Principal Residence

Term · Insurance and risk management · MLC-T-INS-000188

A single-family dwelling in which, at the time of loss, the named insured or the named insured’s spouse has lived for either 80% of the 365 days immediately preceding the loss or 80% of the period of ownership, if less than 365 days.

Table 1. Record
Identifier	MLC-T-INS-000188
Field	Insurance and risk management
Subject	National Flood Insurance Program
References	FloodSmart Flood Insurance Glossary; FEMA Glossary

Record as JSON

{
  "id": "MLC-T-INS-000188",
  "term": "Principal Residence",
  "field": "Insurance and risk management",
  "definition": "A single-family dwelling in which, at the time of loss, the named insured or the named insured’s spouse has lived for either 80% of the 365 days immediately preceding the loss or 80% of the period of ownership, if less than 365 days.",
  "subject": "National Flood Insurance Program",
  "references": [
    "FloodSmart Flood Insurance Glossary",
    "FEMA Glossary"
  ],
  "url": "https://mlchart.com/terminology/insurance/principal-residence/"
}

Record 188 of 272 in Insurance and risk management terminology (MLC-0106). Request the full dataset.