You May Be Underinsured for Your Car

You May Be Underinsured for Your Car

Most people talk about the cost of their car insurance policy, and how they can save money on car insurance, but for many people, they need to first look at how much coverage they need before they begin to shop around for a lower cost policy. The followings are a few things to keep in mind.

Minimum coverage is probably a mistake

Every state has a minimum amount of coverage that is required by law. This is coverage to protect the driver and passengers of the other car, along with damage to the other car, in a case where the accident is your fault. Of course, if the accident is your fault, you will have to pay for the damage to your own car. You may think this is fine. If you caused an accident, you deserve to pay for the damage to your car, but there are other areas of coverage you will be missing.

Your car is stolen

Maybe your car isn’t worth much. Who would want to steal it? The problem with that thinking is there are many cars stolen just for their parts. You may have an old car that has a good market value for its parts. The car is stolen and torn down to the frame. Each part is sold on the black market. You, on the other hand, are left with nothing. You should get a quote from an auto insurance seminole county fl company for theft. You may be surprised at how little it adds to your policy’s cost.

Uninsured motorist

If someone hits your car and it is the fault of the other driver, you can file a claim with the other driver’s insurance company, but that is only if they have insurance. Many people drive without insurance. This is the reason for uninsured motorist coverage. It is low cost, and you will be protected from this type of driver.

Anyone can drop some of their coverage and save money on a policy. It is equally important to make sure you have enough coverage. If not, you may learn the hard way the first time you need to file a claim.…

Different Types of Merchant Account

Different Types of Merchant Account

To let your business do efficiently online transactions with great ease, Merchant accounts are used. There are different types of accounts designed for specialty businesses when it comes to merchant account and the first in this category is a grocery merchant service account that is specifically designed for locations that sell perishable food and no gasoline. Such type of account does not have to be a large market but it does have to meet the guidelines. These accounts are generally considered very low risk and have very low fees.

You can also go with Lodging accounts that are for those businesses that are within a hotel or motel or other unit where customers spend the night. They have much higher rates than most card present locations and this occurs due to the fact of various incidental charges that can be accumulated during a customer’s stay that may create the card to be declined at the final point of sale.

One another type of specific card present merchant account is the restaurant merchant account that allows the restaurant to authorize the customer’s card and then go back and adjust for gratuity. Such kinds of restaurant accounts can get a bit tricky to use and could end up costing the restaurant on high tip amounts. Because of such terms it is very important to consider all these options before signing up for a restaurant processing merchant account.

You may also have the options of card not present accounts with your merchant accounts and this is exactly the same as it sounds the physical card is not present to the vendor when they take the debut or credit card information. Such account would be the main type of account for all Internet based business along with telephone sales and mail order business. It is not possible to guarantee the cardholder was present when the order was placed with the card and the only method you can prove that is with card present accounts as the customer has to swipe the card in the vendors process and can be asked for the identification if needed.…