Nobody can deny that the British people love to talk about the weather. However, while it might seem that we already engage in more than enough weather-related debate, one area where such discussion has been lacking is the timeshare industry. Specifically, timeshare owners need to consider the fact that the unpredictable nature of major weather events could result in unpredictable bills.
Hurricane Irma threw this situation into sharp relief for timeshare owners at the Fisherman’s Village Resort in Florida. All 47 units on the resort were left uninhabitable as a result of Hurricane Irma. When the resort’s insurance company refused to pay out, the management team decided to pass the costs on to the owners, increasing their maintenance fees from $650 to $1,940 per week.
“Sadly for many timeshare owners, maintenance fees tend to be set at the discretion of the resort. That means that fees can rise steeply at a moment’s notice, with owners often getting nothing more as a result of the increased payments.”
Maintenance fees that have risen to unsustainable levels are one of the key motivators that clients of Timeshare.lawyer cite when they begin the process of trying to exit their timeshare contracts. Changing family circumstances are also another cause, with divorce often meaning that a timeshare is no longer needed. Children growing up and leaving home is also a powerful reason behind many owners’ desire to get rid of their timeshares.
Now, Hurricane Irma has added the weather to the list of reasons that people may regret their timeshare purchase.
“Nobody can predict when they sign their timeshare contract what the weather will do 20 years down the line. That’s why it’s important to think through all the possibilities. If you’re buying a timeshare, maybe opting for an area that isn’t prone to hurricanes, flooding or tidal surges – even if they only occur very infrequently – might be the best idea!”
Those who have already signed timeshare contracts and are regretting doing so are not without options. Timeshare.lawyer works with clients to explain the routes that may be available to them in terms of exiting their agreements. ‘Floating weeks’ product holders and those with ‘in perpetuity’ contracts have a reasonably bright outlook, as the Spanish supreme court has judged such documents to be illegal. This means that there is the potential for the courts to nullify these types of contracts and award compensation to the owners, which has given hope to many of those who previously felt trapped by their timeshares.
Timeshare Compensation and Timeshare.lawyer are a trading names of European Consumer Claims Limited (ECC).