Definition, Meaning & Synonyms

insurable

adjective

/ɪnˈʃʊr.ə.bəl/

Definition

Capable of being covered by an insurance policy.

Examples

Most homes are insurable against fire and flood damage.
Before you can get car insurance, your vehicle must be considered insurable.
Many factors determine whether a business is insurable, including its financial health and operational risks.

Meaning

Insurable refers to risks or situations that can be protected against financial loss through insurance. A property or individual becomes insurable when it meets certain criteria set by insurers, making it eligible for insurance coverage.