Assurable

Part of speech: adjective

Definitions

1. Capable of being insured or protected against risk or loss through a formal agreement or policy
2. Describing something that can be secured through financial means to cover potential damages or liabilities
3. Pertaining to a situation or asset that can be assessed and insured to safeguard against unexpected events

Etymology: "Assurable" is formed from the verb "assure" plus the suffix "-able", meaning "capable of being." The verb "assure" came into English from Anglo-French "assurer", which in turn came from Latin "assecurare", "to make secure", built from "ad-" (to) and "securus" (free from care), the same root that gives English "secure" and "security." Because "assure" was once used in the sense of insuring a ship or cargo against loss, the adjective naturally took on the commercial sense of something that can be insured against risk. The modern "assurable" is most often found in insurance and legal writing, where a person or property that can be covered by a policy is described this way. Its meaning therefore preserves a long-standing link between making something certain and protecting it against loss.

Synonyms: guaranteed, secured, ensured, protected, warranted

Antonyms: unreliable, uncertain, insecure, risky, vulnerable