Pronunciation: [ɪnʃˈʊ͡əɹəbə͡l] (IPA) 
Insurable is spelled as /ɪn'ʃʊərəbəl/. The first syllable "in" is pronounced as /ɪn/, the stress is on the second syllable "sur" which is pronounced as /'ʃʊər/, and the final syllable "able" is pronounced as /əbəl/. The word insurable means capable of being insured, or eligible for insurance coverage. In the insurance industry, insurable refers to the type of risk that an insurance company is willing to insure against.
Insurable is an adjective that pertains to an individual, asset, or risk that can be covered or protected against potential losses or damages through an insurance policy. This term is commonly used in the insurance industry to describe something that meets the requirements for insurance coverage.
When referring to an individual, insurable typically relates to a person's insurability, which is the level of risk they represent to an insurance provider. Factors like age, health condition, occupation, and lifestyle habits are taken into consideration by insurance companies to assess the insurability of an individual before issuing a policy.
Regarding assets, insurable refers to the characteristics of an object that make it eligible for insurance coverage. These characteristics often include its monetary value, vulnerability to damage or loss, and the potential financial impact of such damage or loss.
In terms of risks, insurable describes the events or situations that are deemed suitable for insurance coverage. A risk is considered insurable when it is not highly certain or catastrophic and when it can be estimated and priced by insurers.
Insurability and insurable interests play crucial roles in the insurance industry, as they determine the eligibility of individuals, assets, or risks for insurance coverage. This evaluation process is essential to ensure that insurance policies are appropriately designed to protect policyholders against potential losses, while also allowing insurers to manage their risks effectively.
That may be insured against loss or damage.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
The word "insurable" is derived from the noun "insurance". The noun "insurance" appeared in the English language in the mid-16th century, coming from the Middle French word "ensurance". The French term itself was a variation of the Latin word "securus", which means "safe" or "secure". Later, the adjective form "insurable" was formed by adding the suffix "-able" to "insurance", indicating the capability or possibility of being insured.
