Depreciation area & entered in insurance type & is not in the asset.

What causes this issue?

You entered a depreciation area for determining insurance values in the
insurance type. This depreciation area does not exist in the asset.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Use an insurance type, which has a depreciation area that is also
managed in the asset. Or change the current insurance type
accordingly.

Error message extract from SAP system. Copyright SAP SE.