There's usually 2 sensors depending on year model... (when you have the temp/oil-press/drive oil-level alarm system installed) if the one of them doesn't have a switch (in addition to the temp sender) in it..... the 2 sensors may be in the thermostat housing. (as they are on my 97 7.4L Bravo)
One is for actual temp sense. The other one is a limit switch for the alarm system. It grounds out the alarm circuit to sound the alarm when the temp goes above a particular upper limit.
Same for the oil press..... There's another one for low oil press that grounds the same wire and sounds the alarm (drive oil level too)
Cheers,
Rick