Definition: Insurance

Category: Living conditions

Insurance activities concern the cover for different risks such as those relating to the occupation of housing, to sickness and accidents,  to the use of private vehicles and to civil liability.
These activities have financial consequences and need to be incorporated into the consumption expenditure. There are, however, various treatment options likely to affect comparability between countries.
Source:
Eurostat, "Household budget surveys in the EU - Methodology and recommendations for harmonization 1997", Office for Official Publications of the European Communities, Luxembourg, 1997
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