overinsuring

overinsuring
Fin
insuring an asset for a sum in excess of its market or replacement value. However, it is unlikely that an insurance company will pay out more in a claim for loss than the asset is worth or the cost of replacing it.

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  • overinsuring — v. excessively insure,o·ver·in sure || ‚əʊvÉ™(r)ɪɪn ʃʊə(r) …   English contemporary dictionary

  • Joseph Chamberlain — The Right Honourable Joseph Chamberlain The Rt. Hon. Joseph Chamberlain Leader of the Opposition …   Wikipedia

  • Life Assurance Act 1774 — The Life Assurance Act 1774 (14 Geo. 3 c.48, also known as the Gambling Act 1774 [ Halsbury s Laws , vol.44(1) (reissue), Statutes , para 1268.] [Long title: An Act for regulating Insurances upon Lives, and for prohibiting all such Insurances… …   Wikipedia

  • overinsure — v.t., overinsured, overinsuring. * * * …   Universalium

  • overinsure — v.tr. insure (property etc.) for more than its real value; insure excessively. Derivatives: overinsurance n. * * * v.t., overinsured, overinsuring. * * * overinsureˈ transitive verb To insure for more than the real value • • • Main Entry: ↑over …   Useful english dictionary

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