insurable

/in'ʃuərəbl/

Thân thiện

The antique vase is insurable due to its documented value.

Definition

1. Adjective:
   • Capable of being insured: Describes something (a person, property, or risk) that meets the necessary conditions to be covered by an insurance policy.
   • Eligible to be insured: Refers to a status where an insurance company is willing to accept the risk and provide coverage, typically because the risk is considered predictable and manageable.

Usage Examples

• Adjective:
  • The insurance company assessed the building and declared it insurable.
  • Due to his excellent health, he was considered highly insurable for a life insurance policy.
  • Not all risks in business are insurable; some are too unpredictable.

Advanced Usage

• "Insurable interest": A fundamental legal principle in insurance. It means a person must have a legitimate financial or emotional stake in the item or person being insured to prevent gambling on losses.
  • To buy a life insurance policy for someone, you must demonstrate an insurable interest in that person.

Variants and Related Words

• Insure (verb): To arrange for compensation in the event of damage, loss, or injury in return for payment.
  • They decided to insure their new car against theft.
• Insurance (noun): The practice or arrangement by which a company provides a guarantee of compensation for loss, damage, or illness.
  • Health insurance is essential for managing medical costs.
• Insurer (noun): A person or company that underwrites an insurance risk; the party in an insurance contract that promises to pay compensation.
  • The insurer processed the claim quickly.

Synonyms

• Coverable: Able to be covered or protected by insurance.
• Assurable: Capable of being assured or insured (less common).

Antonyms

• Uninsurable: Not eligible or suitable for insurance coverage.
  • The flood-prone property was deemed uninsurable by most companies.

Học thuật

Adjective

1. capable of being insured or eligible to be insured