overinsured

overinsured definition - business

overinsured

Having insurance coverage that exceeds a likely loss from damage, injury, or death. For example, a person pays premiums on several overlapping health insurance policies or multiple disability income policies. Compare underinsured.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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