Build a schedule of values and total insured value across locations: building, contents and business income.
How the total insured value (tiv) calculator works
Total insured value is the sum of building, business personal property and business income values across all locations. It drives property pricing, catastrophe modeling and reinsurance.
Formula
TIV = Σ (Building + Contents + Business income) across locations.
How to use it
List each location.
Enter building, contents and BI values.
Review totals and concentration.
Worked example
Three locations with $6.7M building, $2.97M contents and $2.85M BI have a TIV of $12.52M; the main plant is 67% of it.
Frequently asked questions
Why does concentration matter?
A high share of TIV at one location means one event can produce a very large loss — underwriters price and limit for that.
Is BI always included in TIV?
Usually, yes, for commercial property schedules, though some carriers report it separately.
Premium Allocation Calculator — Allocate a total premium across locations, entities or lines in proportion to TIV, payroll, sales or any other basis.
Business Interruption Calculator — Estimate a business income and extra expense limit from revenue, continuing expenses, restoration period and extended period of indemnity.
Building Replacement Cost Calculator — Estimate a commercial building’s replacement cost from square footage and cost per sq ft, with debris removal, ordinance or law and inflation.