insurable
Able to underwrite
Insurable describes something eligible for insurance coverage.
A risk is insurable if an insurance company will write a policy against it: The adjuster determined the property was insurable.
Health conditions, valuable items, and potential liabilities may or may not be insurable depending on the insurer's assessment of risk.
Added cost for better
- deductibleOut-of-pocket threshold amount
- copaymentPatient's fixed healthcare charge
- benefitsGains or helpful effects
- claimsStatements of truth
reimbursement · indemnity · exclusions · limits · caps · riders · endorsement · network
Source of potential harm
- perilSerious threat of harm
- exposureState of being unprotected
- liabilityLegal or financial obligation
- lossBeing without something
damage · casualty · accident · catastrophe · disaster · probability · uncertainty · vulnerability
Legal right of possession
- stakeholderParty with an interest
- legal interestEnforceable claim in property
- propertySomething owned or inherent
- assetItem of value owned
life · health · business · economic loss · beneficiary · assignee · third party · dependent
Something owned or inherent
- vehicleMeans of transport
- homeOne's personal residence
- buildingEnclosed roofed structure
- inventoryCatalog of held assets
equipment · cargo · jewelry · collectibles · livestock · crops · marine · hull
Financial risk analyst
- underwriterOne who assumes financial risk
- adjusterOne who calibrates
- ratingAssigned evaluative score
- reservesResources held back
retention · solvency · captive · portfolio · risk assessment · adverse selection · moral hazard · conditions
premium
Added cost for better
- deductibleOut-of-pocket threshold amount
- copaymentPatient's fixed healthcare charge
- benefitsGains or helpful effects
claims · reimbursement · indemnity · exclusions · limits · caps · riders · endorsement · network · out-of-pocket
hazard
Source of potential harm
loss · damage · casualty · accident · catastrophe · disaster · probability · uncertainty · vulnerability · contingency
ownership
Legal right of possession
- stakeholderParty with an interest
- legal interestEnforceable claim in property
- propertySomething owned or inherent
asset · life · health · business · economic loss · beneficiary · assignee · third party · dependent
property
Something owned or inherent
inventory · equipment · cargo · jewelry · collectibles · livestock · crops · marine · hull · contents
actuary
Financial risk analyst
- underwriterOne who assumes financial risk
- adjusterOne who calibrates
- ratingAssigned evaluative score
reserves · retention · solvency · captive · portfolio · risk assessment · adverse selection · moral hazard · conditions · clause
insurableuninsurable
Cannot be insured
uninsured · uncoverable · declined · excluded · rejected
- insurable interestFinancial reason to insure