insurance
The word 'assicurazione' is the Italian translation for 'insurance'. It is used in the same context as in English, referring to a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured. The word can also refer to the insurance company itself.
I need insurance for my new car.
In this sentence, 'assicurazione' is used in the context of needing vehicle insurance for a newly bought car. Many countries require auto insurance by law for the protection of both the driver and others on the road.
Life insurance is an important investment.
Life insurance provides a monetary benefit to a decedent's family or other designated beneficiary, and can specifically provide for income to an insured person's family, burial, funeral, and other final expenses. In this context, 'assicurazione' refers to this kind of coverage.
My apartment insurance has expired.
This sentence uses 'assicurazione' to refer to home insurance - usually a policy that can provide various compensations, such as for personal belongings loss, structural damage, or temporary living costs if the residence becomes uninhabitable. In this case, the speaker's policy has expired, perhaps unknowingly, requiring renewal.