Monday, July 27, 2015

The History of Toyota

Toyota is one of the best car selling companies in the world. TMC (Toyota Motor Corporation) was established in Tokyo, Japan. The company was founded in the year 1937 by a successful businessman - Mr. Kiichiro Toyoda.

The company is a corporation in the Toyota City in Tokyo. Some say that the company is not one of the best companies but the only best and the largest motor making company in the world. Today, there are more than 317,000 people working in this company as its dedicated employees. The world has seen its triumph soon after the World War and the cars that were created by this company were really amazing and there is no doubt about it. It was the year 1934 when Toyota Industries created its first ever product by the name Type A engine which rocked the market of automobiles. Ford and many other well known companies knew that they got their rival and competitor.

The company did not stop creating anything and they kept on creating more and more powerful things without stopping. In the year 1936, Toyota created a history by introducing a new passenger car- Toyota AA. Toyota also has other brands which are very famous worldwide and are known as Scion and Lexus. These cars have great deals and they have majority of their shareholdings in Daihatsu and Hino Motors. Did you know? The company alone holds about 522 subsidiaries, and this makes the company the largest automaker in the world.

Besides making cars, the company also has its wings in other sectors such as financial sector. The name of this branch is Division Toyota Financial Services. This company also plays a crucial role in financial sector and gives loans and financial assistance to the people who are in need of capital. Toyota Group is the largest group of industries in the world.

However, Toyota motors limited has seen a huge loss of about 5 billion US dollars due to internal issues. After the financial crisis that happened due to American people, Toyota lost a lot of shares and stakes and money between the years 2007-2009. The recession that happened in the world was mainly due to Americans who did not pay their loans and taxes back to the country. Japan blamed America for doing such a cheap thing and people of America have gulped the money that other people gave as taxes. After gulping down, they kept mum and the whole world started suffering. Mr. Toyoda was traced quoting, "Americans are selfish, and indeed the world is suffering. God knows when they will think about others other than filling their own stomachs by snatching other's work". However, this was rubbished as a rumor but people still do believe that it did affect everyone.

Why Do I Need To Have Car Insurance?

Auto Insurance is a mandatory product by law for all car owners. Car owners may opt for a third party insurance or a comprehensive cover. Third party insurance is the minimum requirement for driving the car on road; however there are several benefits of a comprehensive cover. It covers the losses occurred due to own damage of car or injury to you or your passengers. In addition to this it covers theft losses and other perils (fire, Act of God perils, cyclone, terrorism, etc.) arising due to unforeseen circumstances.

First and foremost, UK road users need to have a basic level of insurance to indemnify third parties. This has been law since 1930, and was updated in the Road Traffic Act 1988. The law provides that you must have some kind of insurance or protection against their liability to third parties (which could mean other road users or pedestrians) in the event that personal injury is inflicted upon them, or that their property is damaged, as a result of your use of the road. In simple terms, other people deserve to be protected against any fallout that may result from your use of a vehicle. Being insured will protect unwitting parties therefore against costs incurred due to injury, damage to their vehicle, and legal costs.

When you sign a contract for an auto insurance policy, the insurance company agrees to provide you with a shared liability for specific losses or risks mentioned in the policy contract. The coverage limits and an indication of the chances of dangerous occurrences such as terrorism are mentioned in the insurance agreement.

It is normal procedure for you to pay auto insurance premiums once a month, once a year, or once every three months. There are varied and flexible plans offered by auto insurance companies; the policies cover only the events or financial losses mentioned in them. An auto insurance provider is liable for coverage in the amount listed in the policy if there is an accident and the losses are great. Auto insurance coverage usually includes theft, vandalism, property damages due to an accident, and destruction of the vehicle from an accident or a natural disaster like a storm and maybe a flood. According to the auto policy agreement, you are entitled to get complete coverage for your losses when you are involved in an accident even though the claims cost more than the premiums you pay.

Car insurance is one of those annoying expenses in our lives that has no immediately apparent benefit, unlike the cost of a meal in a nice restaurant or the purchase of new music CD. State laws require it and we know deep down we should have it, but that doesn't make it easier to pay for it. Of course, it can bring some peace of mind knowing that we are protected financially if bad things happen. And there is nobody who denies being happy they have insurance when bad things do happen.

It is a hard learned fact that things these days are not the way they used to be. Gone are the times when you could hop in your hot rod, turn the ignition, and be off on the open road. Modern people have a lot more to think about. Buckle up, get your smog checked, makes sure your lights and signals are all working: today there are a lot more things to consider when driving a car-much more than in the past.

While it might be tempting to opt for the cheapest deal, doing so could leave you seriously out of pocket in the event of a claim. Or it could even leave you uninsured. The cheapest level of cover you can buy is third party insurance. It only covers damage or injury to other people and their property, caused by you. In the event of an accident you will have to meet the cost of damage to your own car.

The prospect of a more competitive insurance market offers the potential for significant consumer gains. As early as 1973 Professor Joskow at Massachusetts Institute for Technology demonstrated that markets for insurance had no characteristics suggesting a need for regulation. To varying degrees, states are evaluating the possibility of increasing the degree of competition in the insurance industry. Technological advances, financial services deregulation, and more effective risk management tools have compelled many states to reconsider the role of competition.

Kentucky has a population of over four million people and is a state sometimes associated with horse racing, bluegrass music and some fine whiskey distilleries. Not to mention traffic! Two of the state's most populated cities, Louisville and Lexington, are high traffic areas. While you might try riding a horse without insurance, driving a car is a much bigger risk.

Why do we need Kentucky Auto Insurance? Well if the reasons stated above don’t help with that decision then the other reason is that auto insurance is not only the law in Kentucky but it is also the law in every state in the US. Kentucky Auto Insurance requires that all drivers hold a minimum of $25,000 of bodily injury per person in other vehicles, $50,000 per accident and $10,000.00 in property damage. Is this enough? The answer is NO. As stated above there are so many drivers without Auto Insurance in Kentucky, if you should have an accident with these coverage’s you could find yourself in the poor house. If you have an at fault accident in Kentucky and only have the state minimum you could be out of pocket not only thousands but even millions of dollars.

If you are the owner of a car then you have to get insurance - It’s a legal requirement! It is a serious offence to drive without insurance and you run the risk of getting points on your licence and being fined. If you didn't get insurance in the first place you’ll end up paying considerably more when you come to get it because you’re deemed a higher risk after avoiding buying it and being caught and fined!

Insurance will pay the costs, dependant on your level of cover if you are in an accident and your vehicle is damaged. Other people’s property will also be covered against any damage you may cause. Other road users and pedestrians, as well as your property are protected by car insurance and this is the main reason we have insurance.

The reason we compare car insurance quotes from multiple car insurance companies is to make sure we‘re getting the best rates possible. Of course nobody wants to pay more money than they have to, but in the other hand we also want to make sure that our car insurance company is going to respond quickly and fairly in case of an accident.

What is unknown to many is that there is not one single car insurance company that is cheaper than others. One particular car insurance company can be the cheapest for one person but the most expensive for another. Each car insurance company has a certain category of drivers they want to insure. If you fit their category they will offer you a cheap rate, if you don’t, they will offer you an expensive rate. That is their way of filtering the people they want and do not want to insure. That is the reason we need to compare insurance rates from multiple car insurance companies, to find out which company will offer us the cheapest rate. The key is to find the company that offers the cheapest rate for you, but of course, it is important to compare rates from quality companies only.

Why Do We Need So Many Different Types Of Insurance?

For a lot of us, it is exceedingly difficult to justify spending money on something that we will probably never use. But we all do it and we do it more often than we would like. Yes, we all spend large amounts of money on insurance even though we all know that we will probably never use it for anything. While it is true that health insurance and dental insurance do indeed come in handy, it is much more difficult to see the reasoning behind dropping thousands of dollars each year on home and auto insurance.

So why do we spend so much money each year on home and auto insurance when we will probably never end up using it? The answer lies in a seemingly simple series of questions.

Some make the decision to have an insurance based on the family, that is they want to protect their family against death, illness, disability and any cost affected by the accidents. For example, if we die, insurance will provide a surviving spouse and our children. It can help our family to cover the living cost.

Why do I need car insurance? The obvious answer to that question in Canada or the United States is very simple. It is the law! If you own a vehicle that is being driven by someone, even if it is not you, the vehicle must be insured. The main reason for the law is to guard against drivers causing injury to others and having no reasonable means to compensate the injured party financially.

Further, most, if not all, Canadian and American insurance companies have a minimum liability. In today’s standards, a million dollar liability does not go very far if someone is injured or there is major public damage. To prevent buyers from choosing cheap, mediocre insurance, a minimum is usually required by the insurer and possibly the province or state.

We have come to an age where insurance policies have become an integrated part of our lives. Insurance acts as a shield that protects us from the contingent financial losses from the unfortunate events of the future.

The life insurance policy covers the risks associated with the life of the policy holder. The insurer promises to cover the financial losses attached with the untimely death of the insured. The benefits of the policy are then paid to the family of the decedent insured in lump sum or in the form of annuity.

I understand why we need to have proof of ownership of our cars so if we are pulled over we can prove it’s our car. But why do I get a ticket for not having proof of insurance? The only reason we have insurance is so we don’t have to pay when we get in an accident that isn’t our fault, as long as the contract covers it. But if I have the money to pay for any accident I’m in, both my expenses and the other parties involved, then why do I have to have insurance?

We are living in a world with skyrocketing growth in population especially in the developing nations like India and China (top 2 population countries). We have also been on our way towards global development. Automobile has been one of the industries continuously on the track of consistent growth. Number of cars on road is always increasing which makes crashes a very realistic possibility. Even if you are a very safe driver it’s not possible to avoid accidents completely. Accidents result into emotional and financial trauma. Although we can not compensate the emotional set back, still we can compensate our financial losses with Auto Insurance.

As the economy has evolved, insurance markets have become more diversified, more efficient, and more accurate in assessing risk. Today, consumers have a wide variety of options when shopping for insurance, which has become a major industry in the United States, with revenues of roughly $800 billion and net income of around $40 billion annually. Numerous brokers and agents supply a wide variety of products to meet the needs of consumers. At the same time, insurance instruments are available from a greater number of sources, including self-insurance and financial services providers. Where allowed, competition has generated the results that would be expected in any competitive market - lower prices, a wider variety of goods and services, and more fully informed producers and consumers who can make more knowledgeable decisions about the insurance products they need. Nonetheless, insurance markets in most states remain heavily regulated, which raises costs for consumers.