Mare Insularum is a lunar mare located in the Insularum basin just south of Mare Imbrium. The basin material is of the Lower Imbrian epoch, with the mare material of the Upper Imbrian epoch. The mare is bordered by the craters Copernicus on the east, and Kepler on the west. Oceanus Procellarum joins the mare to the southwest. (wikipedia entry)
A mare is a "sea" or large circular plain. On the Moon they are named after latin terms describing weather and other abstract concepts.