Politics
Politics
Out of context: Reply #21647
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- utopian1
Trump Took $17 Million in Insurance for Damage Few Remember
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."
- that's not illegal, or unusual.Gnash
- ^ nope but v.unethical. And before you say Hillary blah blah - the article is about Trump.fadein11
- not unethical either --and i'm not making a political statement -- this is just the nature of property insurance.Gnash
- If your house burns down, you're not actually obligated to rebuild. insurance isn't a gov't handout, you buy itGnash
- @gnash - read the article properly - "The Associated Press found little evidence of such large-scale damage". overclaiming is unethical.fadein11
- ya, I didn't read it all actually. Although, I find it odd the an adjuster would approve a 17mill payoutGnash
- insurance companies really, really hate paying out if they don't need to!Gnash
- lol, as if any insurance agency would hand out $17m without a thorough investigation into the claim, those greedy fuckersmonospaced
- yep of course they would investigate but prob had pals inside. And fact is he must have left it damaged for his customers if he didn't spent the payout on thefadein11
- property - which I seriously doubt. But yep point taken.fadein11
- The adjuster approved a 17mill payout because Trump gave him 500k. Pay to play boys, pay to play.kona