1. able to be insured or covered by an insurance policy
Usage: formal; chiefly used in insurance and legal contexts

Examples

• The property is assurable under the standard homeowners policy.
• Not all high-risk items are assurable by conventional insurance companies.
• The vehicle must be in assurable condition before the policy takes effect.
• Certain pre-existing conditions may not be assurable under health insurance plans.
• The company determined that the cargo was assurable for the overseas shipment.