Self-Insurance

Choosing to pay your own losses instead of (or up to a point before) buying coverage. Only wise with deep, disciplined pockets.

This is a friendly general explanation, not legal or policy language. Exact coverage depends on your policy, carrier, and state. 🤝

Written and reviewed by the We Insure Things team — licensed independent insurance agents. Last reviewed July 23, 2026. Questions? Ask a licensed agent.