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Definitions from WordNet

Definitions from the Web

Insurability

Definition:

Insurability refers to the degree of risk an individual or entity possesses that permits them to be eligible for insurance coverage.

Usage:

In the insurance industry, insurability is assessed to determine whether an applicant fulfills the necessary criteria for obtaining insurance.

Examples:

• Sense: Ability to be insured
• Example 1: John's good health and lifestyle choices ensure his insurability against various critical illnesses.
• Example 2: The risky nature of Tom's occupation reduces his insurability and increases the premiums he has to pay.
• Related Product on Amazon: Life Insurance
• Sense: Extent of risk accepted for coverage
• Example 1: The insurance company carefully evaluates the insurability of the property before offering fire insurance.
• Example 2: The high crime rate in the area makes it difficult to determine the insurability of homeowners against theft.
• Related Product on Amazon: Homeowners Insurance