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Are unfinished basements included in GFA for Insurance quotes?

Susan
L. Corley
October 15, 2020

Are unfinished basements included in GFA for Insurance quotes?

David Fingret
Extreme Measures Inc.
October 15, 2020

Hi Susan,

The BOMA Retail Standard is not designed for insurance quotes; however, basements (finished and unfinished) are included in the Construction Gross Area, Exterior Gross Area, and Gross Leasable Area.

Thanks,
David

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