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Law Dictionary

overinsurance

noun over·in·sur·ance \ˌō-vər-in-ˈshu̇r-əns\

Legal Definition of overinsurance

  1. :  insurance (as from two or more policies) that exceeds the value of the thing covered <overinsurance may lead to fraud by the insured>; broadly :  excessive insurance (as from needlessly duplicative coverage)




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