Private insurance
The Spanish term 'seguro privado' translates to 'private insurance' in English. It refers to insurance coverages that are not provided or guaranteed by government entities. Private insurance is offered by private companies and it typically falls into broad categories such as health insurance, life insurance, homeowner's insurance, and car insurance. It is called 'private' because it involves contracts between a private individual or entity and an insurance company, rather than a government body.
My private insurance will cover the costs of the operation.
In this sentence, the private insurance of the speaker is said to be responsible for covering the expenses of a particular operation. This could mean that the speaker does not have to pay out-of-pocket for medical procedures.
Private insurance can be costly, but it's worth it.
This sentence suggests that while private insurance might be expensive, the speaker believes it to be worth the high price. The implication here could be that the services, protection, or peace of mind offered by private insurance justify the cost.
Does your company offer private insurance to employees?
This sentence is a question asking if a company provides its employees with private insurance. Typically, this could be part of employment benefits whereby the employer partly or fully pays for the employees' insurance.