Definitions

1. verb

to take out insurance in advance; to insure beforehand

“The company preinsured its assets to minimize potential losses.”

2. verb

to insure or provide for something beforehand

“The government preinsured the funds for the new infrastructure project.”

3. verb

to take precautions or measures beforehand, especially to prevent a problem or risk

“The team preinsured themselves against the possibility of bad weather by bringing umbrellas.”

4. noun

the act of insuring or providing for something beforehand

“The preinsure of the new equipment was a wise decision by the company.”