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self-insure

[self-in-shoo r, self-]
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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.

Origin of self-insure

First recorded in 1930–35
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018