verb
- past tense and past participle of reinsure; to insure again or provide additional insurance coverage for
Usage: insurance industry
Examples
- The insurance company reinsured the high-risk policies with a larger firm.
- After the flood damage, the homeowner reinsured the property for a higher amount.
- The cargo was reinsured before the overseas shipment.
- Large insurance companies often have their policies reinsured by international reinsurers.
- The building was reinsured after the renovation increased its value.
- Due to increased risks, the airline reinsured its fleet with additional coverage.