Sentences with phrase «large financial setback»
It is therefore important that your policy include high enough levels of structure and contents coverage to enable you to rebuild and start over without suffering a large financial setback.
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During the economic recession of 2008, AIG suffered some financial setbacks, and in turn, this large insurance and financial services conglomerate had to collateralize its securities with more assets.
Deloitte has described this type of risk as a «meta - risk», capable of being a larger menace to firm survival than a financial setback or problematic compliance issue.
Fortunately, travel medical insurance covers a large portion of treatment costs, helping international travelers avoid a serious financial setback in the case of need for medical care.
During the economic recession of 2008, AIG suffered some financial setbacks, and in turn, this large insurance and financial services conglomerate had to collateralize its securities with more assets.
But the point is, most of us do not have the means to recuperate from large setback in life without a sound financial backing, hence the need for insurance.