insurable Meaning, Definition & Usage

  1. adjective satellite capable of being insured or eligible to be insured

WordNet

In*sur"a*ble adjective
Etymology
From Insure.
Definitions
  1. Capable of being insured against loss, damage, death, etc.; proper to be insured.
    The French law annuls the latter policies so far as they exceed the insurable interest which remained in the insured at the time of the subscription thereof. Walsh.

Webster 1913