Abstract: The disclosure relates to an asset protection bag for large items, such as, but not limited to, automobiles and boats, and also for small items, such as, but not limited to, firearms and documents. The asset protection bag includes a first half and a second half which can be laid out flat. A first zipper profile of a water-resistant zipper is formed around the periphery of the first half and a second zipper profile of the water-resistant zipper is formed around the periphery of the second half. The first half is folded over the second half, with the asset therebetween, and the zipper profiles are interlocked. Vacuum ports are provided to allow for the evacuation of air trapped therewithin.