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

SAP Term: insured object

• Component: FS-PM

• Component Name: Policy Management

• Description: The object or person to benefit from contractually agreed insurance coverage. Example Building, vehicle, valuable watch, insured customer

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• Key Concepts: 
  Insured object is a term used in the SAP FS-PM Policy Management component. It refers to an item or entity that is insured by an insurance policy. This could include a person, property, or other asset that is covered by the policy. 
  
  How to use it: 
  In SAP FS-PM Policy Management, insured objects are used to define the scope of an insurance policy. When creating a policy, the user must specify the insured object and any associated details such as the type of coverage and the duration of the policy. 
  
  Tips & Tricks: 
  When creating an insurance policy in SAP FS-PM Policy Management, it is important to ensure that all relevant details about the insured object are included. This will help ensure that the policy covers all necessary items and entities. 
  
  Related Information: 
  For more information about insured objects in SAP FS-PM Policy Management, please refer to the official SAP documentation.