Basement

{
  "id": "MLC-T-INS-000020",
  "term": "Basement",
  "field": "Insurance and risk management",
  "definition": "1. Any area of the building, including any sunken room or sunken portion of a room, having its floor below ground level (subgrade) on all sides.\n\n2. Any area of the building having its floor subgrade (below ground level) on all sides. The lowest floor of a residential building including basement must be above the Base Flood Elevation (BFE). Basements below the BFE are only allowed in communities that have obtained a basement exception from FEMA. Floodproofed non-residential basements are allowed.\nNational Flood Insurance Program Requirements\n• 59.1 - Definition\n• 60.3 - Flood plain management criteria for flood-prone areas",
  "subject": "National Flood Insurance Program",
  "references": [
    "FloodSmart Flood Insurance Glossary",
    "FEMA Glossary"
  ],
  "url": "https://mlchart.com/terminology/insurance/basement/"
}