Vero owners - how does a catastrophic hurricane affect dues? - nevermind. ;)

[DVC Jen]

*Nevermind - I found the answer. Apparently we were hit with an assessment in 2018 and I wasn't even aware of it. It cost us about $6.20. LOL I can handle that.

I know in comparison to what those who live and work in the state this is peanuts - but I am still curious and trying to prepare myself. We purchased Vero in 2014. Really wondering if a direct hit has a big impact on dues or what can we expect.

Hoping and praying this monster weakens or even better turns north east and stays away from land period.

 

[maloned]

Hoping and praying this monster weakens or even better turns north east and stays away from land period.

I hope so too. Look at that line. It's so close to the resort, as at Category 4. Praying for all those people.

We were scheduled to go this weekend for the long Labor Day Weekend. DVC cancelled with no penalty or points in holding. We're now booked for Columbus Day weekend.

https://www.google.com/maps/@27.7412784,-80.4144697,13.76z/data=!4m3!15m2!1m1!1s/g/11hz_3v1pw

 

[CarolynFH]

*Nevermind - I found the answer. Apparently we were hit with an assessment in 2018 and I wasn't even aware of it. It cost us about $6.20. LOL I can handle that.

I know in comparison to what those who live and work in the state this is peanuts - but I am still curious and trying to prepare myself. We purchased Vero in 2014. Really wondering if a direct hit has a big impact on dues or what can we expect.

Hoping and praying this monster weakens or even better turns north east and stays away from land period.

Hurricane Matthew caused severe damage to the DVC resort at Hilton Head (it was closed for 21 days). Insurance covered most of the damage, but the deductible was $750,000. Owners there were fortunate that DVD loaned the condo association enough money to cover the deductible, and the owners are currently paying it back over 4 years (instead of having to pay all $750,000 all at once). https://dvcnews.com/index.php/resor...ead-owners-hit-with-bill-for-hurricane-damage

So if VB is hit directly and sustains a lot of damage, you may have a larger assessment to pay than $6.20.

I too hope Dorian turns north and stays over ocean - not just for VB and WDW, but for the folks who live in the areas affected.

 

[Deb & Bill]

Dorian could wind up hitting both VB and HHI. Double whammy.

 

[chalee94]

We purchased Vero in 2014. Really wondering if a direct hit has a big impact on dues or what can we expect.

A direct hit would have a bigger impact on dues. Worst case would be that the resort is demolished and Disney chooses not to rebuild. You would receive a few dollars in insurance money and that would end that DVC contract.

If there is major damage and the resort is unusable for a time, you may be limited from using those points until the resort is up and running again.

Naturally, any insurance deductibles paid or higher insurance costs going forward will show up in annual dues.

I looked at VB back in the day due to the lower upfront costs but it was just too risky. Owning on the coast in general is something that is too risky for me.

 

[Goin'Again???Yes!!!]

I think that dues actually decreased 10-12 years ago after a hurricane, the reason was insurance paid for repairs and that in turn required less maintenance.