Seguro (in Spanish) - The translation of "insurance" into Spanish is "seguro". It is a financial product or service that provides protection against financial losses incurred due to unforeseen events or circumstances. Insurance is typically offered by insurance companies, which charge a premium to the insured in exchange for coverage.
There are many different types of insurance policies, including health insurance, life insurance, auto insurance, home insurance, and business insurance. Each type of insurance policy provides coverage for specific risks or events, such as medical expenses, property damage, liability claims, or loss of income.
When an insured experiences a loss or covered event, they can file a claim with their insurance company to receive compensation for their losses, up to their policy limit. The insurance company can investigate the claim to make sure it is valid and covered by the policy, and can then provide the insured with a payment or reimbursement for their losses.
In short, insurance is a way for individuals and businesses to protect themselves against financial risk and uncertainty, and to ensure that they have the necessary resources to recover from unforeseen events or circumstances.