Firstly you can get electrocuted on 240V. Don’t play with it. It’s dangerous.
Overhead lines typically aren’t insulated as that adds to cost, weight and poorer performance. Air is a good insulator, it’s easier to just space things appropriately. They’re built so that noone will accidentally come in to contact with them: you’d need to go out of your way to ignore safety barriers/climb a pole etc.
Obviously mistakes/negligence do happen. But it’s pretty rare, and in those cases it’s unclear if insulation would even help anyway.
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