Definition of overinsured in English:

overinsured

Line breaks: over|insured
Pronunciation: /əʊv(ə)rɪnˈʃʊəd
 
/

adjective

  • Having excessive insurance cover: many corporations have discovered that they were considerably overinsured
    More 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

noun

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