Just by asking "Is it better to be over-insured" is an admission that you don't know what the correct level of insurance is. For all you know, your "safe insurance" amount is severely under-insured.
Get to know your insurance brokers. Most Insurance Policies are designed to replace your building, old for new in the event of a total loss. It is not supposed to give you a better product. Its purpose is to provide you with a new building providing an equivalent function. You're wasting your money if you think that paying the additional premium is better in the long run.
Save the money for that next holiday!
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