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It Turns Out Mar-A-Lago Has Federal Government Flood Insurance Policy

It Turns Out Mar-A-Lago Has Federal Government Flood Insurance Policy
Updated 8 months ago

With Hurricane Irma thrashing Florida, many have wondered about the status of the "winter white house," Trump's Mar-a-Lago resort in Palm Beach. It turns out they needn't worry. Any flooding damage is completely insured... by the federal government. 

Your federal taxes will pay for repairs to the President's private club in the event of a natural disaster!

Mar-a-Lago is insured through the National Flood Insurance Program (NFIP), which provides affordable insurance to properties in high-risk flood zones that private insurers generally refuse to cover.

NFIP was set to expire at the end of September, but Trump signed legislation last week to temporarily extend it.

NFIP collects far less money in premiums than it pays out in damages. It covers the most at-risk properties and keeps its premiums "affordable," but critics say it mostly helps rich people who have beachfront homes. Burl Daniel, an insurance expert witness from Texas, told HuffPost:

If [NFIP] was a regular insurance company, they would have been in receivership. But it’s a political football because of the people who live on the coast.

The program owes $25 million to the U.S. Treasury. With Irma bearing down on Florida, this isn't likely to change any time soon.

This wouldn't be the first time Mar-a-Lago has benefited from NFIP. In 2005, Trump collected $17 million for damages after a series of storms, but then, by his own admission, he pocketed most of the money instead of using it for repairs. Now, Trump's property is once again in danger. 

Thirty years from now, The Guardian predicts Mar-a-Lago could be under a foot of water for most of the year due to climate change.

Shortly after Trump withdrew the U.S. from the Paris Climate Accord, Democratic legislators introduced a bill to prevent Trump from receiving NFIP benefits. The bill was titled the Prohibiting Aid for Recipients Ignoring Science (PARIS) Act. Oregon Representative Earl Blumenauer said:

It would be outrageous for somebody who is denying the reality of climate, who is undercutting our ability to minimize the effects, to then turn around and be a recipient of federal largess.

Democratic lawmakers say the PARIS Act was largely based on principle, but it sounds like common sense, right?

The President stands to collect a lot of money, which will have to be borrowed from the U.S. Treasury, though it may or may not be used to actually repair Trump's private property. Blumenauer concluded:

We need to stop building in places where nature shows repeatedly that they’re not wanted. We need to stop making it worse, and we need to put in place programs to try and minimize damage.

But how are rich people supposed to fix their beach homes when those liberal hoaxes keep tearing through?