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Meaning of self-insure

self-in•sure

Pronunciation: (self'in-shoor', self"-), [key]
— v., -sured, -sur•ing.
—v.t.
  1. to subject (one's property or interests) to self-insurance.
—v.i.
  1. to insure with self-insurance.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.