self-insurance

[self-in-shoo r-uh ns, self-] /ˈsɛlf ɪnˈʃʊər əns, ˌsɛlf-/
noun
1.
insurance of one's property or interests against possible loss by the establishing of a special fund for the purpose instead of seeking coverage with an underwriter.
Origin
1895–1900
British Dictionary definitions for self insurance
self-insurance
 
n
the practice of insuring oneself or one's property by accumulating a reserve out of one's income or funds rather than by purchase of an insurance policy

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Tile value for self

7
8
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