Property · Insurance Term
Total Insured Value (TIV)
Definition
Total insured value (TIV) is the sum of all values insured on a property policy: buildings, business personal property, business income or rents, and other listed items. Underwriters use it to size and price the risk, and many percentage deductibles are calculated from it.
In Plain English
Your TIV comes from your statement of values. Add each location's building value, contents value and annual business income or rental income, and you get the total the insurer is exposed to.
TIV matters most when your deductible is a percentage. A percentage deductible for wind and hail of 2% of TIV means 2% of the insured value, usually at the damaged building or location, depending on the wording.
Policies with a blanket limit often set that limit from your TIV. If your values are too low, a blanket program can be undersized for a large loss.
Not sure how your policy handles this? Have us review it, or get a quote.
Example
Hypothetical: a building valued at $4,000,000, contents at $300,000 and rental income at $700,000 give a TIV of $5,000,000. A 2% wind and hail deductible based on that TIV would be $100,000 per occurrence.
What to Watch For
- Ask whether percentage deductibles apply to building value alone or total value at the location.
- Update values at each renewal, especially after construction cost changes.
- Confirm whether business income or rents are included in TIV for deductible purposes.
Last updated October 14, 2026 · Primesure editorial team · How We Write