Tag Archives: Espanol

Hidden Home Costs

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Faulty Wiring

TeleMundo quoted me in 15 Hidden Home Costs When Buying a Home (the original is in Spanish: 15 gastos escondidos al comprar una casa). It reads, in part,

There are many other things to consider when buying a house, besides the fact that it looks nice. Pay attention to these details and avoid unpleasant surprises.

*     *     *

Taxes for the following year — Although you were notified about your current taxes, they could go up from one year to the next says David Reiss, Research Director of the Center for Urban Business Entrepreneurship (Brooklyn).

Bad electrical wiring –when purchasing a house many expenses may be hidden behind the walls and you will not realize it until the light switch stops working, adds Professor Reiss.

Thanks to Ana Puello for the translation.

Using Homeowners Insurance

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Republic_Fire_Insurance_Company_certificate

Univision quoted me in When to Use Your Home Insurance Policy (Cuándo Usar la Póliza de Seguro del Hogar). It opens,

It is not advisable to use your homeowners insurance every time something breaks. Find out why and learn when it’s the best time to file a claim and when to avoid it.

As explained by David Reiss, Professor and Research Director at Brooklyn Law School’s Center for Urban Business Entrepreneurship, it is important to think carefully about the consequences of making a claim for a small loss.

We leave you with several issues you should consider when deciding whether to file a claim.

Is the payment worth the effort?

Generally, the homeowner will be responsible for the first part of the loss in an amount equal to the deductible of the policy. “So if the policy has a $1,000 deductible, and there was a $1,500 loss, only $500 at most would be paid by the insurance company,” said the expert.

Many claims, canceled policy!

After a homeowner files multiple claims, many insurance companies may cancel a policy.  Reiss recommends that you determine how this would work beforehand.

Thanks to Ana Puello for assistance with the translation.

Reiss En Español

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Telemundo quoted me in Consejos para Ahorrar Dinero Este 2015. It opens,

Recibos. ¿Llegó la cuenta del agua o la luz más alto este mes? ¡No lo ignores! Según David Reiss, investigador del Centro de emprendimiento de Negocios Urbanos y experto en finanzas, es mejor buscar la razón de este incremento para solucionarlo inmediatamente.

Click through the slides for mas pistas!