Business Studies, asked by nandnis87754, 11 months ago

define over insurance​

Answers

Answered by Ankit856
2

Explanation:

Over insurance is an insurance effected upon property where an insured has bought so much coverage that it exceeds the actual cash value of the risk or property insured. Over insurance constitutes a moral hazard for an insurance company because the insured may be tempted to make a false claim to profit from a loss

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