Definition, Meaning & Synonyms

insurability

noun

/ˌɪnʃʊəˈrəbɪlɪti/

Definition

The quality or condition of being insurable.

Examples

The insurability of the property was confirmed after a thorough assessment.
Many factors can affect a person’s insurability, such as their health status and lifestyle choices.
Before signing the contract, she wanted to understand the insurability of her investment.

Meaning

Insurability refers to the ability of an individual or entity to be covered by an insurance policy, which includes the assessment of risk by an insurer.