Building in the Course of Construction

{
  "id": "MLC-T-INS-000026",
  "term": "Building in the Course of Construction",
  "field": "Insurance and risk management",
  "definition": "A walled and roofed building (see the General Rules section for the exception) that is principally above ground and affixed to a permanent site. It does not include building materials or supplies intended for use in construction, alteration or repair unless such materials or supplies are within an enclosed building on the premises.",
  "subject": "National Flood Insurance Program",
  "references": [
    "FloodSmart Flood Insurance Glossary",
    "FEMA Glossary"
  ],
  "url": "https://mlchart.com/terminology/insurance/building-in-the-course-of-construction/"
}