Balearic residents better safe than sorry

BALEARIC families allocate as much as 3.9 per cent of household income to insurance, says report.
This amount sits above the Spanish average of 3.6 per cent and the highest percentage of the whole country, according to the report elaborated by E2000 Financial Investment.
Head of the company, Paloma Arenas, told Spanish daily Europa Press that of all the Spanish regions, the Balearic Islands best understand the advantages of investing in insurance.
“Even though the Islands have the highest ‘insurance culture’ in Spain, the country is still far away from other developed countries in those terms, sitting at the 21st position according to the Organisation for Cooperation and Economic Development (OCDE),” said Ms Arenas.