self-insure

[ self-in-shoor, self- ]

verb (used with object)

, self-in·sured, self-in·sur·ing.

1. to subject (one's property or interests) to self-insurance.

verb (used without object)

, self-in·sured, self-in·sur·ing.

1. to insure with self-insurance.

Word History and Origins

Origin of self-insure¹

First recorded in 1930–35

Example Sentences

Or it may be better to self-insure and plan to use savings for long-term care needs if insurance is too expensive.

From Seattle Times

The government prefers to self-insure against financial risk rather than pay a fee to profit making third parties.

From BBC

"A lot of these shadow vessels will be able to self-insure or they will be able to be insured by Russian P&I", he added, referring to protection and indemnity insurance.

From Reuters

Consumer Reports recommends that people “self-insure” instead by putting the money they’d spend on a home warranty into a savings account earmarked for home repairs and replacements.

From Seattle Times

For costly issues, such as replacing your heating system or roof, self-insure by maintaining a well-funded savings account or a dedicated product repair or replacement fund.

From Washington Post