This sounds like a dumb question, and I'm sorry if it is, but I've searched around to get a visual representation of what they are and came up with nothing.
Here is what Android has to say about it:
WindowInsets
are immutable and may be expanded to include more inset types in the future.
http://developer.android.com/reference/android/view/WindowInsets.html
Google images autocorrect it to window inserts...
Why would anyone work with these "insets"? Do they have anything to do with the navigation bar on mobile phones with no home physical keys?