Remember I told you about running a small business might bring you a good fortune in the future. Yes, please pay more attention in developing a small part time business rather than part time job.
When you start a business, you have to deal with customer payment. Credit card payment is very popular now and almost every shop on line or off line accepts credit card payment.
In order to accept your customer payment via credit card, you need to have a credit card merchant account. Please take note that there are different types of credit card in the market, you need to have at least a Visa Merchant Account and Master Merchant Account.
Once you have the merchant account, you will be able to accept credit payment from your customer. If you are new, here is the scenario, you have a website selling goods or services, when the customer purchase the items and check out, the customer will be directed to a secure page where they will key in the credit card information. Once they submit the credit card information, your merchant account provider will verify the credit card and charge the customer accordingly.
All the above setup perfectly integrated to your website as one. It looks professional and it provides a very good shopping experience for the customer.
Home insurance or some call it household insurance is a type of insurance that covers the losses of your house content due to crime, fire or others natural disaster.
It is a fix term insurance where you pay a fix amount of premium in return for a sum of money paid to you in the event of loss of assets due to crime, fire or others natural disaster. It is a yearly renewable insurance.
Recently ABC news portal reported that the crime rate in New York is in an increasing trend especially house break-in cases.
The above cases create a demand in household insurance and one hottest topic in town is who to reduce the household insurance premium.
We did an enquiry recently with ADT NY and found out that those houses install with ADT Alarm system which includes smoke detectors, burglar alarms as well as dead-bolt locks will entitles some discount from insurance company.
Are all insurances company provide discount to any alarm system installed? The answer is No. Only alarm system with communication center and local police office will entitle for such discount.
Why ? Because when you house alarm trigger, a signal will be sent to the monitoring center via your telephone line, once the monitoring center received the signal, they will contact the house owner. In the case where the house owner cannot be contacted, the monitoring center will contact the nearest police office for further investigation.
The above action will deter the crime rate tremendously and reduce the risk for the insurance company. As such, insurance company provide discount to encourage the installation of household alarm.
There are different types of home insurance available, basically it is broken down into the following categories:
HO-1 is a very basic home insurance, it covers against fire and lightning damage.
HO-2 cover more damages such as theft, explosion, smoke, storm, riot, ice, bursting of water pipe, gas pipe etc
HO-3 insures your house and structure against loss or damage from any caused except those specifically excluded in the policy. This is one of the most popular home insurance. Please pay attention on the excluded item as it may be required depending on the location and surrounding of your house.
HO-4, also a tenant’s policy insures your household contents stipulated in HO-2, it also provide additional coverage for living expenses reimbursement, medical treatment and third party liability.
HO-6 is specifically tailor made for condominium owner who would like to insure their household contents and personal belonging on top of the master insurance policy cover the building structure.
HO-8 is making for older house. The policy is mainly taking care of the old building where original items may not be available anymore.
Please take note the above is just a basic guideline, you are recommended to consult your insurance advisor to determine the necessary coverage needed for your house.
Insurance company has made the claim process very straight forward and simple provide you follow the proper procedures. Under normal circumstances, you should get your money in 3-4 months time.
1) First, you need to make a police report for the accident. Insurance company will not entertain any claims without a complete police investigation report.
2) Determine what kind of insurance coverage you had purchased and determine if it is worth making a claim. Please take note that you need to pay an excess fees under some circumstances, it might not worth pursue the claim. In some country, insurance company practice NCB( No claim bonus ), it means if you do not file a claim in the coverage period, you will entitle for a discount for the next renewal. So if the amount of the claim is much less than the discount you will enjoy in the coming years, it is not worth to file the claim.
3) File the claim fast and provide all necessary documents. Insurance company usually has a list of guideline that you must follow for a claim. Please follow all the necessary procedure and submit the relevant documents required. Please also take note that there is a limited duration for a claim as well.
4) Seek assistance from your auto insurance agent if you have one, or the insurance company or even the garage repair you car will be more than happy to assist you.
CD or certificates of deposit is a fixed term of deposit with a bank with a higher interest than your normal saving account. Fixed term means a period of 3 months, 6 months, 12 months or more. If you withdraw the deposit before the maturity date of the CD, then you will not be able to enjoy any interest payout.
Generally, the longer the maturity period, the higher the interested rate paid. The reason is you are locking up your money for a longer period and the bank will make full use of your money earning higher interest through their mortgage product.
But the economy climate changing everyday and the overnight interest rate between banks does affect the CD rate daily. For example, 3 months CD rate is 0.8% and 12 months CD rate is 1.4% today, should you lock in the 12 months CD in 1.4% today ? That is a very tough question as nobody can predicts what will happen in the future.
As everyone hoping the get the investment return, there are a few methods the get the best CD rates in town.
1) Prepare a spreadsheet with Name of Bank, CD rates for 3 months, 6 months and 12 months respectively.
2) Look through the local daily, Discover Bank advertisement on CD rates.
3) Visit local banks, finance or any leasing or credit unions that offer CD product.
4) Internet is faster and most convenient way to find out the best CD rates offered by Bank, they usually provide detail comparison among their competitors.
