If you’re renting points do you have to pay in full up front? Usually 50% up front and the balance 90 days before arrival.
Also, the booking is non-refundable, correct? Yes, you need to commit to your stay.
So what happens if you have to cancel? You forfeit the money you paid to that point.
Or what happens if there’s like a hurricane or something so all the flights are cancelled? You eat the days missed. I have exactly this risk. We rented BWV $144/nt for this Sept. It’s cheap enough that I’m comfortable losing the money in that slim but possible chance.
Is travel insurance an option? The brokers offer insurance. It certainly can help but it’s not cheap and for most scenarios won’t be a full refund.
I prefer renting thru owners privately on the boards. Still there’s a lot to learn about
point charts, booking windows and Use Years. Then you are in a position to understand what an owner can or cannot do if you needed to cancel or reschedule. Some owners will let you change dates once, others do not. When changing dates you’ll probably need to take whatever resort still has availability, like SSR, OKW or AKL.