Question

difference between uninsurable and insurable

Answer 1

Insurable

Insurable interest exists when an insured person derives a financial or other kind of benefit from the continuous existence of the insured object (or in the context of living persons, their continued survival).

insurable adj : capable of being insured or eligible to be insured

Insurable Capable of being insured against loss, damage, death, etc.; proper to be insured. [1913 Webster] 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. 

Uninsurable

Insurability can mean either whether a particular type of loss (risk) can be insured in theory, or whether a particular client is insurable for by a particular company because of particular circumstance and the quality assigned by an insurance provider pertaining to the risk that a given client would have.

uninsurable adj : not capable of being insured or not elegible to be insured