Law Dictionary

overinsurance

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

legal Definition of overinsurance

: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)

Learn More about overinsurance


Seen and Heard

What made you want to look up overinsurance? Please tell us where you read or heard it (including the quote, if possible).

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

WORD OF THE DAY

serious difficulty or misfortune

Get Word of the Day daily email!

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!