Known Issue 299

Certain flood secondary risk characteristics will affect losses for Builder's Risk exposure in the Verisk Inland Flood Model for the United States and the Storm Surge and Precipitation Flood sub-perils of the Verisk Hurricane Model for the United States. when they should not.

Issue ID	299
Summary	Certain flood secondary risk characteristics will affect losses for Builder's Risk exposure in the Verisk Inland Flood Model for the United States and the Storm Surge and Precipitation Flood sub-perils of the Verisk Hurricane Model for the United States. when they should not.
Description	Only the flood secondary risk characteristics Custom Standard of Protection, First Floor Height, Custom Elevation and Foundation Type should apply to Builder's Risk exposures in the U. S. Inland Flood model and the flood sub-perils of the U. S. Hurricane model, however other SRC's are applying to modify losses.
Resolved in
Date posted	7/10/2020
Software versions affected	11.2, 11.0, 10.0, 9.1, 9.0
Feature set	Detailed loss
Models	Verisk Inland Flood Model for the United States, Verisk Hurricane Model for the United States
Potential for loss numbers impact	Yes
Workaround	Populate only applicable secondary risk modifiers when modelling losses with respect to Builder's Risk exposures.