Total Insured Value (TIV¹) is the maximum aggregate amount of coverage available under a property insurance policy. TIV is the sum of the primary dwelling coverage plus additional coverage options. The formula is:
TIV = RCE (or Dwelling Coverage) + Other Structures + Personal Property + Loss of Use
Note: Dwelling coverage applies to the TIV formula instead of the Replacement Cost Estimate (RCE) in Stated Value States only. To see a list of these states and learn more about how they differ, view the Stated Value vs. Non-Stated Value Help article.
For new business policies in select states, a policy's TIV is capped at $6,000,000. All coverages are subject to TIV limits.
Individual Coverage Caps
Within the Agent Portal, individual coverages are limited to a specific percentage of the home's RCE:
- Dwelling (Coverage A): Limited to 200% of RCE (applies in Stated Value States only)
- Other Structures (Coverage B): Limited to 100% of RCE
- Personal Property (Coverage C): Limited to 150% of RCE
- Loss of Use (Coverage D): Limited to 100% of RCE
Maximum TIV Restrictions
If a quote or policy has reached the $6,000,000 TIV cap, the Agent Portal will automatically restrict you from increasing coverages further on the Coverage tab. This restriction applies to both new business quotes and mid-term quotes.
To add or increase coverage to one category when you are at the cap, you must first lower coverage in another category to free up the necessary TIV capacity.
1All coverages are subject to Total Insured Value (TIV) limits. See Legal Disclosures for more details.
The above is meant as general information. This information does not modify any provisions, limitations, or exclusions expressly stated in any insurance policy. Descriptions of all coverages and other features on this page are necessarily brief; in order to fully understand the coverages and other features of a specific insurance policy, we encourage you to read the applicable policy. Whether an accident or other loss is covered is subject to the terms and conditions of the actual insurance policy or policies involved in the claim. References to general claims handling steps, average or typical premiums, amounts of losses, deductibles, costs of coverages/repair, etc., are illustrative and may not apply to your situation.