Author: Shield Insurance Agency

Hybrid or Electric? Pros and Cons of Alternative Fuel Vehicles

Hybrid or Electric? Pros and Cons of Alternative Fuel Vehicles

Posted on by Shield Insurance Agency

Nationwide | December 12, 2022 | Hybrid | Auto Insurance | Start A Quote Today

More hybrid and electric vehicles are taking to the roads. Can you tell the difference between them? Each has advantages and disadvantages based on the purchase price, cost of ownership, maintenance, and power. If you’re considering an alternative to the internal combustion engine, the info below may help you understand the pros and cons of hybrid and electric vehicles (EVs).

What is a hybrid car?

A hybrid car is a vehicle that uses two or more distinct power sources to move, such as gasoline engines and electric motors.

Pros and Cons of Hybrid Cars

Pros of Hybrid CarsCons of Hybrid Cars
Fuel-efficiency 
According to the U.S. Department of Energy, a plug-in hybrid electric vehicle typically uses 30 to 60% less fuel than traditional automobiles. [1] Fewer trips to the pump can save you a significant amount of money over time, especially if you have a long commute.
Less greenhouse emissions from the vehicle 
Hybrids that plugin generally produce less greenhouse emissions than gas-only vehicles. However, the type of power plant in your area is also a part of the larger greenhouse gas emissions equation. Recharging a vehicle requires electricity, and the source and cleanliness of that electricity may differ greatly. [1]
Tax breaks 
Various income tax credit programs motivate drivers to buy hybrid cars. [1a] Other incentives may include vehicle registration savings, discounts on excise taxes, and extra income tax rebates.


Higher purchase cost 
While you may save on gas, the initial cost of a hybrid is generally higher than a traditional gas-only vehicle. [2]
Expensive maintenance 
Hybrids are generally more costly to repair because of complex dual combustion systems. Not all repair shops have the proper equipment; services may have to be performed by the manufacturer. [2]
Less power 
Hybrids’ smaller internal combustion engines and lighter weight help maximize efficiency but can reduce acceleration. [2]
Gasoline is required 
Depending on the type of hybrid you purchase, only some can travel long distances without refueling. [3] Some may perceive this as a disadvantage vs the alternative full-electric vehicles.

What is an electric car?

An electric vehicle has a battery as its power source, as opposed to a gas tank. And the battery powers an electric motor, not an internal combustion engine, as in a traditional vehicle.

Pros and Cons of Electric Cars

Pros of Electric CarsCons of Electric Cars
Energy efficient 
According to the U.S. Department of Energy, electric vehicles typically convert 77% of the electrical energy from the grid to power the wheels, compared to conventional gas vehicles, which typically convert 12% to 30% of the energy stored in gasoline to power at the wheels. [4]
Less maintenance 
Electric motors have fewer moving parts than internal combustion engines, so they’re often easier to maintain. They also don’t require oil, so no more oil changes. And brakes wear much slower thanks to regenerative braking systems. [5]
Direct Emissions 
With no exhaust system, electric cars typically have zero emissions. Their rechargeable batteries are also almost 100% recyclable. However, recharging a plug-in electric vehicle requires electricity, and the source and cleanliness of that electricity may differ greatly. [1]

Shorter driving distance and fewer charging locations
The range of EVs has improved greatly, but it’s still generally lower than gas-powered vehicles with larger tanks. And with fewer charging locations, it can be more difficult to plan a longer trip.
Long recharge time
Recharge time and how much of a charge a vehicle needs depends on a number of variables. But several hours can be needed to fully recharge an EV compared to filling up at the gas pump in a few minutes.
Anxiety 
Due to the limited range and shortage of recharging stations, you may be constantly concerned about running out of power.
Expensive battery
The cost of a typical battery replacement could reach $10,000 or more, which is on par with a gas engine in traditional cars. [6]

In choosing the right vehicle, consider budget, passenger load, and geographic location. Whatever type of car you choose, ensure you have the right car insurance to help protect yourself and your car. Have peace of mind while you’re on the road and get a free car insurance quote today.

Sources:

[1] “Plug-in Hybrids,” fueleconomy.gov/feg/phevtech.shtml (accessed Sept. 19, 2022).

[1a] “Federal Tax Credits for New All-Electric and Plug-in Hybrid Vehicles,“ fueleconomy.gov/feg/taxevb.shtml (accessed Nov. 23, 2022).

[2] “What Are The Disadvantages Of A Hybrid Car?,” jdpower.com/cars/shopping-guides/what-are-the-disadvantages-of-a-hybrid-car (accessed Nov. 23, 2022).

[3] “Hybrid vs. Electric Cars: Advantages and Disadvantages,” evcharging.enelx.com/resources/blog/741-hybrid-vs-electric-cars-advantages-and-disadvantages (April 20, 2021).

[4] “All-Electric Vehicles,” fueleconomy.gov/feg/evtech.shtml (accessed on Sept. 9, 2022).

[5] “Maintenance and Safety of Electric Vehicles,” afdc.energy.gov/vehicles/electric_maintenance.html (accessed Nov. 23, 2022).

[6] “How Much Do EV Batteries Cost?” autoweek.com/news/a38658350/how-much-do-ev-batteries-cost (July 1, 2022).

Disclaimer:
The information included here is designed for informational purposes only. It is not legal, tax, financial, or any other advice, nor is it a substitute for such advice. The information may not apply to your specific situation. We have tried to make sure the information is accurate, but it could be outdated or even inaccurate in parts. It is the reader’s responsibility to comply with any applicable local, state, or federal regulations. Nationwide Mutual Insurance Company, its affiliates, and their employees make no warranties about the information nor guarantee of results, and they assume no liability in connection with the information provided. Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2022 Nationwide and Shield Insurance Agency.

More interesting blogs from Shield Insurance Agency

Read More
Fireplace Safety Tips

Fireplace Safety Tips

Posted on by Shield Insurance Agency

Foremost Blog | August 26, 2021 | Fireplace Safety | Home Insurance | Start a quote today!

As the weather gets colder and your fireplace becomes more than a decorative focal point, be sure it’s up for the task of keeping your family warm and toasty – and safe. Our list will help you keep track of proper maintenance and make sure your fireplace is ready for regular use this winter.

Inspect the fireplace and chimney

Have a professional inspect and clean your fireplace and chimney each year before you begin using it for the season. If you’re using a gas or wood fireplace, open the chimney flue prior to starting the fire to let fresh air feed the flames and allow smoke to exit. Close the flue once the fire is put out.

It’s also important to keep the area surrounding the fireplace free from flammable objects. Be extra cautious of this during the holidays. Keep decorations and stockings a safe distance away from a fire and don’t ever use your fireplace to burn Christmas trees or wrapping paper. Pine boughs and paper burn intensely and can lead to a roof or chimney fire.

Gas fireplace safety tips

Gas fireplaces are exceedingly popular for their efficiency and cleaner burning properties. Enjoy them safely by acknowledging the following safety conditions:

Know your clearance zone. Many gas fireplaces have technology that makes it safe to place electronics and décor near the fireplace or on the mantle. However, certain items should never be placed within your fireplace’s clearance zone. These items include paper items like books, newspapers, and magazines; fabrics, like blankets or drapes; and wood.

Proper ventilation is key. Natural gas and carbon monoxide can kill. Make sure your flue and vents are all functioning properly.

Maintain your safety barrier. Whether it’s glass or metal, keep your safety screen in excellent condition. This will prevent flames or burning material from getting out of your fireplace, and keep flammable items from getting in.

Electric fireplace safety tips

Electric fireplaces make it possible to have a fireplace in a location that wouldn’t normally be able to fit one. The flame isn’t real, but that doesn’t mean they are without risk. As a source of heat, an electric fireplace should always be treated with care. In addition to maintaining the clearance zone discussed above, observe the following safety tips when using an electric fireplace.

Use proper cords. Many companies do not recommend using extension cords for electric fireplaces. Some will allow grounded, heavy-duty cords that are the appropriate gauge and wattage rating. Make sure to follow your manufacturer’s specific guidelines to ensure your safety.

Plug into an appropriate socket. An electric fireplace is essentially a forced air heater, and it is subject to the restrictions of a standard household socket, wiring, and fuse box. Be sure not to draw more power from your socket than it can handle, or else you run the risk of starting a real fire.

Wood fireplace safety tips

Replaced by more efficient, cleaner, and safer options, wood fireplaces are less popular than they have been in the past. However, it’s difficult to deny the ambiance of a crackling fire with real burning wood.

Consider what type of fire you want so that you can select the right type of wood. If the fire is more for aesthetics, lighter wood or a synthetic log are good choices. If your fireplace is being used for heat, oak or ash may be a better fit, since they’re heavier and burn hotter.

  • Avoid using wood from recently cut trees. They contain high levels of moisture, which can lead to more smoke and deposits forming inside the chimney.
  • Synthetic logs can burn unevenly, so be careful when using them. Even though they’re not real wood, the flue should still be open for proper ventilation as they still produce carbon monoxide.
  • Wood should be seasoned and dry – appear darker, have cracks at the ends, and will sound hollow when hit against another piece of wood.
  • Have a metal container handy when removing and storing hot ashes. Store it outside at a safe distance from your home, since embers and ashes can stay hot for a while.
  • Start your fire with newspaper, dry kindling, or organic fire starters. Never use gasoline, kerosene or charcoal starter.
  • Use a stainless steel liner to help keep the fire and ashes contained.
  • Install heat-proof glass doors to keep live embers from escaping the fireplace.
  • Look for signs of creosote and soot buildup. Creosote is a dark substance that can accumulate if the wood isn’t burning completely. It’s a highly flammable fuel and can burn at about 2000°F. Soot, which can also be flammable, is softer than creosote. Both should be cleaned out of the chimney regularly.

With these fireplace tips, you can help ensure that a cozy fire will be a safe and welcome addition to a chilly winter season.

More interesting blog articles by Shield Insurance

Read More
Should You Lease or Buy a Car?

Should You Lease or Buy a Car?

Posted on by Shield Insurance Agency

Foremost Insurance Blog | February 22, 2023 | Lease | Auto Insurance | Start A Quote Today!

You may be debating whether to lease or buy if you’re in the market for a new car. It’s considered one of the most significant decisions most people will ever make, so it is essential to take your time and consider both choices from all angles. To help you with this milestone, we will explore the pros and cons of leasing vs. buying a car.

What is a car lease?

Leasing a car is like renting a car for a long-term contractual period. You are locked into the deal for a certain number of months and a monthly payment. Instead of paying a loan and building equity like you would if you purchased a car, you are paying for the car’s estimated depreciation during your lease. [1]

Is there a difference between financing and obtaining a car lease?

The main difference between financing and leasing a car is the end result. When financing a car, you are borrowing money from a bank, finance company, or credit union to slowly purchase your car over a certain period of time. When leasing a car, you are paying for the right to use the vehicle for a defined amount of time and miles. The monthly payments on a lease are usually lower than the monthly payments if you bought the same car. When the lease ends, you must return the car unless the lease agreement lets you buy it. [2]

What happens after a car lease ends?

When your vehicle lease ends, you have three options. First, you can trade it in and replace your old lease with a new lease for a different car. If you don’t want to lease another vehicle or would rather buy your next vehicle, you can simply walk away. Finally, if you like the car you’ve been leasing, you can purchase it. The purchase price for the car will be listed in your lease agreement, so you can shop around and compare prices. As you near the end of your lease, you may start hearing from the dealership to find out how you want to proceed. Be sure to take your time to consider each option to find the right fit for you. [3]

Pros of a car lease

Lower monthly payments

A lease can ease the financial burden of monthly costs due to the smaller down payment compared with buying. This could mean opting for a more luxurious car than you could otherwise afford.

Worry-free maintenance

Many cars come with a warranty that lasts at least three years, so many of the repairs may be covered in a 3-year lease.

No resale concerns

Because you’re only leasing, simply return the car at the end of the lease. Keep in mind you may have end-of-lease fees, including those for abnormal wear and tear or additional mileage on the car.

Freedom to drive a new car every few years

When your lease is up, you can return your car and get another new one. By leasing, you get the latest advances in car technology every few years. [4]

Cons of a car lease

Mileage requirements

Most leases permit a certain amount of mileage on the car (typically 10,000 to 15,000 miles per year), and exceeding this mileage can result in fees.

Fees and other costs

While the monthly cost you pay for leasing a car is much lower, there are other fees that come with leasing a car. This includes fees for modifications to the car, excess wear and tear, an early termination fee if you terminate the lease early, an acquisition fee, and more.

Constant monthly payments

When your lease ends, you’ll need to start a new one, meaning you’ll always have a car payment. [4]

If you like always driving the latest models or don’t have the credit or money to buy a new car, leasing may be a smart option.

Pros of buying a car

Ownership

Whenever you have paid off your loan, the car is yours outright. You have the option to continue driving the car until it wears out, sell it to someone, or trade it into a car dealership for credit on another purchase.

Freedom to customize

You have complete control over how you improve or modify your car.

No restrictions

Unlike leasing a car, you’re not on the hook for excessive mileage or abnormal wear and tear fees. Because you own it, you pay for services and repairs on your timeline. [4]

Cons of buying a car vs a lease

Higher monthly payments

If you lease your car, the monthly payments will typically be lower than new car payments for the same vehicle.

Rapid depreciation

New cars can lose 15% to 25% of their value in the first five years of ownership. [4]

Large down payment

If you want better odds of getting approved for a loan, you might want to offer a larger down payment. For example, a 20% down payment for a $25,000 car would be about $5,000. Leasing your vehicle would allow you to keep at least some of that upfront cash.

If you plan to keep your car for a long time, modify it or drive a lot of miles, it makes more sense to buy.

Things to consider when car shopping

Before deciding whether to buy or lease a new or used car, make sure to do your research, especially if it’s your first time buying a car. Some things to consider are your budget, each car’s safety features, maintenance costs, and more.

What documents do I need to lease or buy a car?

When you go to the dealership to buy or lease a vehicle, here are the suggested documents to bring:

1. Valid driver’s license

2. Proof of residency (utility bill, bank statement, etc.)

3. Proof of income (pay stub) [5]

After considering all the pros and cons of buying or leasing a car and coming to your decision, don’t forget about insuring your vehicle with Shield Insurance.

Sources:

[1] “Car Leasing Guide: How to Lease a Vehicle,” Kelley Blue Book, kbb.com/car-advice/car-leasing-guide (July 8, 2022).

[2] “Financing or Leasing a Car,” consumer.ftc.gov/articles/financing-or-leasing-car (July, 2022).

[3] “The basics of a car lease agreement,” bankrate.com/loans/auto-loans/what-are-the-basic-elements-of-a-car-lease-agreement (Oct. 13, 2022).

[4] “Pros and Cons of Leasing or Buying a Car,” investopedia.com/articles/personal-finance/012715/when-leasing-car-better-buying.asp (Aug. 9, 2022).

[5] “What Documents Should I Have on Hand When Leasing a Car?” myautolux.com/blog/what-documents-should-i-have-on-hand-when-leasing-a-car (accessed Dec. 15, 2022).

Disclaimer:

The information included here is designed for informational purposes only. It is not legal, tax, financial or any other sort of advice, nor is it a substitute for such advice. The information may not apply to your specific situation. We have tried to make sure the information is accurate, but it could be outdated or even inaccurate in parts. It is the reader’s responsibility to comply with any applicable local, state, or federal regulations. Nationwide Mutual Insurance Company, its affiliates, and their employees make no warranties about the information nor guarantee of results, and they assume no liability in connection with the information provided. Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2022 Nationwide and Shield Insurance Agency.

More great blogs by Shield Insurance

Read More
How to Prevent Car Theft

How to Prevent Car Theft

Posted on by Shield Insurance Agency

Nationwide | April 20, 2023 | Car Theft | Auto Insurance | Start A Quote Today!

How common is car theft? According to estimates from the National Insurance Crime Bureau, there were more than 745,000 motor vehicle thefts in the first nine months of 2022 in the U.S. [1] [2] And when citizens are targeted in the most potentially dangerous of these crimes – carjacking – the attacker succeeds in roughly half of all attempts, according to the U.S. Department of Justice.

To find out how to prevent carjacking and car theft, read on.

1. Don’t leave valuables in your car

You don’t display your cash, financial statements, and jewelry in your home’s windows, do you? So why would you do the same in your car? Instead, hide any valuables, including purses, computer bags, and the ignition key. You’d be surprised how often people don’t.

According to the National Insurance Crime Bureau, between 2019 and 2022, more than 100,000 reported vehicle thefts were facilitated by keys, including situations where keys were left inside the vehicle. [3] One-fourth left a purse or wallet inside, and one-third have left bank statements. In addition, one-third say they’ve kept their vehicle running while unoccupied.

2. Park in a well-lit area to prevent car theft

Not everyone has a garage. But many have the option of parking on a well-lit street – another deterrent for crooks. Also, etch the vehicle identification number on windows to discourage thieves from stealing the vehicle and selling it to a chop shop.

3. Lock your vehicle doors to prevent car theft

The minute you step into an automobile, you’re vulnerable. So lock up right away, before starting the ignition or setting up your music, GPS, etc. (Buckling up is the second “to do.”)

4. Don’t leave your keys in the car to prevent car theft

“It’ll just be for a second, I’m only running into the store for a couple of things.”

Unfortunately, “a second” is all a thief will need if you leave the keys in the car for them. So always take your keys with you no matter where or how briefly you’ll be out of your vehicle. It sounds obvious, but this is one of the most important ways to prevent car theft.

5. Stay alert

Staying alert is the best example of how to prevent carjacking. When stopped or slowed down, you increase the opportunity for a carjacker. So at traffic lights, exercise caution. “When stopped in traffic, leave enough space to move forward,” says Brent O’Bryan, vice president of learning and development for AlliedBarton Security Services, a physical security firm. [4]

6. Know where you’re going

Just as you want to stay in well-lit areas while parking, you don’t want to “hide” in the darkness while driving. “Don’t head into remote or unfamiliar areas,” O’Bryan says. “If you feel like you’re being followed, don’t drive home. Don’t park next to a vehicle such as a van which could be hiding a suspect.” [4]

7. Install an anti-theft system

If someone tries to break into your car, you’ll want to make it apparent to anyone in earshot that this has occurred. Anti-theft systems emit loud alarms when they detect forced entry into your vehicle, alerting anyone nearby and potentially scaring the would-be thief from sticking around. You can also install a GPS tracking system that will show the location of your vehicle if the thief successfully makes off with it.

Having an anti-theft device in your vehicle may earn you a discount on your car insurance.

8. Stay cool during a crisis

Even if you take every precaution, you could still get involved in carjacking. If so, your and your passengers’ safety remains the top priority. Stay calm – if you panic, it’s more likely a criminal will too. “Never argue; give up your car,” O’Bryan says. “Get away from the area as quickly as possible. Note the suspect’s appearance, and immediately report it to the police.” [4]

Most commonly stolen cars

You might expect thieves to go for the glitziest, most expensive-looking cars they can find, but the trouble with those vehicles is that they stand out in a crowd. No car thief wants to be seen after they make their getaway, so the most commonly stolen cars are some of the most widely owned models. Ford F-series pickup trucks and Honda Civics have been US frequently targeted for this precise reason. In 2021, cars like Civics were also popular because they share parts with other Hondas, making them valuable for stripping and selling. [5]

More recently, in a 2022 HLDI study, 2019-2021 models of Dodge Chargers topped the charts for most stolen vehicles. [6]

What cars are targeted for catalytic converter theft?

Certain vehicles are also being singled out to steal their catalytic converters. Hybrid cars like the Toyota Prius use expensive metals to construct their catalytic converters, making them prime targets. [7] Thieves will steal the catalytic converter and sell it for the value of its metal.

Does insurance cover car theft?

So, you took all the precautions, but someone managed to make off with your car anyway. Are you covered? It depends on your policy. Comprehensive policies will typically cover theft. However, policies like liability insurance do not.

Learn more about what your car insurance will cover in the event of car theft.

Sources:

[1] https://www.nicb.org/news/news-releases/over-745000-stolen-vehicles-reported-so-far-2022, Accessed April 2023.

[2] https://www.cbsnews.com/news/auto-thefts-carjackings-major-u-s-cities-spike-new-report/, Accessed April 2023.

[3] https://www.prnewswire.com/news-releases/vehicles-stolen-with-keys-left-inside-on-the-rise-301731304.html, Accessed April 2023.

[4] Nationwide Interview with Brent O’Bryan, 2016.

[5] https://www.cars.com/articles/these-vehicles-are-most-vulnerable-to-theft-says-iihs-457296/, Accessed April 2023..

[6] https://www.moneygeek.com/insurance/auto/most-stolen-cars-in-america/, Accessed April 2023.

[7] khou.com/article/news/how-to-prevent-yourself-from-becoming-the-latest-victim-of-catalytic-converter-thefts/285-d978572e-c12a-4142-b331-c782201b082b, Accessed August 2021.

Disclaimer:
The information included is designed for informational purposes only. It is not legal, tax, financial or any other sort of advice, nor is it a substitute for such advice. The information may not apply to your specific situation. We have tried to make sure the information is accurate, but it could be outdated or even inaccurate in parts. It is the reader’s responsibility to comply with any applicable local, state, or federal regulations. Nationwide Mutual Insurance Company, its affiliates and their employees make no warranties about the information nor guarantee of results, and they assume no liability in connection with the information provided. Nationwide, Nationwide is on your side, and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2021 Nationwide and Shield Insurance Agency.

Read More
Performing acts of kindness, even anonymously, releases endorphins that make you feel good and increase your self-esteem. But what about the far-reaching impact of kindness on the recipients?

Award Winning Documentary About Kindness

Posted on by Shield Insurance Agency

Award Winning Documentary About Kindness Features Ben Affleck, Lady Gaga, Garth Brooks And More

Sunnu Skyz | April 16, 2023 | Kindness | Shield Insurance Agency | Start a Quote Today!

Performing acts of kindness, even anonymously, releases endorphins that make you feel good and increase your self-esteem. But what about the far-reaching impact of kindness on the recipients?

In the new documentary Case For Kindness, award-winning filmmaker Steven Sawalich interviews celebrities and everyday people to find real life moments where kindness made a huge difference.

“This groundbreaking humanitarian documentary is a journey around the United States in an effort to better understand the importance of kindness and its impact on our culture and society. Through interviews with scientific experts, world and thought leaders, we delve deeper into the science behind kindness from its evolutionary beginnings to its modern day impact. Along the way we highlight inspiring acts of kindness changing communities and perceptions around the county.”

Case For Kindness has won dozens of awards as it continues to circulate film festivals around the world, including Best Picture, Best Documentary, and Best Director.

“I’ve traveled to 126 countries without knowing a lot of the culture and people and language in many, and the thing that bound us together was kindness,” Sawalich told Forbes in an interview. “I looked at the state of the world and at film, and there weren’t a lot of things about kindness. There’s a lot of things about happiness. And I’ve always looked at is as, Happiness is for the individual, and kindness is for the whole group.”

The film features interviews with Ben Affleck, Lady Gaga, Garth Brooks, Trisha Yearwood and more.

Referencing Lady Gaga’s organization The Born This Way Foundation and its Channel Kindness initiative, Sawalich said, “I like that they used to be about anti-bullying and now they are about kindness. I remember Mother Teresa said she would never attend an anti-war rally but would attend a peace rally, and that’s what Lady Gaga did to shift their organization into a positive space.”

In addition to kindness, Sawalich says community it a theme throughout the film.

“If you can help the life a person, you help their family, and if you help their family you help the community. We’re not meant to be isolated—that was an important theme throughout,” he said.

Watch the trailer for Case For Kindness below.

More blogs by Shield Insurance Agency

Read More
Failing to properly maintain your washing machine can result in expensive repairs and a shorter life overall for your appliance. Certain problems such as hose malfunctions can also result in water damage to areas of your home surrounding the washer.

8 Washing Machine Maintenance Tips

Posted on by Shield Insurance Agency

Nationwide | September 15, 2021 | Washing Machine | Home Insurance | Start A quote today!

Washing machines provide homeowners with endless utility. The ability to wash everything from clothes to bedding at home with minimal effort is life-changing. But most don’t realize there is a laundry list of washing machine maintenance boxes to check. Failing to properly maintain your washing machine can result in expensive repairs and a shorter life overall for your appliance. Certain problems such as hose malfunctions can also result in water damage to areas of your home surrounding the washer.

That said, much of washing machine maintenance boils down to proper usage of the appliance and some regular cleaning and checking of its important features. Let’s get into eight easy washing machine care tips to keep yours operating safely and effectively.

1. Check the hoses of the Washing Machine

Water damage in homes is often caused by the washing machine leaking. When the washer is the culprit, that leak can frequently be traced to the hoses. The wear and tear of regular use cause traditional rubber hoses to lose flexibility over time, and water will ultimately win that battle. You should check your hoses for cracks, blistering, or kinks every few months to confirm that none of these warning signs have developed. If they have, it’s recommended that you replace the hose. Even if your hoses remain in good shape, you should still replace them every five years or so.1

2. Clean the lint filter of the Washing Machine

A clean washer filter is essential for a well-functioning washer! Most homeowners are familiar with the lint traps in their dryers and regularly clean them out in between cycles, but did you know your washer may have a lint filter too? Newer, high-efficiency models have self-cleaning pump filters for getting rid of lint, however, many washers have lint traps for filtering the general debris that comes out of clothes and other fabrics mid-wash. If your washer has a filter, you should check and clean it at least four times per year to ensure that debris doesn’t build up and cause mildew.2

3. Don’t overload the Washing Machine

Just a few more shirts, what could go wrong? Plenty! Overloading the washer is a common mistake many homeowners make with their washers. Oversized

loads add pressure that can throw the machine off balance mid-cycle and cause damage to various parts. Just remember: you can always do another load after this one!

4. Leave the washer door open after use

The inside of your washing machine doesn’t dry immediately after the cycle finishes. Moisture lingers for a while after you remove the load and closing the washer door can cause it to stick around even longer, eventually causing mold and mildew. Always leave your washer door open for at least 15-30 minutes after using it to help air circulate and dry the inside. You can also wipe down the gasket or rubber seal around the washer door to accelerate the process.

5. Use recommended laundry detergent

The detergent you use matters. Always check your washer’s manual to see which kinds of detergent are recommended. Detergents that are too heavy in alkaline can damage the machine and any clothes or other fabrics you load them with. This is particularly important with high-efficiency models. Powdered or high-efficiency detergent can be used with these models to minimize residue build-up. Using high-efficiency detergent can also save energy since less water is required to wash it away.2

6. Clean the washer

Even a washing machine needs to be cleaned sometimes to remove detergent residue, dirt, soap scum, and hard water build-up.3 Luckily, DIY solutions of white vinegar and baking soda can be used on most washers. Simply run a cycle on hot with the solution or use a self-cleaning cycle if your model has the option. This solution can be used as high efficient washer cleaner as well.

7. Clean the drain pump filter

If you notice your washer having trouble draining, it’s time to have a look at your drain pump filter. Debris can build up in the filter and cause the drain pump to clog, preventing your washer from draining properly between cycles. You can typically find the filter on the front of your machine, either in plain sight or behind a kick strip.5 Simply unscrew and pull it out to clean.

8. Keep your washing machine level

Keeping your washing machine on an uneven surface can unbalance it, causing it to rock and vibrate. In addition to being very loud, this can also damage various parts of your washer. Make sure that your machine is on a level surface, with all four legs firmly planted on the floor.

It’s easy to forget that the things we use to clean also need to be cleaned themselves from time to time. But if left unchecked, appliances like your washing machine and dryer can quickly go from a beloved appliance to an expensive repair. It’s best to take maintenance measures first, but when hoses burst or machines start causing unexpected damage to your home, it’s important to have homeowner’s insurance. Learn what coverage a homeowner’s policy provides against water-related damage.

1https://www.tlcplumbing.com/blog/preventing-washing-machine-hoses-bursting/, Accessed July 2021
2https://www.consumerreports.org/laundry/energy-saving-laundry-tips/, Accessed July 2021
3https://www.thespruce.com/how-to-clean-a-washer-lint-trap-2147322, Accessed July 2021
4https://simplegreen.com/cleaning-tips/rooms/laundry/high-efficiency-washing-machine/, Accessed July 2021
5https://www.ariel.in/en-in/washing-machine-101/how-to-use-a-washer/how-do-i-check-pump-filter, Accessed July 2021

Disclaimer:
The information included is designed for informational purposes only. It is not legal, tax, financial, or any other sort of advice, nor is it a substitute for such advice. The information may not apply to your specific situation. We have tried to make sure the information is accurate, but it could be outdated or even inaccurate in parts. It is the reader’s responsibility to comply with any applicable local, state, or federal regulations. Nationwide Mutual Insurance Company, its affiliates, and their employees make no warranties about the information nor guarantee of results, and they assume no liability in connection with the information provided. Nationwide, Nationwide is on your side, and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2021 Nationwide and Shield Insurance Agency

Read more articles by Shield Insurance Agency

Read More
Did you know that every year, the probability of your house getting struck by lightning is 1 in 2001? Luckily, the probability of you getting struck by lightning is only 1 in 500,0002, but that begs the question – what happens if your home is that 1 in 200?

Protect your house with a lightning protection system

Posted on by Shield Insurance Agency

Nationwide | March 14, 2022 | lightning | Home Insurance | Start A Quote Today!

What happens if lightning strikes your house

Did you know that every year, the probability of your house getting struck by lightning is 1 in 2001? Luckily, the probability of you getting struck by lightning is only 1 in 500,0002, but that begs the question – what happens if your home is that 1 in 200?

No one wants to think the worst can happen to them, but it’s important to be prepared in the instance lightning does strike because it can wreak havoc on your house, property, and family.

Lightning is extremely common across the U.S., and during severe storms, you can experience dozens of lightning strikes an hour. Lightning can strike just about anywhere, so how can you tell if lightning has struck your own home?

An average flash of lightning is around 300 million volts and 30,000 amps3 in strength. That can do some severe damage. If your home has been struck by lightning, you’ll likely experience the aftereffects almost immediately. These effects include:

  • Loud ‘boom’ that shakes the house
  • Power outage
  • Fire
  • A burning smell
  • Electrical buzzing
  • Charring
  • Holes in the roof/walls
  • Burnt electrical switches

If you notice any of these signs during a severe storm where lightning is present, it’s important to first call your emergency department to get the fire department and local authorities to your property immediately to ensure everyone is safe.

Once you’ve secured the safety of everyone in the house, you might be wondering what’s going to happen to your property – and you’re not alone. In 2021, there were over 71,0004 insurance claims filed in the U.S. for lightning losses. Luckily, most homeowners insurance policies cover lightning damages.

Nationwide offers comprehensive homeowners insurance coverage to give you peace of mind even during the most harrowing of circumstances.

However, there are steps you can take to protect your home against damaging lightning strikes.

What is a lightning protection system?

A lightning protection system is used to prevent property damage due to lightning. The system works by diverting the electric charge produced by the initial strike to the ground through the path of least resistance5.

An effective lightning protection system comprises four key compartments: copper air terminals, copper cables, copper-clad ground rods, and surge suppressors.

From the outside, the only visible aspect of the system is the lightning rods connected to the chimney or roof.

What are lightning rods?

Lightning rods are used to protect a house against damage from lightning strikes. It’s important to note that these rods don’t prevent lightning from striking, but work to divert the energy the lightning produces so it doesn’t damage your home or property.

Lightning rods must be connected to an accompanying lightning protection system to ensure maximum benefit from electrical surges and damage.

But lightning rods are just one key component of lightning protection.

Electrical surge protection

There are many steps you can take inside the home to protect against lightning damage. In many instances, lightning can cause electrical fires, so ensuring your outlets are protected is key to ensure your entire home is safe against detrimental lightning.

One way to do this is by installing a whole-home surge protector for appliances and electronics throughout the home in the case of voltage spikes. These surge protectors will limit the damaging effects of a power surge to ensure that your appliances don’t die or worse, catch fire.

Additional lightning protection tips

Thunderstorms are a common occurrence across the country, but that doesn’t mean you have to bear the brunt of weather damage.

Always make sure you take shelter during a storm if you aren’t already indoors. Being inside will keep you away from the most harmful aspects of a severe storm.

When you’re in the home, it’s important to avoid water, electronics, corded devices, concrete surface, windows, and doors6. These all provide easy access for lightning strikes to wreak havoc as electrical currents make their way to the ground.

Before your next storm, make sure to catch up on our thunderstorm tips so you can weather the storm with ease and peace of mind.

1http://lightningsafety.com/nlsi_pls/probability.html, Accessed Sep 2021
2https://www.cdc.gov/disasters/lightning/victimdata.html, Accessed Sep 2021
3https://www.weather.gov/safety/lightning-power/, Accessed Sep 2021
4https://www.iii.org/fact-statistic/facts-statistics-lightning, Accessed Sep 2021
5http://www.lightningsystemsofva.com/html/what.htm, Accessed Sep 2021
6https://www.cdc.gov/disasters/lightning/safetytips.html, Accessed Sep 2021

Disclaimer:
The information included is designed for informational purposes only. It is not legal, tax, financial or any other sort of advice, nor is it a substitute for such advice. The information may not apply to your specific situation. We have tried to make sure the information is accurate, but it could be outdated or even inaccurate in parts. It is the reader’s responsibility to comply with any applicable local, state, or federal regulations. Nationwide Mutual Insurance Company, its affiliates, and their employees make no warranties about the information nor guarantee of results, and they assume no liability in connection with the information provided. Nationwide, Nationwide is on your side, and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2022Nationwide and Shield Insurance Agency

More great blogs by Shield Insurance Agency

Read More
Tips for Road Trips with a Dog

Tips for Road Trips with a Dog

Posted on by Shield Insurance Agency

Nationwide Blog | September 13, 2022 | Road Trips | Pet Insurance | Start a Quote Today!

If you’ve ever considered bringing your dog on vacation, you probably know that flying with a pet can be difficult due to airline restrictions. When you hit the road with your pup by your side, you have much more flexibility and freedom for the furriest member of your family on the way to your final destination.

But it can take quite a bit of planning to keep your dog happy and safe in your car. Here are some tips for planning a dog-friendly vacation.

Understanding dog essentials for road trips

There are a few important items you’ll want to keep handy with your dog on board: [1]

  • Food, water, snacks, and pet bowls to keep your pup happy, fed, and hydrated
  • A blanket or pet bed that smells like home to keep your dog feeling cozy and comfortable throughout the vacation
  • A favorite toy or chewy to help your buddy stay entertained and free from stress
  • Medications, which can be prescribed by a veterinarian for your dog if they have anxiety in the car
  • Collars and leashes that you might need for any walks or hikes— you may need a variety if you’re working on leash training
  • Potty bags for when duty calls
  • Anything else? You know your dog best. Think of what you or your pet might be happy to have once you’re down the road.

Preparing your car for long road trips with your dog

Once you’ve packed everything on your pet travel checklist, you’ll want to make sure your car is dog-ready. There are several precautions to take in keeping your pup and car safe throughout the drive:

  • Consider crates, dog car barriers, or seat belt harnesses, which may be required in certain jurisdictions
  • Protect your car with seat covers
  • Have water readily available

Have a plan for when you have to leave your car during road trips

You’ll probably need to leave your car to get food or use the restroom. Have a plan in place for your dog during that time, whether it’s having other family members on the trip take turns keeping watch or identifying dog-friendly locations where you can keep your pup by your side.

Avoid leaving your dog in the car for extended periods unattended, particularly during the summer. Doing so can subject your dog to extreme temperatures, causing serious harm. [2]

Go on practice drives before you leave

Get your pup acclimated to spending an extended period of time in the car by going on practice drives.

Plan for stops to go on hikes and take walks

Do your research ahead of time to find dog-friendly places to stop for hikes and walks with your pup. Reviews and posted user-posted photos can help you decide which places will work best for you and your furry companion. [3]

Stop at a pet-friendly hotel for the night

If you’re wondering where to stay throughout your vacation, there are some safe, reliable pet-friendly hotel chains that can usually accommodate your pooch. Just make sure you take note of each location’s pet rules and policies before booking a reservation: [1]

  • Best Western
  • Choice Hotels
  • Extended Stay America
  • Four Seasons
  • Hampton Inn
  • Home 2 Suites by Hilton
  • Kimpton Hotels
  • Marriott
  • DoubleTree by Hilton
  • Motel 6
  • The Peninsula Hotels
  • Red Roof Inn
  • The Ritz-Carlton
  • Staypineapple
  • Westin

Now that you have everything you need to take your dog on the road, learn how you can get pet insurance to protect in case of accidents, injuries, and more.

Sources:

[1] “Pet-Friendly Hotels in the United States,” akc.org/expert-advice/home-living/a-guide-to-pet-friendly-hotel-chains-in-the-united-states (Accessed June 30, 2022).

[2] “How to Dog Proof Your Car,” blog.nationwide.com/dog-proofing-car (Accessed June 30, 2022).

[3] “Dog Friendly Hiking Trails in the United States,” https://www.bringfido.com/attraction/trails/region/united_states (Accessed June 30, 2022).

Disclaimer: The information included here is designed for informational purposes only. It is not legal, tax, financial, or any other sort of advice, nor is it a substitute for such advice. The information may not apply to your specific situation. We have tried to make sure the information is accurate, but it could be outdated or even inaccurate in parts. It is the reader’s responsibility to comply with any applicable local, state, or federal regulations. Nationwide Mutual Insurance Company, its affiliates, and their employees make no warranties about the information nor guarantee of results, and they assume no liability in connection with the information provided. Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2022 Nationwide and Shield Insurance

More interesting articles by Shield Insurance Agency

Read More
New vehicle shortages and supply chain issues aren’t the only things to blame for the recent spike in car prices. One of the main culprits is inflation.

How Does Inflation Affect Car Prices?

Posted on by Shield Insurance Agency

Nationwide Blog | December 13, 2022 | Car PRices | Auto Insurance | Start A Quote Today!

New vehicle shortages and supply chain issues aren’t the only things to blame for the recent spike in car prices. One of the main culprits is inflation. Consumer inflation soared to 7% in 2021, the highest it’s been in almost 40 years. [1]

Inflation is defined as a loss of purchasing power over time. Rising inflation can be impacted by rising consumer demand or other developments that have little to do with economic conditions, such as limited oil production and supply chain problems. [2]

How do dealerships price cars?

If you’re in the market for a new or used car, it can be confusing to know which price is fair. In order to understand how to negotiate, we must first look at the difference between the MSRP and invoice price. The manufacturer’s suggested retail price, or MSRP, is the price car manufacturers recommend dealerships sell their vehicles for. The invoice price, or the dealer price, is the amount a dealership pays the manufacturer. Car dealerships aren’t like traditional stores, however, and the MSRP is not the final price, but usually the starting point for negotiations. Depending on the demand for the model, you may end up paying the full MSRP, but you’ll almost always be able to negotiate with the dealership. [3]

How do car prices become inflated?

Car prices have helped push inflation sharply higher over the past year due to high demand and little to no availability. Demand has been so strong that automakers have been cracking down on dealers who charge above list price, threatening to withhold fresh inventory. Analysts had been hoping that chip shortages would ease up, but they’re predicting that we’ve got at least another year for the supply chain to heal if not more. If car prices keep climbing briskly, it’ll be hard for inflation overall to moderate. Buyers and dealers are desperate for more vehicles to sell, but they don’t see an abundance of inventory before 2023 and 2024. [2]

Are used car prices affected by inflation?

Used cars were unfortunately hit hardest by rising inflation. Due to pent-up demand for cars and supply issues, used car and truck prices rose more than 10% in April and June 2021. Inflation has soared to levels not seen since the 1980s, but the used vehicle prices that powered the initial surge are now falling back to earth. After months of extraordinarily large price hikes, it might finally be a good time for car buyers. If the supply of new cars recovers, that’ll probably alleviate supply pressures in the used-vehicle market as more cars are resold. [4]

Tips for buying a car

It can be overwhelming to start the process of buying a car, but we have a few tips for you.

  1. Determine your budget. Once you know how much you are willing to spend, you can start to narrow down the list of cars you want.
  2. Do the research. Start by visiting the websites of automakers and other car sites to get an idea of inventories and features available.
  3. Know the model price. Research the model invoice or wholesale price so you have a general idea of what the dealer paid.
  4. Go for a test drive. Make an appointment and take your time behind the wheel until you’re sure it’s the right fit for you.
  5. Negotiate a fair price. Check that the list of fees associated with the sale is accurate and not an unnecessary add-on.

Learn more tips on buying a new or used car the right way. [5]

Sources

[1] “Inflation is driving up car prices. 6 tips for buying in 2022,” cbsnews.com/news/inflation-new-used-car-prices-2022 (accessed July 8, 2022).

[2] “Few Cars, Lots of Customers: Why Autos Are an Inflation Risk,” nytimes.com/2022/04/10/business/economy/cars-inflation.html (accessed July 8, 2022).

[3] “Car MSRP vs. Invoice: Everything You Need to Know,” caranddriver.com/research/a31874008/car-msrp-vs-invoice (accessed July 8, 2022).

[4] “It’s finally a better time to buy a used car,” businessinsider.com/used-car-prices-market-good-time-buy-inflation-easing-2022-5 (accessed July 8, 2022).

[5] “How to Buy a New Car the Right Way,” blog.nationwide.com/tips-for-buying-a-new-car (accessed July 8, 2022).

Disclaimer:

The information included here is designed for informational purposes only. It is not legal, tax, financial or any other sort of advice, nor is it a substitute for such advice. The information may not apply to your specific situation. We have tried to make sure the information is accurate, but it could be outdated or even inaccurate in parts. It is the reader’s responsibility to comply with any applicable local, state or federal regulations. Nationwide Mutual Insurance Company, its affiliates, and their employees make no warranties about the information nor guarantee of results, and they assume no liability in connection with the information provided. Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2022 Nationwide and Shield Insurance

More interesting reads by Shield Insurance Agency

Read More
Fundamentals of Estate Planning

Fundamentals of Estate Planning

Posted on by Shield Insurance Agency

Nationwide Blog | October 07, 2022 | Estate Planning | Life Insurance | Start a quote today!

Key Takeaways for Estate Planning

  • Estate planning can be difficult to talk about—a 2021 Gallup poll showed that 64% of American adults working with a financial advisor have never discussed their estate plans with that advisor.
  • Distribution of assets plan can help ease your anxiety and broach the problematic subject of legacy planning with a trusted financial professional.
  • Familiarizing yourself with the 2 main types of trusts and how they are utilized can prepare you for conversations with your financial professional.

If you’ve put off estate planning due to the difficult nature of the topic, you are not alone. According to a 2021 Gallup poll, 64% of American adults working with a financial advisor have never discussed their estate plans with that advisor.

A common roadblock to having these conversations is the idea that estate planning is complex and possibly uncomfortable to talk about. It’s easy to think of estate planning as just wills, trusts, and advanced directives, but it’s so much more. There are other tactics and techniques that can make a big difference in your legacy planning objectives, so it’s worth the effort to start the conversation with a financial professional as soon as you can.

The importance of estate planning

Estate planning is one of the most important topics to cover with a financial professional. The process of creating a plan for the distribution of assets at death can encompass the following:

  • Limiting income and estate tax liabilities
  • Determining who receives the assets — and when and how they’re received
  • Facilitating timely payment of estate obligations and taxes
  • Limiting costs of administration

Estate planning should be considered if you own property; it’s not just for the wealthy or those with complex situations. There are consequences for failing to plan—for example, if you pass away without a will, the State will use intestacy laws to determine the distribution of property. Unfortunately, this might not align with your intent. A proper plan can provide you with a level of certainty and help safeguard your assets for the benefit of your heirs.

Beginning the process of estate planning

When implementing strategies for saving, you may want to consider these 3 steps with a financial professional to develop an effective plan for yourself:

  1. Identify estate transfer needs and goals – In this step, you should know where you are and want to go. The most significant considerations here are identifying beneficiaries, clearly understanding tax obligations, looking at estate assets, and knowing where to find liquidity in the estate. It’s also important in this step to consider future income, expenses, debts, and needs.
  2. Develop strategies to reduce costs – Taxes are the largest potential expense your estate may have. These can include the federal gift tax, federal estate tax, generation-skipping transfer tax, state death and inheritance taxes, federal income taxes, and estate administration expenses. There are exclusions, deductions, and transfers that you should be aware of to minimize this burden. A financial professional can help you navigate these strategies.
  3. Pay for remaining expenses – This is where having the proper liquidity to pay estate expenses helps ensure your beneficiaries receive what you intend. Liquidity is the estate’s ability to pay taxes and other costs that arise after death (usually in the form of cash or cash alternatives). If your portfolio consists largely of real estate or business interests, the estate may be forced to sell a portion to pay for expenses when they are due. Knowing this, estate liquidity will likely be a primary objective for you and your financial professional. Having the right tools to meet the liquidity need is crucial. Annuities and life insurance with the right strategy behind them can accomplish this goal.

Using a trust as part of your estate planning strategy

Familiarizing yourself with the basic types of trusts and how they are utilized can prepare you for conversations with your financial professional about trust strategies and options. Here are some things you should know about trusts and their role in estate planning:

  • There are two main types of trusts – revocable and irrevocable. Trusts can be used in many ways in estate planning, including helping your estate avoid probate, reducing estate taxes, and protecting yourself and your beneficiaries from creditors.
  • Trusts have drawbacks – depending on the type of trust, you may not receive any tax benefits or be able to easily make needed changes.
  • A credit shelter trust is a common type of irrevocable trust used in estate planning – this type of trust can help married couples reduce or avoid estate taxes.
  • Many assets can be used to fund a trust – nearly any type of asset can be used to fund a trust, including stocks, bonds, cash, mutual funds, real estate property, life insurance, and annuities. Life insurance and annuities have become common ways to fund a trust in estate planning because they can offer your beneficiaries an immediate source of liquidity to provide potential financial security.

Estate planning can be complex, so consider working with a financial professional who can help you understand your options.

Helpful tools

Nationwide’s trust guide can help make a key component of estate planning easier to understand and provide proper context on the choices you’ll want to make. I invite you to use this today to help kick off an estate planning conversation with a financial professional.

Disclaimer:

Federal income tax laws are complex and subject to change. The information is based on current interpretations of the law and is not guaranteed. Nationwide and its representatives do not give legal or tax advice. Please consult an attorney or tax advisor for answers to legal questions.

More Blog Articles by Shield Insurance Agency

Read More