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  1  definition  found 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
  Insurable  \In*sur"a*ble\,  a.  [From  {Insure}.] 
  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.