Understanding Timeshare Maintenance Fees

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Whether you are considering vacation ownership or you are already an owner, it is important to understand your timeshare maintenance fees. It is best to learn about these costs before buying a timeshare, so you can make an educated decision about this major, long-term purchase. To owners looking for a better understanding of their maintenance fees—it’s never too late to learn! Below, we’ve answered essential questions regarding maintenance fees.

Why Do I Have to Pay a Timeshare Maintenance Fee?

Resort operations costs are allocated among all owners at that resort by way of an annual maintenance fee. Most resorts schedule these fees to be due annually, but some may require them monthly, quarterly, or biannually. You can compare the cost of your timeshare maintenance fee to the costs of owning your home or car, both of which need regular maintenance and repairs. If you own a condo or have owned one in the past, you may also be familiar with homeowners’ association fees, which operate similarly to timeshare maintenance fees.

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Travel Insurance: To Buy or Not to Buy?

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When traveling to a new and unfamiliar place, there is no such thing as being too safe. According to TripInsurance.com, 17% (one out of every 6 people) who buy travel insurance have actually filed a claim—this means you have a higher chance of making a travel insurance claim than almost any other insurance you buy. Most travelers, however, elect not to buy it. You can find coverage to protect you from a range of issues, including:

  • Flight and trip cancellation insurance
  • Travel health insurance
  • Baggage coverage
  • Medical evacuation insurance

If you do opt for travel insurance, you should never purchase it from your airline, tour operator, or cruise line. These policies offer weak coverage (for instance, pre-existing medical conditions are typically not covered). You can find much better policies from a travel insurance specialist like AIG Travel Guard. Read on to learn when you should or should not purchase travel insurance.

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Hilton Begins Sales for The Grand Islander

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Last week, Hilton Grand Vacations began sales of The Grand Islander by Hilton Grand Vacations Club. The Grand Islander has been under construction since June of this year and will be the newest tower at the Hilton Hawaiian Village Waikiki Beach Resort.

The new 418-unit tower is being developed by the Blackstone Group L.P. and will be adjacent to the Tapa Tower along Kalia Road. Hilton expects sales to go quickly for the project, which will be the company’s eighth Hawaii timeshare resort.

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Best Resorts for Celebrating the Holidays

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As the holidays are approaching, many timeshare resorts join in the spirit of the season by offering their own unique traditions for holiday guests. Check out some of the best resort holiday traditions, and you might find yourself inspired to start a new tradition with a vacation to one of these amazing resorts.

Bluegreen Resorts – The Suites at Hershey

Enjoy a sweet celebration when you stay at The Suites at Hershey. This resort in Pennsylvania puts you close to all the exciting holiday celebrations at Hershey Park. Enjoy the Christmas Candylane area for rides, shops, and shows. Visit Santa’s reindeer or take a ride on the Candylane Twilight Express train. You can enjoy ice-skating at the park or visit Santa himself at Santa’s Candy Cottage. At the end of the day, take a drive through Hershey Sweet Lights, a one-of-a-kind drive-through attraction featuring hundreds of holiday light displays. Don’t miss out on the fun at The Suites at Hershey.

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Benefits Of Renting Out Your Timeshare

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If you can’t use your timeshare this year, why not consider renting it out? There are plenty of benefits to renting when a vacation is no longer in the plan. Check out the main benefits below, and see why renting out your timeshare is the perfect option when you can’t use it.

Cover Your Maintenance Fees

Whether you use your timeshare or not, you will owe annual maintenance fees on the property. This can seem like a waste if you are unable to use your timeshare for any reason. However, when you rent out your timeshare, you can recoup some or all of the cost of the maintenance fee. Simply include the cost of the fees into the rental price, and then you’ll have one less worry this year. Oftentimes, owners can even make a little extra and pocket the profit!

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