What is insurable object in SAP FS-PM - Policy Management?

SAP Term: insurable object

• Component: FS-PM

• Component Name: Policy Management

• Description: Assets and objects that can be insured. Insurable objects are stored in object management and can be created, changed, or displayed there. They are classified by an object ID, object categories and types, and are described by specific object characteristics.

Smart SAP Assistant

• Key Concepts: 
  Insurable object is a term used in SAP FS-PM Policy Management. It is an object that can be insured, such as a car, house, or other property. The insurable object is the basis for the insurance policy and contains all the information needed to create the policy. 
  
  How to use it: 
  Insurable objects are created in SAP FS-PM Policy Management and can be used to create insurance policies. The insurable object contains all the necessary information about the object being insured, such as its value, type, and any additional details needed for the policy. 
  
  Tips & Tricks: 
  When creating an insurable object in SAP FS-PM Policy Management, make sure to include all relevant information about the object being insured. This will ensure that the policy created is accurate and complete. 
  
  Related Information: 
  For more information on insurable objects in SAP FS-PM Policy Management, please refer to the official SAP documentation.