My Daytona Beach (FL) resort (Silver Beach) has been shut down since the hurricane, and their FB page indicates damage to the roof and most of the units, with significant delays associated with contractors who are very busy working on other larger resorts.
I'm wondering whether this could tip this small resort into financial distress, but I'm not sure where to start - maybe the county appraiser's office?
Any ideas are appreciated.
I have a relative with an oceanfront interval in Daytona Beach Shores, also closed since Hurricane Matthew and only now about to reopen after repairs.
I'm sure that it's an individual "resort by resort" situation. Unless the place is actually destroyed or condemned, repairs will surely be made when possible. Whether or not you will later be hit with a "special assessment" in addition to standard maintenance fees will depend largely upon your resort's insurance policy deductible terms and coverage and the strength of the resort's existing financial reserves. In any event, it will likely be months
after the completion of all required repairs and the settlement of insurance claims before you can or will learn much of any real substance, financially speaking.
I feel bad for folks whose owned weeks are within the closed / under repair time frames in such situations. There is really little or nothing meaningful that can or will ever be done for them in the way of compensation and they are still fully responsible for paying their maintenance fees, despite the place being closed during their owned weeks and inaccessible to them. I hope that you are not personally facing that particular unfortunate predicament.
P.S. A phone conversation with your resort's management company will likely reveal
much more useful information, resort status update and repair timetable projection than could or would be provided by uninformed, uninvolved and uninteresred local government employees. Good luck!
