Definition of overinsured in English:

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overinsured

Pronunciation: /ˌōvərənˈSHo͝ord/

adjective

Having insurance coverage beyond what is necessary.
Example sentences
  • Japan, the world's second-largest market for insurance, is often called the most overinsured nation.
  • I read an article the other day saying that the majority of Americans are overinsured.
  • However, one evening I was watching a television programme that showed how the vast majority of homeowners are overinsured.

Derivatives

overinsurance

Pronunciation: /ˌōv(ə)rənˈSHo͝orəns/
noun
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