Total insurable value

{
  "id": "MLC-T-INS-003345",
  "term": "Total insurable value",
  "field": "Insurance and risk management",
  "definition": "The aggregate value of all property, business income, and other assets that an insured entity has covered under its insurance policies. This figure represents the maximum potential financial exposure for an insurer across all covered items, not necessarily the maximum loss from a single event. It is a key metric for underwriters to assess overall risk and determine appropriate premium levels.",
  "url": "https://mlchart.com/terminology/insurance/total-insurable-value/"
}