Trump took $17M in in­surance for dam­age few re­mem­ber

Daily Freeman (Kingston, NY) - - NATION + WORLD -

Don­ald Trump said he re­ceived a $17 mil­lion in­surance pay­ment in 2005 for hur­ri­cane dam­age to Mar-a-Lago, his pri­vate club in Palm Beach, but The As­so­ci­ated Press found lit­tle ev­i­dence of such large-scale dam­age.

Two years af­ter a se­ries of storms, the real es­tate ty­coon said he didn’t know how much had been spent on re­pairs but ac­knowl­edged he pock­eted some of the money. Trump trans­ferred funds into his per­sonal ac­counts, say­ing that un­der the terms of his pol­icy, “you didn’t have to rein­vest it.”

In a de­po­si­tion in an un­re­lated civil law­suit, Trump said he got the cash from a “very good in­surance pol­icy” and cited on­go­ing work to the his­toric home.

Trump’s de­scrip­tion of ex­ten­sive dam­age does not match those of Mar-a-Lago mem­bers and even Trump loy­al­ists. Trump’s long­time for­mer but­ler, An­thony Senecal, re­called no cat­a­strophic dam­age.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.