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Total Insurable Value

Trading Term

Total insurable value, abbreviated TIV, is the aggregate value of insured property exposed within a defined portfolio or geographic area. Catastrophe loss estimates are frequently expressed as a percentage of TIV, so an event causing 40% of TIV in losses against $10 billion of exposure implies $4 billion of insured loss. Because TIV in coastal regions has grown substantially through development and rising property values, it is central to explaining why disaster losses rise even without a change in storm frequency or intensity.

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