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Dec 15th, 2024
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Posts: 5,201
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Joined: Mar 2009
Posts: 20,107 Likes: 40
Traveler
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OP
Traveler
Joined: Mar 2009
Posts: 20,107 Likes: 40 |
Just got a call from diamond. No MF this year and no special assessment. They are refunding the MF I prepaid to my cc. They don't know if there will be any for 2019 as they might be able to open January 2019 if construction that they already started goes as planned. If they can open for 2019 I'll gladly pay.
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Joined: Dec 2004
Posts: 5,171 Likes: 4
Traveler
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Traveler
Joined: Dec 2004
Posts: 5,171 Likes: 4 |
That's kinda weird..where are they getting the cash to maintain and repair? ZERO income for a year plus? I have to sign up for THAT insurance plan
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Joined: Aug 2000
Posts: 84,699 Likes: 42
Traveler
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Traveler
Joined: Aug 2000
Posts: 84,699 Likes: 42 |
Business interruption insurance, is what it's called. I suspect Diamond isn't the only one that might have it.
Carol Hill
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Joined: Mar 2009
Posts: 20,107 Likes: 40
Traveler
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OP
Traveler
Joined: Mar 2009
Posts: 20,107 Likes: 40 |
Our reserve covered the deductible. Insurance the rest. Was surprised but happy.
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Joined: Jan 2005
Posts: 1,250
Traveler
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Traveler
Joined: Jan 2005
Posts: 1,250 |
Just got a call from diamond. No MF this year and no special assessment. They are refunding the MF I prepaid to my cc. They don't know if there will be any for 2019 as they might be able to open January 2019 if construction that they already started goes as planned. If they can open for 2019 I'll gladly pay. I keep hearing 2020 (just got off the phone with them) sure hope you are right on 2019.
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Joined: Mar 2009
Posts: 20,107 Likes: 40
Traveler
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OP
Traveler
Joined: Mar 2009
Posts: 20,107 Likes: 40 |
2020 is what they are saying to be on the safe side. They are hoping for earlier than that. I'll take what I can get.
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Joined: Nov 2002
Posts: 7,380
Traveler
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Traveler
Joined: Nov 2002
Posts: 7,380 |
So you are planning to not return to SXM till 2020?
Wendell
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Joined: Mar 2009
Posts: 20,107 Likes: 40
Traveler
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OP
Traveler
Joined: Mar 2009
Posts: 20,107 Likes: 40 |
We rented a villa for 3 weeks this May and will do the same if Flamingo doesn't open till later.
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Joined: Nov 2002
Posts: 7,380
Traveler
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Traveler
Joined: Nov 2002
Posts: 7,380 |
Yes. villas are nice.
Wendell
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Joined: Nov 2009
Posts: 3,278
Traveler
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Traveler
Joined: Nov 2009
Posts: 3,278 |
Sounds as if they care about you as a TS owner, and are doing good business. One can only hope that others follow suit. As I just posted in another thread, I'm unwilling to pay 2018 fees if they cannot be used.
"It is good to do nothing all day, and then to rest" 
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Joined: Mar 2009
Posts: 20,107 Likes: 40
Traveler
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OP
Traveler
Joined: Mar 2009
Posts: 20,107 Likes: 40 |
Our MFs are on the higher side but some goes to a reserve fund for situations like this. Glad they have that reserve.
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