What is TIV Insurance?
TIV insurance is an acronym that stands for Total Insured Value insurance. The term refers to a type of insurance policy that covers the full value of the insured property, which may include buildings, equipment, inventory, and other assets. TIV insurance is commonly used in commercial property insurance where the value of the insured property can be very high. This type of coverage typically includes provisions for loss or damage due to events such as fire, theft, natural disasters, or other covered perils. TIV insurance is designed to provide comprehensive protection for a wide range of assets and liabilities, giving policyholders peace of mind and financial security in the event of a loss.
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