Insurable
(adjective)
Capable of being insured against loss or damage.
Origin:
From the latin word "insurare" meaning "to make safe".
Examples:
- This type of car is not insurable as it is considered a high-risk vehicle.
- It is important to have insurable assets in case of emergency.
- The company's new policy states that all employees must have insurable income.
- The house was deemed insurable by the insurance company after a thorough inspection.
- The policyholder must prove that the loss is insurable before filing a claim.