What does Assets mean? Read on to discover the definition & meaning of the term Assets - to help you better understand the language used in insurance policies.
An asset is an item that has financial value. In the context of insurance, many people purchase insurance policies in order to protect certain assets. People who own assets can experience financial losses if their assets are damaged, stolen, or lost. Insurance policies reimburse people for asset related losses as long as they are covered by the policy.
We hope the you have a better understanding of the meaning of Assets.