Hypersensitivity is an excessive immune response that leads to undesirable tissue or organ damage and dysfunction. There are four main types: type I is antibody-mediated and involves IgE, type II also involves antibodies and can cause hemolysis, type III involves immune complex deposition and complement activation, and type IV is T-cell mediated and causes delayed hypersensitivity reactions. Therapy for type I hypersensitivity focuses on allergen avoidance, desensitization treatments, and drugs like antihistamines and adrenaline.