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Key West Resorts and Insurance

C

Cropman

TUG Member
Joined
Mar 5, 2016
Messages
157
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65
Location
Harrison, MI
Just out of curiosity does anyone know what the deductibles and amount of insurance is on the three KW resorts? Sitting here watching live webcams of Key West on YouTube and can't believe how many people are still there. I'm praying everyone stays safe and damage is minimal.
 
I'm looking for Key West webcams, but not found any working. Could you please post your link?
 
Thank you for posting those webcams. It's going to get worse, but it's already scary.
 
Sorry, pulled myself away to do some work. LurkerBee covered them well. If you go to YouTube and search for live webcam Key West, you can find some others. All were up and working. What's amazing is seeing the people walking, biking, on scooters, and driving around still.
 
LurkerBee said:
This might be my new favorite. It shows 3 from Key West + Miami all in one
Click to expand...
It certainly makes it easier! I've got three screens going at once here with Alexa playing ocean sounds in the background. I really need to reevaluate my life!! :wall::shrug:
 
Thanks for the posting. I kept trying to find the Marriott one that is near HBH, but no luck. These are helpful in giving an idea of what is going on.
 
Not positive but it looks like Key West has now lost power and all feeds are down except Two Friends restaurant. That feed shows an almost entire lack of any lights that were visible just a few minutes ago. Going to be a long night for those that stayed.
 
Cropman said:
Not positive but it looks like Key West has now lost power and all feeds are down except Two Friends restaurant. That feed shows an almost entire lack of any lights that were visible just a few minutes ago. Going to be a long night for those that stayed.
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And its down now :( They just had a guy on the phone who decided to ride it out in Key West and he reported the whole island is out of power. So I guess the feeds are all down now. I hope everyone there stays safe and dry tonight.
 
Cropman said:
Just out of curiosity does anyone know what the deductibles and amount of insurance is on the three KW resorts? Sitting here watching live webcams of Key West on YouTube and can't believe how many people are still there. I'm praying everyone stays safe and damage is minimal.
Click to expand...
My understanding is that the deductible is very high for Sunset. The purpose was to save premium costs. It could be $1 MM.
 
Cropman said:
Thanks for the info Kal. Sounds like a special assessment might be coming.
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How do the assessment work? Are they for each individual resort or will it be for all Florida resorts together? We own at Beach House.
 
I won't swear to it, but I'm pretty sure it's each resort. For example, let's say Sunset Harbor has $2,000,000 of damage. Beach House has none. SH can't expect Beach House to help pay for the rebuild. SH owners will have a special assessment to repair their place. If Kal is right and there is a $1 mill deductible, it could cost each owner of each week $5,000 to pay the deductible.
 
My math is if there are say 46 units not exaclty sure. 1m div by 52 weeks div by 46 units....under 450 each. Has anyone heard of how high the water surge was?
 
It is also possible that the HOA has some money in reserves to cover the deductible or part of it.
 
No reports on KW HRC properties, but the area between Cudjoe Key and Big Pine Key was landfall location. With the right side of the hurricane being the stronger/worse side, KW did not get the storm surge that Cudjoe Key, Big Pine and Marathon got. The early (and unconfirmed by official authorities) report is that KW had little to no storm surge. Will be good to hear official reports - and an update from Hyatt on KW and Bonita properties.
 
bdh said:
No reports on KW HRC properties, but the area between Cudjoe Key and Big Pine Key was landfall location. With the right side of the hurricane being the stronger/worse side, KW did not get the storm surge that Cudjoe Key, Big Pine and Marathon got. The early (and unconfirmed by official authorities) report is that KW had little to no storm surge. Will be good to hear official reports - and an update from Hyatt on KW and Bonita properties.
Click to expand...

I think KW was on the west side of the eye, which was good (if there is any good).
 
AJCts411 said:
My math is if there are say 46 units not exaclty sure. 1m div by 52 weeks div by 46 units....under 450 each. Has anyone heard of how high the water surge was?
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You are correct. I must have added an extra zero. Nice catch! $500 per week is a lot more tolerable than $5,000. And, last I heard surge was right around 2.5 feet as of this afternoon at 2:35. That was put out by National Weather Service Key West.
 
According to the Miami Herald, Key West appears to have survived the worst of Irma.
 
Link to NOAA satellite images of Key West.
  • HYB: landscaping looks somewhat damaged, pool is green, but don't see anything major.
  • HWP: still see green grass, looks like utility trucks in the back doing work.
  • HSH: don't see any major roof damage.

https://storms.ngs.noaa.gov/storms/irma/index.html
 
We got an email from Beach House that went out to all the owners saying that they were able to get all the guests and staff out
and that everyone was safe. They also said that they were not yet allowed in to assess damages, but would be sending another email out as soon as
they had information.
 
Quinte said:
Link to NOAA satellite images of Key West.
  • HYB: landscaping looks somewhat damaged, pool is green, but don't see anything major.
  • HWP: still see green grass, looks like utility trucks in the back doing work.
  • HSH: don't see any major roof damage.

https://storms.ngs.noaa.gov/storms/irma/index.html
Click to expand...
My only comment about this is that the resorts faced a dual threat--from the wind of the hurricane, and from the storm surge. Satellite images might give some hint of wind damage, but cannot show potential flood damage. That's why the damage assessment from the ground is so crucial.
 
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