them less than attractive for future travel.
With the assistance of our legal partners and as a token of our goodwill, we feel that we have come up with a program that gives you time and choices in travel. We are going to replace the points you rented with a Travel Credit in the amount of funds you originally paid. This Travel Credit will enable you to apply it towards another rental at a Disney Vacation Club Resort, or apply it towards other travel venues that we offer such as
Disney Cruise Line, Adventures by Disney, Regular Disney Resort Bookings and
Royal Caribbean Cruise Lines, subject to the guidelines and conditions of the Travel Credit. As well as the Travel Credit is now valid for 36 months.
While the COVID19 virus was not on the Horizon when you secured your reservation we were clear on our website, Terms and Conditions that you agreed to, as well as our Rental Agreement that you accepted; we have a No Cancellation/No Refund policy.
We have also advised your party to Purchase
Trip Insurance.
We certainly the frustration with this situation. If you have travel insurance please let us know as we can provide you with documentation for you to make an insurance claim.
If you have any other questions or concerns please let us know. Thank you."
I'm extremely frustrated that they're acting like they're doing this out of the kindness of their hearts. The contract specifically says my funds were in exchange for what my cancelled reservation was. That doesn't exist, so he owes me money, plain and simple. I at least have that I asked for a refund and he declined. I thought about asking about a partial refund and just eating that $3 per point but I doubt he'd even do that. My owner was already in contact with me via email and told me David's already approached her back in May about re-renting her points. I can't wait until this is over, this is just so frustrating all around. Contrary to what they say, this is not what I agreed to.