Definition of overinsured in English:

overinsured

adjective

  • Having excessive insurance cover.

    ‘many corporations have discovered that they were considerably overinsured’
    • ‘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.’
    • ‘Japan, the world's second-largest market for insurance, is often called the most overinsured nation.’

Pronunciation

overinsured

/əʊv(ə)rɪnˈʃʊəd/