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overinsured

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in⋅sure

[in-shoor, -shur] verb, -sured, -sur⋅ing.
–verb (used with object)
1. to guarantee against loss or harm.
2. to secure indemnity to or on, in case of loss, damage, or death.
3. to issue or procure an insurance policy on or for.
4. ensure (defs. 1–3).
–verb (used without object)
5. to issue or procure an insurance policy.

Origin:
1400–50; late ME; var. of ensure


1. warrant. 4. assure.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Main Entry:  overinsured
Part of Speech:  adj
Definition:  having more insurance coverage than necessary
Dictionary.com's 21st Century Lexicon
Copyright © 2003-2009 Dictionary.com, LLC
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Word Origin & History

insure 
c.1440, variant of ensuren (see ensure). Took on its particular sense of "make safe against loss by payment of premiums" 1635 (replacing assure in that meaning).
Online Etymology Dictionary, © 2001 Douglas Harper
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Legal Dictionary

Main Entry: in·sure
Pronunciation: in-'shur
Function: verb
Inflected Forms: in·sured; in·sur·ing
transitive verb : to assure against a loss by a contingent event on certain stipulated conditions or at a given rate of premium : give, take, or procure insurance on or for intransitive verb : to contract to give insurance : UNDERWRITE; also : to procure or effect insurance
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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