As this article is written, Hurricane Irma is threatening to wreak havoc on much of Southern Florida. In fact, things are looking so bad that President Donald Trump is starting to fear for the safety of his beloved Mar-a-Lago resort in Palm Beach, Florida.
On Saturday he tweeted:
According to a recent report from The Huffington Post, Trump’s Mar-a-Lago estate is reportedly insured by the federal government.
The estate is insured through the National Flood Insurance Program, according to HuffPost. A Federal Emergency Management Agency spokesperson explained:
‘The program provides affordable insurance in flood-prone zones where private insurers have traditionally refused to insure properties because they’re so vulnerable. Some critics say the program benefits affluent people who live on beachfront property, essentially allowing them to live in places that are at a high risk of being damaged.’
The property is covered at the “full-risk” rate, meaning that it’s insured for the full risk of flooding up to a certain dollar amount. According to HuffPost, “the 1968-era National Flood Insurance Program, or NFIP, offers a mix of rates.”
The insurance program on the Mar-a-Lago resort was about to expire at the end of September; however, Trump temporarily extended it by signing legislation on Friday.
Irma, one of the largest hurricanes ever recorded, is expected to ravage Florida this weekend. According to a Trump Organization spokesperson, Mar-a-Lago, Trump International Golf Club in Palm Beach, and Trump National Golf Club in Jupiter are all closed ahead of the storm’s expected hit.
Not everyone agrees with Trump’s purchasing of insurance for his estates, though. Several Democratic lawmakers tried to stop the president from receiving federal funds for flood insurance coverage by introducing a bill called “Prohibiting Aid for Recipients Ignoring Science.” Rep. Earl Blumenauer (D-Ore.) reportedly once 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. 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.’
Featured Image via Getty Images.