I have a question regarding time share property. As I understand it, you purchase a block of time at a resort or building that is then reserved for your use as a residence for that specific period of time. Then you have the right to sell that time slot to others if you are not going to use it, or trade the time for another time at that or another location. I believe that whether you own or lease the location, it is still a residence and should be listed on the declarations. If another party using the insured's time slot suffered an injury and sued, I believe there would be no protection under the insured's homeowners if the time-share location was not listed.
May I have your thoughts on this matter?
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