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self-insure

 

Definitions from the Web

Self-insure

Definition: To assume the financial risk of potential losses without the aid of an insurance policy or provider.

Parts of Speech:

  • Verb: self-insure
  • Noun: self-insurer

Sense 1:

Verb: To personally take responsibility for covering potential losses.

Example Sentence: Many wealthy individuals prefer to self-insure their expensive jewelry rather than rely on insurance companies.

Sense 2:

Noun: One who chooses to personally assume the risk of potential losses.

Example Sentence: He decided to become a self-insurer to have more control over his healthcare expenses.


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