To insure for more than actual value.

To purchase excessive insurance coverage unnecessarily.

To pay premiums exceeding risk exposure limits.

To cover an asset beyond its replacement cost.

To protect against unlikely events with excess policies.

Excessive insurance coverage for an asset.

Paying premiums beyond necessary protection level.

Insurance policy with redundant benefits or limits.

Financial risk from insuring more than value.

Overpayment for unnecessary insurance policies or riders.