in the power distribution industry this concept isn't uncommon. the breakers on large generators are set to allow the generator to provide at least 300% rated current out, that way if something breaks down the line the generator can just pump out current and either fry something into submission, or trip a breaker that is closer to the fault.
similar things can happen. especially if a redundent component explodes, removing it from the circuit.
still, redundency isn't usually built in, and the rating is reduced.
some components are designed to be self healing where damage will just fry off the offending section and leave the system in a working condition.