👉 In insurance, an "oversurer" refers to a party that has insured another party against loss or damage. This person is typically responsible for paying out claims and providing coverage for losses incurred by the insured party. The concept of an "oversurer" can be seen in various industries such as agriculture, construction, and property management. In insurance, the term "oversured" refers to a situation where the insured party has been deemed "over-insured." This means that they have been underins