Glossary

Find easy-to-understand explanations of the most common freight forwarding and shipment terms

Total Insured Value

Total Insured Value (TIV) is an insurance term referring to the maximum amount of coverage a shipper has purchased to protect their goods during transit. This value includes the cargo’s cost and any additional costs associated with its transport, such as freight charges or customs duties.

The total insured value should always be enough to cover all potential losses due to damage or other unforeseen events.

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