Real Estate Law
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Unfortunately, if there is a basement that can be accessed, whether it is livable space or not, the basement is counted in calculation of FEMA insurance, because the area can still flood and cause foundation damage and can require remediation/repairs.
Hello, I am a new contributor here as the prior expert has opted out of the question. I am not sure what more information you are seeking as Law Educator provided you with the correct answer and resources. However, let me see if I can provide you with an answer, while you may not agree with FEMA or like, which states it in a way you find satisfactory enough to provide a positive rating.
The rule is, if a crawlspace, whether livable or or not, is below the elevated level of the house (that is the first floor), and the foundation walls are not designed for entry and exit of flood waters, it can not be excluded for rating purposes. "An elevated building with an enclosure or crawlspace below the elevated floor with proper flood openings (flood vents) in the enclosure or crawlspace can be rated using the elevated floor as the lowest floor. (For elevated buildings with proper flood openings in an unfinished enclosure or crawlspace, the Application should indicate “No” for enclosure.) " source www.fema.gov/pdf/nfip/manual201105/content/07_lfg.pdf
The criteria is the construction of the foundation wall that encloses the crawlspace is engineered to allow waters to flow in and out without destruction to the area.