Outrageously Funny Word Dictionary :: Oversurety

👉 In the context of insurance, an "oversurety" refers to a type of insurance policy that guarantees a specific sum of money or property to be indemnified by another party in case of damage or loss. This means that if the insured person is unable to pay their premiums due to financial difficulties, the insurer will cover the losses incurred as long as they have sufficient funds to make up for the shortfall. An oversurety can be used in various types of insurance policies, such as life insurance

oversurety