I know this is a horrrible question.......

[Laurabearz]

But I keep thinking about it.......

If by change WDW was bombed....... I know I know......

As DVC owners, would we still have the rights to use the CC and WP collections in the program, so as not to have a total loss of our investment......

Or are we SOL?

Just wondering.....

 

[A1A1]

Don't feel bad. I thought a similar thought about thirty minutes ago.

Answer---I don't have any idea.

 

[InstImpres]

I asked a question of my guide because of the no-rebuild clause in my HH contract (in case of flood, etc.)

The answer was, they find a "Fair market value" to "buyout" the balance of your contract.

(Originally I was told I was homeless ak.a. no 11 month window but than she double checked and told me no DVC points for me )

My understanding was if they choose to rebuild (highly likelyhood unless close to 2042) than you are homeless and can only use 7 month window until your resort is rebuilt.

 

[ncligs]

Originally posted by Laurabearz
If by change WDW was bombed....... I know I know......

As DVC owners, would we still have the rights to use the CC and WP collections in the program, so as not to have a total loss of our investment......Or are we SOL?

Probably SOL.........

 

[fkj2]

In the immediate future, I'd be more worried about this mysterious respiratory disease from Asia and all the influx of tourists to WDW from abroad.

 

[CaptainMidnight]

It's a fair question, but lets word it a little differently and still look for an answer. Suppose a Hurricane destroys a DVC resort, or the forrest fires that occurred a couple of summers ago cause one to burn down (everyone safe and out in time). If the DVC resort you own is destroyed by a catastrophic occurance, what happens?

 

[Jillpie]

Whats SOL?

 

[lacool]

Originally posted by Jillpie
Whats SOL?

"Poop" out of Luck
(Poop not being the actual word used in the saying)

 

[Cap]

The original question related to use of the exchange programs if your home resort didn't exist.

I'd say you are out of luck. The exchange programs rely on your points or right to use a chunk of your home resort being traded or sold to get the compensation for the exchange. If you have nothing to exchange, then I don't think Member Services would have anything to trade.

On the other hand, if something so disastourous put a WDW DVC resort out of commission, it would likely drive down attendance dramatically, so there might be openings at the other on-site resorts. Would you still want to go?

 

[Pig Pen]

I suppose that if the DVC resorts were destroyed, there wouldn't be much of WDW left to visit either?

I guess I will be checking out the member exchanges available in Maine.

 

[PamOKW]

In case of a natural disasater, my feeling is that DVC would do their best to make things right and would try to accomodate members at other DVC resorts. I think the "legalese" allows them to just let us receive our insurance payments if the resort could not be rebuilt. In any case, I think they would be fair to members. I don't think we'd be able to participate in the non-Disney properties because, as was already said, there would be nothing for DVC to "trade" to pay for the stays.


If the destruction were caused by a bomb wiping out WDW --- then hell, we've got a lot more problems to worry about than using our timeshare. I hope never to see anything as devastating as 9/11 occur on U.S. soil in my lifetime.

 

[dcfromva]

I asked my guide about catastrophic coverage and was told we would be covered by ins. (I'm not totally sure about acts of war or terrorism). No trades or using other property (as someone pointed out, you wouldn't have anything to trade).

At this point, what is the use of obsessing about it? The first question you have to ask yourself is what are you going to do about it--sell DVC?


I feel like the media has such a feeding frenzy with current events. How many weeks were we subjected to duct tape and plastic sheeting? What's next? The media has a way of taking abstract fears and giving them substance.

At this point I would hope that we don't contribute to it by spending a lot of time speculating on all the what-ifs...

-DC

 

[Dean]

The technical answer is that if the entire resort were destroyed and could not be built back for any reason, we would all be out of luck. No CC, other DVC resorts or anything else. Obviously this is unlikely and DVC would do everything within their power to make it work if need be. While the resort was sold by a Disney company, it is not backed by the full force of Disney, it is owned by the owners until 2042. Disney itself might ride in on a white horse to make all whole, they are not legally required to do so. We do have insurance though I doubt it would cover a complete rebuild if that were needed. A special assessment of several thousand dollars per member would likely be in order for that type of situation.

 

[nydizfan]

I quess we are out of REALLY good questions....

 

[CaptainMidnight]

I hope never to see anything as devastating as 9/11 occur on U.S. soil in my lifetime.

Well said. Or our children's and thier children's lifetimes. May the world find a path to longlasting peace and mutual respect.

 

[fkj2]

I quess we are out of REALLY good questions....

I actually think this topic merits consideration; wasn't Walt Disney Jewish? I believe M. Eisner is and since Disney is such an American pop icon that it would be a definite potential target just for those two reasons alone. Talk about a shake-up of American culture if such a popular tourist destination were attacked!

 

[PamOKW]

Walt Disney was not Jewish. Michael Eisner is Jewish (although I do not know whether he is practicing or not).

WDW and Disneyland are often cited along with other world landmarks as possible targets. It is not unreasonable to let the idea flicker through your mind. It is also possible that something could happen there just as it could happen in any mall in "Anytown USA". However, there is not that much reason to worry about the "what ifs". The reality is that "if" Disney were attacked to the point of destruction, that our world would indeed be changed probably forever. Using our "points" would be inconsequential compared to how we would be surviving at all.

It is worth knowing the options if natural disaster destroyed the resorts. It is also reasonable to think Disney would find a solution.

If an attack destroyed the resort, the The Walt Disney Company would probably be devastated and certainly in no position to provide relief to DVC owners.

Don't dwell on the "what ifs"....enjoy what you have today.

 

[disneyberry]

i have to admit, this exact question has also crossed my mind while i was trying to decide whether to buy DVC or not.
anyway, i decided not to worry about it too much...

i do have a related question though. a number of replies mentioned that owners may be covered by insurance in the case of some disaster (natural or not).

what kind of insurance is this?
is this individual insurance policies that each owner might have? or is this something that is paid for by member dues or part of the purchase price or anything like that?

 

[off2disney]

I'm not sure what type of insurance coverage DVC resorts have, but recently we were notified that in the event of a terroriest attack to our facility (a yacht club in Mississippi) that the US Government would cover either 80% or 90% (I can't remember exactly) and our insurance company would cover the rest

 

[Dean]

Originally posted by disneyberry
what kind of insurance is this?
is this individual insurance policies that each owner might have? or is this something that is paid for by member dues or part of the purchase price or anything like that?

Without looking at the policy, most resorts have insurance akid to homeowners with provisions to cover floor, huricaines, fire and the like. The one question I'd have is whether it would cover act of war events. Some homeowners and life insurances don't cover these areas from what I understand.