overinsurance

noun

over·​in·​sur·​ance
ˌō-vər-in-ˈshu̇r-əns
: 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)

Dictionary Entries Near overinsurance

Cite this Entry

“Overinsurance.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/overinsurance. Accessed 1 Mar. 2024.

Love words? Need even more definitions?

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