Substantially damaged building

{
  "id": "MLC-T-INS-000235",
  "term": "Substantially damaged building",
  "field": "Insurance and risk management",
  "term_source": "Substantially Damaged Building",
  "definition": "A building that has incurred damage of any origin whereby the cost of restoring the building to its before damaged condition would equal or exceed 50% of the market value of the building before the damage occurred.",
  "subject": "National Flood Insurance Program",
  "references": [
    "FloodSmart Flood Insurance Glossary",
    "FEMA Glossary"
  ],
  "url": "https://mlchart.com/terminology/insurance/substantially-damaged-building/"
}