Also known as: TIV · what is tiv · total insurable value
The combined value of everything covered under a property policy, representing the maximum potential loss.
Total Insured Value (TIV) is the sum of the values of all assets covered under a property policy: buildings, business personal property (equipment, furniture, inventory), and often business income exposure. It represents the insurer's maximum potential exposure at a single location or across all locations, and it is a core number underwriters use to price property coverage and decide how much capacity to commit. Reporting an accurate TIV matters: understate it and you risk being underinsured (and hit by coinsurance penalties at claim time); overstate it and you pay for coverage you do not need. For hardware, lab, and manufacturing startups with real physical assets, getting TIV right is central to a property program.
TIV is the combined value of all assets insured under a property policy, including buildings, equipment and other business personal property, and often business income. It represents the maximum amount an insurer could pay and is a key figure used to price property coverage.
If you understate your TIV, you may be underinsured and face coinsurance penalties that reduce your claim payment. If you overstate it, you pay for more coverage than you need. Reporting an accurate TIV keeps your property coverage correctly sized and priced.
Definitions are educational and may be modified by your specific policy language, endorsements, and state rules. For regulatory guidance, refer to the California Department of Insurance or the NAIC.
Last updated: July 2026.