Historically, the average Guatemalan rarely invested in life, health, car, home or business insurance as is common in the United States, Europe and other countries. Only 17% of cars on the road in Guatemala are insured; car insurance is not mandatory by law here. Many Guatemalans have seen insurance as a luxury product. That trend is now changing as middle-class Guatemalans realize the benefit of having coverage in case of an unforeseen event such as a car robbery, loss of business inventory, the untimely passing of the main income earner in the family or health emergency. According to a study conducted by Harvard University in 2005, more than 50% of family bankruptcies were associated with unforeseen medical expenses.
The insurance industry is also evolving quickly in Guatemala. Consumers can now find coverage that is equivalent to other markets, including in-country or worldwide coverage in dollars or quetzals. With many options available, the industry can still be quite complicated to navigate for most consumers. Through Seguros Antigua, Benito Barillas, who is bilingual in Spanish and English, has created a unique niche by helping Guatemalans and foreigners to select the insurance coverage that best meets their needs. Benito works with all the insurance companies with a presence in Guatemala and finds the best product for each of his clients. He is known for representing his clients with persistence and great care when incidents occur, and the insurance coverage is needed. With more than eight years in the market, Benito and his professional team have gained a solid reputation in the Guatemalan market.
If you are interested in learning more about the options available and discussing your insurance needs, please contact Seguros Antigua.
4052-7136 / 7937-0140
