Do you think DVC should be a little more open to people moving dates without penalty because of corona?

[rkstocke5609]

As a DVC member, that would be great - as a shareholder, that would be a breach of Disney's fiduciary responsibilities to me, and I would reap the benefits of the large payout from the class action lawsuit. They aren't going to do that because they have a fiduciary responsibility to their shareholders. Their contract with us as DVC owners is quite clear - this is our financial responsibility and part of the risks we took when buying in.

I don’t doubt that you’re correct. But as I stated, there wouldn’t actually be that many folks that would benefit. It’s kind of a “pickle” to toss out to members but very few would actually be around to benefit. Sometimes good PR is also in the best interests of shareholders. The lawsuit would be entertaining as how could anyone know the “loss” until the various contracts expired and how many members were actually eligible? Anyways, I’m sure that legally you’re correct.

 

[crisi]

I don’t doubt that you’re correct. But as I stated, there wouldn’t actually be that many folks that would benefit. It’s kind of a “pickle” to toss out to members but very few would actually be around to benefit. Sometimes good PR is also in the best interests of shareholders. The lawsuit would be entertaining as how could anyone know the “loss” until the various contracts expired and how many members were actually eligible? Anyways, I’m sure that legally you’re correct.

Your only has another legal problem - if I sell my contract, the contract extension "only for original owners" is devaluing my investment and my sale - that's another class action lawsuit.

 

[Wakey]

I just wanted to add that Influenza killed 34,000 people last year. Let’s not overreact.

It’s nothing like flu. It’s roughly as contagious as flu but with a circa 25 times the death rate and no innoculations. Latest UK government ‘reasonable worst case’ is that it will kill 500,000 just in the UK, which would mean something like 2.5 million in the US. That does not mean that many will be killed but it is a governmental assessment of reasonable worst case. Hospitals would be absolutely overwhelmed.
Let’s hope it doesn’t happen.

 

[Maistre Gracey]

It’s nothing like flu. It’s roughly as contagious as flu but with a circa 25 times the death rate and no innoculations. Latest UK government ‘reasonable worst case’ is that it will kill 500,000 just in the UK, which would mean something like 2.5 million in the US. That does not mean that many will be killed but it is a governmental assessment of reasonable worst case. Hospitals would be absolutely overwhelmed.
Let’s hope it doesn’t happen.

Oh brother.... I always respected you as a rational person.

 

[Mumof4mice]

https://jamanetwork.com/journals/jama/fullarticle/2761044
Season flu has a typical death rate of 0.1%. The reason it "kills more people" is tens of millions are infected each year.
Coronavirus death and intensive care admission rates are much, much higher.

Slowing the rate of transmission makes a significant difference and isn't futile effort. If medical systems are overwhelmed by too many all getting sick at the same time, those requiring hospitalisation/intensive care will not receive the care they need, and the death rate would be higher.

At this stage containment is unlikely. The best case scenario is trickling a manageable number of critically ill patients through the system, minimizing casualties, and hoping for natural viral mutation/vaccines/weather influences.

 

[CarolMN]

It’s nothing like flu. It’s roughly as contagious as flu but with a circa 25 times the death rate and no innoculations. Latest UK government ‘reasonable worst case’ is that it will kill 500,000 just in the UK, which would mean something like 2.5 million in the US. That does not mean that many will be killed but it is a governmental assessment of reasonable worst case. Hospitals would be absolutely overwhelmed.
Let’s hope it doesn’t happen.

https://jamanetwork.com/journals/jama/fullarticle/2761044
Season flu has a typical death rate of 0.1%. The reason it "kills more people" is tens of millions are infected each year.
Coronavirus death and intensive care admission rates are much, much higher.

Slowing the rate of transmission makes a significant difference and isn't futile effort. If medical systems are overwhelmed by too many all getting sick at the same time, those requiring hospitalisation/intensive care will not receive the care they need, and the death rate would be higher.

At this stage containment is unlikely. The best case scenario is trickling a manageable number of critically ill patients through the system, minimizing casualties, and hoping for natural viral mutation/vaccines/weather influences.

While you both may be correct re the death ratei, it's very possible that COVID19 cases are significantly under reported /not recognized as such since the vast majority of illnesses are quite mild.

The bottom line is we really don't know yet.

I'm making an effort to wash my hands properly and much more frequently. As an individual, that's about all I can do. I see no need to buy masks or stock up on TP, water & canned tuna.

 

[Philsfan77]

I am supposed to travel within a couple of weeks and my young teenaged daughter is afraid to travel because she has asthma when she is sick. My points would go into holding and then 60 days out from my end of use year which is October and November. These already have low availability and some dates already gone at our home resort. They are also outside our school breaks. I understand why, but wish this was an option.

I just want to clarify something here, and maybe I am misreading your post, but the way you wrote this, makes me think you believe you can only travel within 60 days of the end of your use year if the points are in holding. Maybe I am completely wrong (I haven't had points go into holding yet), but my understanding has been that you can still use those points in holding at any time of the year, within that use year, you just can't book it until 60 days out, for example if I wanted to go August 1st, I'd have to book on June 1st.

While it's not ideal, Summer months typically have plenty of availability within the 60 day holding period, id venture a guess, you could definitely get a studio at SSR and maybe even OKW depending on when you wanted to go, and a 1-bedroom at most resorts.

You could also explore possibly going to Vero Beach or Hilton Head for a long weekend. once the COVID-19 risk decreases.

Ultimately, I think those scenarios above, are why they won't alter the current rules for this situation, as there are still plenty of options to possibly use your points, or talk to a rental agency about renting them out over the summer when you can book within your 60 day holding window.

The people with June UY are in a tough spot though.

 

[TexasChick123]

When points go into holding, you must use them within 60 days of the original reservation. For example, if you canceled a reservation for March 1st-3rd, then you’d have to use the points by April 30-May 2nd (or anytime before then) which would be 60 days from the original reservation. That’s my understanding.

 

[Wakey]

Oh brother.... I always respected you as a rational person.

I am just quoting UK government published figures yesterday. https://www.independent.co.uk/news/...-latest-deaths-uk-infection-flu-a9360271.html

US has 5X the population.

Death rate in Italy is circa 2.5%, flu is <.1%

As I say, it does not mean it will happen, just a 'reasonable worst case' which means it could. Unless the experts are wrong.

 

[quandrea]

When points go into holding, you must use them within 60 days of the original reservation. For example, if you canceled a reservation for March 1st-3rd, then you’d have to use the points by April 30-May 2nd (or anytime before then) which would be 60 days from the original reservation. That’s my understanding.

This is not accurate. The points are good until the end of the use year in which they reside. Reservations using holding points cannot be made before sixty days prior to check in.

 

[Philsfan77]

When points go into holding, you must use them within 60 days of the original reservation. For example, if you canceled a reservation for March 1st-3rd, then you’d have to use the points by April 30-May 2nd (or anytime before then) which would be 60 days from the original reservation. That’s my understanding.

I did some digging as I honestly wasn't totally sure myself...this is what came up in frequent asked questions from the DVC mainpage:

A Holding Account is a "parking space" for Vacation Points from a Disney Vacation Club Resort reservation that has been modified or canceled 30 days to 1 day before your scheduled Check-In date.
Sometimes a Member makes a change to a reservation 30 days to 1 day before the Check-In date using fewer Vacation Points than the original reservation. The Vacation Points’ difference goes into a Holding Account. Any change is considered a cancel and rebook.
Vacation Points in your Holding Account will be good until the end of your Use Year when they will expire. You can use them like you would your regular Vacation Points, except that reservations must be made within 60 days of your Check-In. Vacation Points in a Holding Account also cannot be banked or borrowed.
Here are some guidelines regarding usage of Holding Account Vacation Points.

• These Vacation Points can be used for a new Disney Vacation Club Resort reservation during your current Use Year as long as the reservation is booked 60 or less days before the new Check-In date.
• These Vacation Points can also be used for a new reservation during your current Use Year in 2 ways:
  • For the Disney Collection* (except Disneyland Resort in California and Tokyo Disney Resort hotels), or Concierge Collection*, you can make the reservation more than 4 months before the end of your Use Year for a Check-In date that is 60 or less days before the new Check-In date.
  • For Disney Collection reservations at Disneyland Resort in California and Tokyo Disney Resort hotels, or the World Collection, as long as the reservation is booked 60 or less days before the new Check-In date.
• These Vacation Points cannot be banked or borrowed.
• These Vacation Points must be used by the end of the Use Year or they expire.

If your plans change, the policies of Disney Vacation Club are accommodating: if you change or cancel a reservation at least 31 days before your Check-In date, you will incur no penalties. All your Vacation Points will be returned to your account. Banked or borrowed Vacation Points are not returned to their original Use Year. They will remain as banked or borrowed Vacation Points and stay in the Use Year of the canceled reservation.

 

[Sandisw]

When points go into holding, you must use them within 60 days of the original reservation. For example, if you canceled a reservation for March 1st-3rd, then you’d have to use the points by April 30-May 2nd (or anytime before then) which would be 60 days from the original reservation. That’s my understanding.

Not true. They can be used for any reservation within the rest of the UY that is 60 days or less from check in. So, if you cancel in March and have a Dec UY, you can use them any time before November 30th. You just can’t book with them until 60 days prior to checkin in. So, one could book a trip in September, as long as they book it in July

 

[TexasChick123]

This is not accurate. The points are good until the end of the use year in which they reside. Reservations using holding points cannot be made before sixty days prior to check in.

I honestly didn't know that. I clearly had an incorrect understanding of holding points. Thanks for clarifying.

 

[Wakey]

Tim has done an excellent summary of Coronavirus potential implications for DVC here:

https://dvcnews.com/index.php/dvc-p...navirus-and-the-possible-impact-on-dvc-owners

 

[CmdrThor]

Tim has done an excellent summary of Coronavirus potential implications for DVC here:

https://dvcnews.com/index.php/dvc-p...navirus-and-the-possible-impact-on-dvc-owners

That's a great article. Unfortunately too many DVC members still consider themselves as customers rather than owners. If there is a financial impact to the Condominium Association we are responsible for that impact. It would be nice to know if DVC has business interruption insurance, but I would wonder whether a pandemic would be a covered loss.

 

[rkstocke5609]

Just got this today:

https://dvcnews.com/index.php?optio...nd-the-possible-impact-on-dvc-owners&catid=28

 

[sethschroeder]

More people are dying from the regular flu than from coronavirus. Florida is not going to shut down.

Well mortality rate is 3.4% currently vs typical .1% for the flu.

You also understand this years flu strains started likely last March/April in Asia correct? The flu doesn't magically appear in the US in the fall. This virus in comparison started sometime in December and has had 25% of the time to spread.

On top of that the worst flu strains each year have vaccines created which you won't get for this virus for another 18 months likely.

Saying more people died from the flu is about as useful as saying Eli Manning has more Super Bowls than Malhomes. It's why they have models, mortality rates, and research.

It's time to get a grip folks on this Corona virus scare. It's nothing more than a different strain of the "Flu"...we've all had the flu and survived. Take normal precautions and get on with your life.

It's not the flu, it has a night and day mortality rate compared to the flu, and while you cant live in the bubble you don't do anyone favors by downplaying it to that degree. People need to take this more seriously than the flu and actually follow precautions to washings hands, not touching their face, and staying home when they are sick.

 

[sethschroeder]

That's a great article. Unfortunately too many DVC members still consider themselves as customers rather than owners. If there is a financial impact to the Condominium Association we are responsible for that impact. It would be nice to know if DVC has business interruption insurance, but I would wonder whether a pandemic would be a covered loss.

Just can't see DVC doing anything. It's sucks, it's poor luck, and we wish it never happened.

Issue is by letting people back out last minute it's will cause huge issues for everyone later.

If the have to fully close down? Then we can approach the topic if there is anything that can be done.

While thing sucks, hoping for health for everyone and thoughts go to the medical professionals everywhere including those working on some form of vaccine.

 

[DaisyNY]

So I want to be sure I understand this...My use year is August...I have an upcoming reservation for April 23-30...I used all my remaining points from 2019 use year and borrowed points from 2020.
If I cancel 1-30 days prior, all the points go in a holding account and I must use them within 60 days of April 30??? Is that right? or is it 60 days from August 30???
Thanks for the help!

 

[Sandisw]

So I want to be sure I understand this...My use year is August...I have an upcoming reservation for April 23-30...I used all my remaining points from 2019 use year and borrowed points from 2020.
If I cancel 1-30 days prior, all the points go in a holding account and I must use them within 60 days of April 30??? Is that right? or is it 60 days from August 30???
Thanks for the help!

If you cancel and end up with holding points, they expire at the end of your current UY, which is July 31st,...the last night to use them..

You can then use those points to book any trip 60 days or less from the check in. For example, you could call up say, May 1st and try to book anything from July 1st or earlier,