verb
- to insure for more than the actual value or beyond what is necessary
Usage: third person singular present tense
Examples
- The company overinsures its equipment to avoid any potential losses.
- She overinsures her jewelry collection because of its sentimental value.
- The homeowner overinsures the property due to rising real estate prices.
- He always overinsures his vehicles to ensure complete coverage.
- The business overinsures against liability claims after past lawsuits.
- Many people overinsure their homes in hurricane-prone areas.