noun
insured item; insured property
Technical insurance term referring to the object or property covered by an insurance policy.
火災保険の被保険物には、建物と家財が含まれる。
The insured items under fire insurance include the building and household contents.
Compound of 被 (ひ, 'covered'), 保険 (ほけん, 'insurance'), and 物 (ぶつ, 'thing'). The exact historical derivation is uncertain, but the term follows standard Sino-Japanese word formation patterns for technical vocabulary.