insured item; insured property
Technical insurance term referring to the object or property covered by an insurance policy.
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.