Underground Building
Term · Insurance and risk management · MLC-T-INS-000245
A building for which 50% or more of the Actual Cash Value (ACV), including machinery and equipment that are part of the building, is below ground.
| Identifier | MLC-T-INS-000245 |
|---|---|
| Field | Insurance and risk management |
| Subject | National Flood Insurance Program |
| References | FloodSmart Flood Insurance Glossary; FEMA Glossary |
Record as JSON
{
"id": "MLC-T-INS-000245",
"term": "Underground Building",
"field": "Insurance and risk management",
"definition": "A building for which 50% or more of the Actual Cash Value (ACV), including machinery and equipment that are part of the building, is below ground.",
"subject": "National Flood Insurance Program",
"references": [
"FloodSmart Flood Insurance Glossary",
"FEMA Glossary"
],
"url": "https://mlchart.com/terminology/insurance/underground-building/"
}
Record 245 of 272 in Insurance and risk management terminology (MLC-0106). Request the full dataset.