How do you determine your Total Insured Value (TIV)?
Total Insured Value (TIV) refers to the total cost to design and construct the building, including labor, materials, and overhead, but excluding the cost of land. Some builders may also choose to include a portion of their projected profit in the TIV. Determining an accurate TIV helps ensure you are adequately protected in the event of a loss. With EZBuild, this figure is used to make sure your coverage aligns with the true cost to complete your project.