in·sur·able /in-'shu̇r-ə-bəl/ adj: capable of or appropriate for being insured against loss, damage, or death: affording a sufficient ground for insurance
in·sur·abil·i·ty /in-ˌshu̇r-ə-'bi-lə-tē/ n

Merriam-Webster’s Dictionary of Law. . 1996.

Able to be insured.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

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  • insurable — in‧sur‧a‧ble [ɪnˈʆʊərəbl ǁ ˈʆʊr ] adjective INSURANCE if something is insurable, it is possible to obtain insurance for it: • Almost everything is insurable provided the premium is adequate. * * * insurable UK US /ɪnˈʃɔːrəbl/ US  /ɪnˈʃʊərəbəl/… …   Financial and business terms

  • Insurable — In*sur a*ble, a. [From {Insure}.] Capable of being insured against loss, damage, death, etc.; proper to be insured. [1913 Webster] The French law annuls the latter policies so far as they exceed the insurable interest which remained in the… …   The Collaborative International Dictionary of English

  • insurable — insure ► VERB 1) arrange for compensation in the event of damage to or loss of (property, life, or a person), in exchange for regular payments to a company. 2) secure the payment of (a sum) in this way. 3) (insure against) protect (someone)… …   English terms dictionary

  • insurable interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. insurable interest …   Law dictionary

  • insurable risk — ➔ risk1 * * * insurable risk UK US noun [C or U] INSURANCE ► a situation that an insurance company will protect you against because it is possible to calculate how likely it is to happen, how much damage it will cause, etc.: »Private insurance… …   Financial and business terms

  • Insurable interest — A person has an insurable interest in something when loss or damage to it would cause that person to suffer a financial loss or certain other kinds of losses. For example, if the house you own is damaged by fire, the value of your house has been… …   Wikipedia

  • insurable interest — The legal right to enter into an insurance contract. A person is said to have an insurable interest if the event insured against could cause that person a financial loss. For example, anyone may insure their own property as they would incur a… …   Big dictionary of business and management

  • Insurable risk — An insurable risk is a risk that meets the ideal criteria for efficient insurance. The concept of insurable risk underlies nearly all insurance decisions.For a risk to be insurable, several things need to be true:* The insurer must be able to… …   Wikipedia

  • insurable interest in life — One s interest in his own life. Any reasonable expectation of benefit or advantage from the continued life of another person, which advantage or benefit need not be capable of pecuniary estimation, but may be predicated upon any relation which is …   Ballentine's law dictionary

  • insurable interest in property — An interest in property to the extent that the owner of the interest derives a benefit from the existence of the property and will suffer a loss from its destruction. 29 Am J Rev ed Ins § 438. Any interest in property or any relation thereto or… …   Ballentine's law dictionary

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