overinsurance

overinsurance.

1. Insurance (esp. from the purchase of multiple policies) that exceeds the value of the thing insured.

2. Excessive or needlessly duplicative insurance. [Cases: Insurance 3023, 3043. C.J.S. Insurance §§ 6, 572, 624–625, 679–682, 718.]

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词条贡献者

法律翻译Terence，毕业于欧洲顶尖的高级翻译学院，专注翻译各类与房地产与土地使用诉讼有关的法律文件。