Definition of overinsured in English:

overinsured

adjective

  • Having insurance coverage beyond what is necessary.

    • ‘Japan, the world's second-largest market for insurance, is often called the most overinsured nation.’
    • ‘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.’

Pronunciation:

overinsured

/ˌōvərənˈSHo͝ord/