DavidnRobin
TUG Member
- Joined
- Dec 20, 2005
- Messages
- 11,863
- Reaction score
- 2,262
- Location
- San Francisco Bay Area
- Resorts Owned
-
WKORV OFD (Maui)
WPORV (Kauai)
WSJ-VGV (St. John)
WKV (Scottsdale)
Is Marilyn the storm that took out the Christ of thr Carribean peace hill statue?
You would think that hurricane insurance would be mandatory. It's like not having flood insurance in a FEMA flood plane. Without it there could be a total uninsured loss, requiring the levying of hefty unaffordable SA or total rebuild of a resort, and I can't imagine owners footing that. It would be stupid not to have it considering the island location vs typical hurricane paths.
Looks like that deductible might get to kick in here. Here's to minimal damage and no special assessments on the horizon! Irma could potentially demolish the entire resort like Wilma did in Cancun and Odile in Cabo.
In looking into this - in regards to VGV - here is an excerpt from VGV HOA newsletter (Sept 2016).
Can anyone shed clarity?
Keeping all the staff and their families in my thoughts today. Many travel from STT daily to work - and I suspect the harbor is closed by now.
A view from earlier this morning, interesting to see: http://www.soggydollar.com/webcamYes, it was closed yesterday. I echo your thoughts for the people of the island. Hope everyone stays safe -- the buildings can be rebuilt.
There was, it said you would get your Staroptions returned and waive cancellation fees. The ports were closed to STT and STJ and advised all to leave. It was posted in the thread upwards and also Denise posted on a separate thread yesterday.Am I missing it or is there no mention of resort closure/Irma on the website?
This sounds to me more like VGV is saving for the potential outlay of the deductible rather than having procured an exclusive hurricane insurance policy. Like cubigbird, I am incredulous that the other phases would not have hurricane insurance. Granted, there could certainly be a special assessment, but would Vistana really risk a total loss on a property that is in active development and sales? Anything is possible, but it doesn't pass the smell test.
Guess we are going to find out - STJ is in path
Sent from my iPhone using Tapatalk