The property has a flood insurance policy through the National Flood Insurance Program, a Federal Emergency Management Agency spokesperson told HuffPost. The program provides affordable insurance in flood-prone zones where private insurers have traditionally refused to insure properties because they’re so vulnerable. The 1968-era National Flood Insurance Program, or NFIP, offers a mix of rates. “If [NFIP] was a regular insurance company, they would have been in receivership,” Burl Daniel, an insurance expert witness from Texas, told HuffPost. Mar-a-Lago, Trump International Golf Club in Palm Beach and Trump National Golf Club in Jupiter are all closed in advance of Irma, a Trump Organization spokesperson said.

Source: Huffington Post September 09, 2017 13:24 UTC