David's just posted an update on FB:
An Update for our Guests Impacted by the Disney Vacation Club Resort Closures:
We are issuing guests whose travel dates overlap the Disney Vacation Club Resort closures a Travel Credit through David’s Vacation Club Rentals.
We are finalizing with our legal partners and software engineers to develop the systems necessary to manage this situation and deliver the Travel Credit to you very soon.
At this time, we can share that this is what we are working on releasing:
• The Travel Credit will be equal to the paid dollar value of your original rental less any compensation you may have already received
• The Travel Credit is non-transferable
• The Travel Credit can be used for any service offered by David’s Vacation Club Rentals including but not limited to Point Rentals, Cash Bookings for rooms at Disney owned resorts, Disney Cruise Line Bookings, Adventure by Disney Bookings, Royal Caribbean Cruise Lines Bookings, or any other venue added at our discretion, based on availability
• The Travel Credit will be valid for 15 months from the date it is issued
We will be reaching out to guests soon to provide them with exact details about how the Credit works, the dollar value, how to redeem the Credit, and the terms and conditions.
We hope you have more news to share with you soon
I posed the question of what they consider "overlap" since the resorts are closed until further notice. My trip is in June and even though they are not officially closed for my dates right now, I would still need to reschedule. I'm hoping my question gets answered and not deleted!
I got this as well. I am wondering what they mean by cash booking at Disney owned resorts. Does that mean David's could book a trip for us at say Caribbean Beach instead of renting points?