overinsured

1 5.7

You have more insurance than you need and pay extra money

adjective
/ˌoʊvərɪnˈʃʊrd/

: sobrasegurado

If you insure your car for a higher value than its market price, you could end up overinsured.

Examples

Being overinsured can lead to paying higher premiums without any additional benefits.
You know, I had a hedge and I was in fact, I was more than covered, which told me that he actually overinsured the way he worded it.
Many homeowners find that they are overinsured due to unnecessary add-ons in their policy.

Antonyms

underinsured

6 5.8

Having too little insurance to pay for big losses

How Insured

overinsured

1 5.7

insured

80 3.4

underinsured

6 5.8

uninsured

83 3.9

Surface Forms

overinsured positive

Morphology

overinsured = insured (transparent) = over + insure + ed

The adjective 'insured' plus prefix 'over-' yields 'overinsured' meaning excessively insured; this is a straightforward productive formation.

Etymology

Overinsured breaks into over- ('too much') and insure ('to protect with insurance' or 'to make sure'), like the words 'insurance' and 'sure'. So, overinsured literally means 'too well protected', which is why it describes having more insurance than you need and often paying extra for little benefit.