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In case it is not clear to anyone just starting to read this topic, the Santa Barbara did reopen, thoroughly redone, early in 2008. It is one of the older (oldest?) of the Wyndham Ft. Lauderdale area timeshares and and took the heaviest damage. Since major rebuilding had to be done, there undoubtedly were code updates required. These additional costs may have gone beyond the insured amount for the replacement of the original structure. Perhaps a person out there who is experienced in property insurance can tell us whether it is possible to insure a building for the cost of rebuilding it up to new code standards. MD