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Storms like Hurricane Harvey and Irma of this past summer of 2017 will…

Storms like Hurricane Harvey and Irma of this past summer of 2017 will certainly create some special assessments on timeshare property owners who own timeshare properties on the gulf or east coast. I am sure there will be some losers, not only for the resort itself but all timeshare properties on the east or gulf coast. Some timeshare owners will find this an excuse to try and drop their timeshare ownership.

In all the years that my wife and I have owned three deeded timeshare vacation properties, we have never experienced a loss of a vacation week due to natural disasters, nor have we experience maintenance fee increases because of natural disasters.

Timeshare Ownership: What Happens in Case of Natural Disasters?

For those of you who are a part of timeshare ownership, you may have previously heard about certain areas of timeshare resorts being damaged or even completely leveled by natural disasters. There are things that you will need to do and help with after a natural disaster occurs to your timeshare property.

What Happens if a Natural Disaster Causes Damage to my Timeshare?

It has been known that some people have had to pay $700-$ 800 in single special assessment fees due to hurricane damage. When getting into timeshare ownership, it should be discussed with the resort owners.

The resort counts on your help and money to do your part with any repairs that need to be done to the timeshare property and units. The resort will estimate the cost of the damage done and your maintenance fees will increase and be split equally among all timeshare members at the resort that was damaged.

When, and if your timeshare property is struck by any natural disaster, you will have maintenance and special fees to pay.

Areas that are More Prone to Natural Disasters

For those of you who are a part of timeshare ownership, you may have previously heard about certain areas of timeshare resorts being damaged or even completely leveled by natural disasters. There are things that you will need to do and help with after a natural disaster occurs to your timeshare property.

Storms like Hurricane Harvey and Irma of this past summer of 2017 will certainly create some special assessments on timeshare property owners who own timeshare properties on the gulf or east coast. Some timeshare owners will find this an excuse to try and drop their timeshare ownership.

Most properties were destroyed, as well as any timeshares that may have been located in the area. If buying a timeshare in any of the areas where natural disasters are prone to occur, be aware that damage is possible and can not always be avoided.

If buying a timeshare in any of the areas where natural disasters are prone to occur, be aware that damage is possible and can not always be avoided.

Of course, all timeshare properties in the Caribbean and island areas are always at more of a risk of being hit by a hurricanes. Hurricanes form and intensify over ocean regions, which make these islands more prone to being hit by these natural disasters.

Hurricanes are not the only natural disaster to be concerned about. On January 12, 2010, Haiti was struck by a terrible and devastating earthquake that caused severe damage to this island nation.

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