Will VB and HH always be in the point exchange?

[Epcotkids]

I am selling my BCV points and thinking about buying points at VB. My concern is that one day Disney will decide to exclude VB and HH from the point exchange since they are not on "property". I put a call into my Disney Rep. but he hasn't called me back, and I am afraid to wait too long to make my offer. What do you guys think? Has anyone heard or read anything of promise?

 

[Dean]

Possible but unlikely they'd be excluded UNLESS they were severely damaged and not rebuilt.

 

[cruise-o-matic]

Possible but unlikely they'd be excluded UNLESS they were severely damaged and not rebuilt.

What happens to our points then? I'm assuming we'll be paid a pro-rata basis from the insurance proceeds.

 

[Lesley]

I believe that they can do this....make it so that the only place you can book is your home resort. But I don't think that they ever will. That's just a guess though...and its the reason everyone says to buy where you want to stay.

Your contract technically only guarantees you the ability to book your home resort.

 

[Dean]

What happens to our points then? I'm assuming we'll be paid a pro-rata basis from the insurance proceeds.

As I noted, this is very unlikely but HH and VB are examples where it is more likely (though it applies to all resorts). Say VB is hit hard by a hurricane that essentially destroys the resort and there are only maybe 5 or 6 years left on the RTU. That puts DVD in a bind if things are still where they are now. DVD would be required to pay all additional charges to replace the buildings over and above the fees assuming they were still taking this option as allowed under FL law including code related upgrades. DVC could not charge a special assessment as I understand it and read the Fl statute 721. DVD could simply walk away and the members could potentially have nothing. More likely would be that the members would split the insurance proceeds and I'd expect Disney to kick in a bonus due to the loss of the ownership. DVD could also give points at another resort in place of, I think that's actually a very likely possibility in this hypothetical scenario.

Still, the possibility exists that the members could be without a membership and get nothing. And since the land is not owned by the members, there's really not a lot of recourse other than a class action lawsuit. I do believe the possibility is remote enough as to make it a non issue in making a decision other than buying at VB. My guess is that DVD will abandon their guarantee at VB and likely HH, if not all sold out resorts. They'd have to pay maint fees on the points they own but at sold out resorts, that's not a biggie compared to the risk of damage or other similar issues that could require a major rebuild. Heck, if DVD had had to pay for the exterior rebuild at BWV, they'd already be in a world of hurt.

I'm sure the possible variations are endless but anyone that thinks it couldn't happen is simply unrealistic or ill informed.

 

[DrBond007]

...and its the reason everyone says to buy where you want to stay.

Well. I guess everyone would include me and that is not the reason I say buy where you want to stay. I say it so you will have the 4 month reservation advantage at your home resort and can get those hard to get reservations, like beach cottages at Vero or Easter at Vero or GVs at BWV.