Insurable adj. 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."
... for L100 [double insurance } L s. d. being insisted upon by lender, to cover contingent ex- } 10 0 0 penses, and life not insurable, a delicacy of the lungs } being admitted, ... — Wylder's Hand • J. Sheridan Le Fanu