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Jessie，在一家亚洲一流律师事务所的北京办公室担任全职法律翻译，擅长翻译有关港口、铁路、公路与海运的法律文件。