Insurance

Using annuities in trusts

Using annuities in trusts

Posted on by Shield Insurance Agency

Nationwide Blog | December 09, 2022 | Annuities | Business Insurance | Start a Quote today!

A reference

Trusts are an integral part of estate planning and funding a trust so that it meets the needs of a client’s estate and wealth transfer goals and involves a proper and sound strategy.

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. While life insurance is an option for funding a credit shelter trust when the surviving spouse is insurable; what option can you consider when they aren’t?

Annuities in a credit shelter trust

A credit shelter trust (also known as a bypass trust, or A/B trust) is an irrevocable trust commonly used in estate planning. Annuities can provide a very effective way to manage credit shelter trust assets and pass them on to the trust beneficiaries. Trusts are able to own annuities and receive tax deferral on any gains as long as the trust is acting as an agent of a natural person. Therefore, all trust beneficiaries need to be actual living people.

What it could look like

In an example where the trust purchases an annuity for each of trust beneficiary, the trust would be the owner, and the trust beneficiary would be the annuitant. Living or death benefits may also be selected in most cases. Generally speaking, the trust could distribute these annuities “in kind” to each beneficiary upon the triggering event stated in the trust, usually the surviving spouse’s death. At this point, each beneficiary would become the owner of the annuity that they are the annuitant on. Although it is based on a series of Private Letter Rulings (PLR’s), the IRS has allowed beneficiaries in such cases to take over ownership of these annuities and not be taxed on them until the money is withdrawn. If the beneficiary is under 59 ½, the issue of premature withdrawal penalty could apply. Withdrawals would be taxable to the extent of gains exceeding basis. This could also provide for “stretch” or “extended” benefits to heirs of the trust beneficiaries.

The benefits of using annuities in trusts and what kinds of trusts can be used

These are some widely known benefits of using an annuity to fund a trust –

  • Tax deferral
  • Market participation with death benefit protection
  • Income and taxation control
  • Asset allocation potential within one product
  • Guaranteed income with a living benefit. (Please note that guarantees are subject to the claims-paying ability of the issuer.)

The following are some common trust names in which annuities may be used –

  • Credit Shelter Trust
  • Marital Trust (also called A Trust or Surviving Spouse Trust)
  • Irrevocable Family Trust
  • Special Needs Trust
  • Generation Skipping Trust (GST)
  • Charitable Remainder Trust (CRT)
  • Revocable Living Trust
  • Charitable Lead Trust (CLT)
  • Qualified Terminal Interest in Property Trust (QTIP)
  • Irrevocable Life Insurance Trust (ILIT)
  • Grantor Retained Annuity Trust (GRAT)
  • Secular Trust
  • Rabbi Trust
  • Dynasty Trust
  • Qualified Domestic Trust (QDOT)

A popular annuity in trust planning strategies

Because of the benefits that using an annuity in trusts provides, there are some well-practiced strategies a financial professional can consider for their clients.

  • Death benefit protection on a surviving spouse’s life, tax deferral, income suppression and/or investment management simplification in a credit shelter trusts
  • Distribution in-kind to trust remainder beneficiaries and tax deferral in various types of irrevocable trusts
  • Income Suppression and death benefit protection in Net-Income Charitable Remainder Unitrusts (NIMCRUT)
  • Tax deferral and death benefit protection on the special needs individual in a special needs trust

Takeaway and learn more

Annuities can be a helpful tool that a trustee uses to manage multiple risks in an estate plan through its multiple product features. Money sitting in a credit shelter trust, or a different type, can be creatively used and can provide additional benefits to trust beneficiaries through the use of annuities.

For more information on the strategies mentioned, reach out to Nationwide Retirement Institute’s Advanced Consulting Group at Andy@ShieldAgency.com.

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. © 2022 Nationwide and Shield Insurance.

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What is a Business Plan and Why is it Important?

What is a Business Plan and Why is it Important?

Posted on by Shield Insurance Agency

Nationwide Blog | January 06, 2022 | Business Plan | Business Insurance | Start a quote today!

What is a business plan?

Whether you’re starting a small business or exploring ways to expand an existing one, a business plan is an important tool to help guide your decisions. Think of it as a roadmap to success, providing greater clarity on all aspects of your business, from marketing and finance to operations and product/service details.

While some owners may be tempted to jump directly into startup mode, writing a business plan is a crucial first step for budding entrepreneurs to check the viability of a business before investing too much time or money. The purpose of a business plan is to help articulate a strategy for starting your business. It also provides insight into steps to be taken, resources required for achieving your business goals, and a timeline of anticipated results.

In fact, businesses that plan grow 30% faster than those that don’t.1

For existing small businesses, a business plan should be updated annually as a way to guide growth and navigate the expansion into new markets.

Studies show that nearly 71% of the fastest-growing businesses have business plans, indicating that even existing businesses can benefit from updating their plans.2

Your plan should include explicit objectives for hiring new employees, market analysis, financial projections, and potential investors. The objectives should indicate how they’ll help your business prosper and grow.

Building an asset management business plan

Committing resources to capital improvements and new assets such as computers, software or cars/trucks is never an easy decision for budget-conscious small business owners. But a business plan can bring clarity to the process of whether to buy or lease and help determine the optimal amount allocated to those assets. A good business plan can also help you decide if it’s feasible to take on additional office, retail, or workspace.

Creating a marketing strategy

Marketing and market potential are important aspects of a plan for aspiring small businesses.

Getting your business in front of customers on a consistent basis is one of the keys to ensuring your business not only stays afloat but also thrives.

Marketing strategies can be simple, but before you decide on how you will get the word out, getting clear on your target audience and why your business solves their problem can make sticking to your marketing plan easier.

Knowing your unique market positioning can help you determine your messaging. Your marketing strategy should include who your target audience is, the platforms or methods you will connect with them on, and a measurement framework to determine if your efforts are working.

Take entrepreneur Scott Sultzer, who opened Sandwich Joint restaurant in downtown Los Angeles in 2009. “I included the potential marketing demographic of all those who lived in a certain area of the city,” he said of his marketing strategy. “My goal was to capture a certain percentage of all those people who lived and worked nearby.”4

Created primarily as a marketing tool, Sulzer’s 10-page plan included such topics as target market breakdown, marketing strategy, and market penetration. “My business plan was mostly about market projections,” he said. “How are we going to get those people that lead to an increase in our daily sales? And how are we going to reach them to let them know we’re here?”4

Depending on your business, it’s important to have both brick-and-mortar marketing strategies as well as a plan for marketing your business online.

Seeking investment for your business plan

In addition to providing a roadmap for progress and a marketing plan, your business plan could also be important in securing funding.

Whether you’re seeking a credit line from a bank or an influx of capital from investors, a business plan that answers questions about profitability and revenue generation can make the difference between whether someone decides to invest – or how much they might choose to invest.

In fact, a study showed that businesses with a plan were more likely to receive formal financial support, such as funding, than businesses without one.3

Hiring the Right talent

A business plan may also be needed to retain other professional services as well, such as attorneys, landlords, consultants, or accountants. Sulzer used his business plan to secure a lease.

“I had to have a viable document that they could trust,” said Sulzer, who leased from one of the largest landowners in downtown Los Angeles.4

“With a corporate landlord, they wouldn’t deal with me unless I had a business plan. I had to submit all my information and a plan that presented what I wanted to do, with financial breakdowns and percentages, demographics, and how I was going to get customers.”4

For a small business to succeed, attracting talented workers and partners is of vital importance. A part of a business plan for hiring employees is to help bring in the right talent, from the executive level to skilled staff, by showing them the direction and growth potential of the business. It can also help secure vendor accounts, especially with exclusive suppliers.

Setting business plan objectives for management

Finally, a business plan can be important in providing structure and management objectives to a small business. It can become a reference tool to keep management on track with sales targets and operational milestones. When used properly and consulted regularly, it can help you measure and manage what you’re working so hard to create.

Ready to take the next step? Learn how to write a business plan.

Don’t forget to consider insurance coverage in your business plan. When the unexpected happens, you want to make sure your small business is covered. Customized insurance solutions are crucial to protecting and keeping your operation going.

Find out how small business insurance from Nationwide can help you build and protect your business whether you are just starting up or already established.

1https://www.effectuation.org/wp-content/uploads/2017/06/The-Multiple-Effects-of-Business-Planning-onNew-Venture-Performance-1.pdf, Accessed October 2021.
2https://onlinelibrary.wiley.com/doi/abs/10.1111/0447-2778.00006, Accessed October 2021.
3https://www.tandfonline.com/doi/abs/10.1080/13504851.2014.967377, Accessed October 2021.
4Nationwide Interview with Scott Sultzer, 2016.

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.

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How to Sell at a Farmers Market

How to Sell at a Farmers Market

Posted on by Shield Insurance Agency

Nationwide | February 23, 2021 | Farmers Market | Business Insurance | Start a quote today!

Strolling around the local farmers market on a Saturday morning is a popular pastime, and if you grow, bake, craft, or create things as a hobby, you may have wondered if you might sell your goods and produce there. Farmers markets are growing in popularity, so it’s no surprise that gardeners, bakers, artists, and other local vendors are capitalizing on this money-making opportunity. Before you start down the path of making this dream a reality, you first must make sure that there’s a market at which you can sell.

A Guide to Becoming a farmers market vendor

In this article, we’ll explore how to become a farmers’ market vendor. While it may seem as easy as grabbing your goods, setting up a table, and bringing in customers, there are tried-and-true tips and strategies that may improve your odds of success and increase your profitability. Here are some steps you can take to set your plan in motion:

1. Decide what you’re going to sell at the Farmers Market

You may already have an idea of what you’re going to sell based on your own handmade or grown goods. If you’re an artist, it’s natural that you’re considering selling your art. If you’re a renowned baker among friends and family, you may want to sell your delicacies to the masses. Perhaps you’re considering new things to sell for the first time. Some popular items for sale at many farmers markets include produce, dairy, flowers/seedlings, honey, soap/skin care, beverages, and prepared food.

When thinking about what you’d like to sell, some questions to ask yourself might be:

• Do you have the means to grow your own produce?
• What is your timeline?
• Do you plan to resell goods?

Besides having the means and materials to sell any of the above items, it’s important to note that different products may require different kinds of licenses and that each farmers market has its own rules about what you can and cannot sell.

2. Make a business plan

So you’ve decided to start selling at the farmers market. A good business plan is essential for success as an entrepreneur. It will help you map out the specifics of your business and shed light on some unknowns. A few things a business plan will help you consider are:

• What are the startup and ongoing costs?
• Who is your target market?
• How much can you charge your customers?
• What will you name your business?

Business plans are helpful no matter your level of investment — whether your farmers market is more of a hobby or full-time income. Read more on how to write a business plan.

3. Set your budget

It’s important to know what types of expenses to include in your budget. When setting your budget, there are many things to consider, including:
• Stall fee/site location cost
• Licenses
• Tables and seating
• Personnel (will you be paying staff, or will you have volunteers?)
• Storage (for merchandise and money)
• Credit card processing equipment
• Promotional items (e.g., signs, fliers and order sheets)
• Food permit costs

4. Register your business and acquire any permits or licenses

Before you start selling at a farmers market, you’ll need to get a permit for your booth. Start by contacting your market’s management team and asking what permits or licenses you’ll need to sell legally. It’s also important to be aware of local regulations and what that entails for registration (e.g., your state’s Division of Food Safety). Ask your contacts at the farmers market about required permits and licenses. Information can also be found at your state’s Department of Agriculture website.

If you do need to register with a state or local authority, you’ll fill out an application form, pay a nominal fee and submit to any required facilities inspections (for instance, your commercial or home kitchen).

5. Claim your spot for the perfect farmers market

Be proactive in claiming your spot at the market, as most farmers markets have waiting lists due to popularity among other vendors. Most markets have a website where you can apply. Otherwise, attend the market and ask to speak to a market manager. To maximize your chances of getting your first or second choice for your farmers market booth, contact market operators as early as possible, well before the season begins. Worst case scenario: You get on next year’s waiting list before all the latecomers.

6. Figure out the logistics

You’ll need to figure out all the details of setting up your space and how to transport all your goods and wares from house to market. If your food requires refrigeration, rely on coolers until you know whether your stall in the market contains access to a power source.

If you’re a small vendor, you may be able to fit everything you need in the trunk of your car. Just be careful to package things in manageable amounts because you might have to walk a far distance from the parking lot to your stall. Consider bringing help with you to make the setup, cleanup, and transportation processes easier as well as helping with the sales and monetary transactions.

Tips for making the best of your farmers market endeavors

Once you’re at the farmers market, your booth design and signage are going to play a big role in how successful you are. Make sure your area is open, clean, colorful — and visible. Set yourself up for success with these tips:

1. Market research

What other types of items are being sold at the farmers market you’re targeting? Is your product a good fit? It’s good to sell at a venue where there’s lots of demand for a certain product, but on the other hand, you don’t want to be the hundredth honey vendor at the market. Stick to a specialty that few other vendors offer or choose a market where your product isn’t oversaturated. Of course, differentiating your product from others by advertising its uniqueness always helps.

2. Catchy promotional materials

Good advertising can set your booth apart! When creating your promotional items, always check first to see whether there are certain color or sizing requirements for signs and fliers. If you are artistic (or know someone who is), you can try creating them yourself. If not, hire a marketing or design firm. Your logo and information can go on business cards, shopping totes, and handouts such as pens, just to name a few.

3. Presentation

Put some thought into your farmers’ market setup by figuring out how to present yourself while selling at your stall or booth. In the eyes of the customer, you’re a reflection of your store and your products. If you’re hoping to make a big profit, you’ll have to make your stall eye-catching and attractive. Invest in a clean, simple tablecloth to make your food or produce stand out. Be sure to wipe off any shelving before you set up for the day, and keep sample trays clean and free of crumbs. Opt for legible, creative labels that draw the eye toward all of your goods.

4. Do a practice run at home

Practice setting up and taking down your farmers market booth multiple times before your first market experience. Familiarize yourself with how your outdoor canopy structure goes together, how long the entire process takes, how to hang your business name and logo sign, set up the tables, chairs, accessories, and decorations, and how to best display your goods. Be sure to step back and approach to see how your booth looks from a customer’s point of view.

In addition to becoming an expert at setting up and taking down your farmers market stand, you may also want to practice loading and unloading everything to and from your vehicle or trailer. You don’t want to be frantically cramming items into your car the night before, only to realize it doesn’t all fit. Once you’ve figured out the transportation and how to efficiently pack your supplies and goods, it’s a good idea to pack it up the night before to save time in the morning.

5. Be prepared for inspection at the Farmers Market

Health inspections are inevitable; make sure you are prepared to show your licenses, permits, or certifications. Always know what you’re allowed to sell. If you’re selling meat, eggs, or produce, understand your state agriculture health rules, know the difference between processed and raw food, and keep your food cold if applicable.

6. Respect

Farmers markets are a place of community and teamwork. Make sure to respect your shoppers and fellow vendors. For shoppers, keep your lines moving as swiftly as possible, answer their questions, and share a little background on you and your product if they want it. Don’t be afraid to network with your fellow vendors. Refer a customer to their booth, and share success stories with each other.

A farmers market can be a fun way to sell your wares and/or produce in your community while making some extra money. Farmers markets bring together many customers in one place, and the start-up costs are fairly low. If you have the time and determination to become a farmers market vendor, congratulations — and use these tips on starting a business.

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

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10 Affordable Classic Cars That Won’t Break the Bank

10 Affordable Classic Cars That Won’t Break the Bank

Posted on by Shield Insurance Agency

Nationwide | May 12, 2021 | Classic Cars | Auto Insurance | Start a quote with Shield Insurance!

Like all commodity markets, the classic car market is always evolving. Values go up, values go down, and owners buy, sell, trade, and hold their cars accordingly. But unlike other collectible objects or financial instruments, cars provide a fun way to invest your money—you actually get to drive and enjoy an old car.

Often there are ways to find deals on classic cars. To get started, here are 10 classic cars you can typically buy for less than 10K.[1]

1. 1971–76 Buick Electra 225

If your goal is the maximum car for the money, then you’d have a hard time beating the fourth-generation Electra. Built on the General Motors C-body platform, the Electra offers more interior room than just about anything else on the road. The 455-cid V-8 is nearly bulletproof, and the cars were available with luxury options galore. Just six grand buys a car you’d be proud to own.

2. 1973–79 Ford F-Series

Everybody needs a good truck. And the F-Series is always an excellent choice. These sixth-gen models ride on a trusted platform, and while they’re mostly no-frills, you can find them with four-wheel drive, a/c, CB radio, sliding rear window, and more. Rust kills them, especially at the front of the bed and the bottom of the B-pillar, so bring your grubby pants and crawl all over the thing to make sure it’s the clean one you want.

3. 1989–93 Cadillac Coupe DeVille

These things are so cheap right now: Less than $3,000 gets you a pretty good one, and both sedans and coupes offer up plenty of luxury for the price of entry. It’s cheap to get your own little piece of the “Standard of the World.”

4. 1978–87 Chevrolet El Camino Classic Cars

The last of a legend. Cars built on the G-body platform have long gone unloved. Recent interest in hot Buicks like the Grand National and GNX have helped to spark interest in the rest of these models, however, and the El Camino may now be getting its due. Low power and huge saggy doors are still an issue, but few cars on the road are as distinctive.

5. 1979–93 Ford Mustang

The importance of this car cannot be overstated. It’s a design that has aged well, and no other car offers up a greater bang-for-buck factor than a 5.0-liter Fox body. Plenty of them have been used and abused, but with so many produced, you can afford to bide your time and be choosy. You’ll still come away with a quick little modern classic. Aftermarket support is incredible, which only adds to this Mustang’s appeal.

6. 1974–83 Jeep Cherokee

Vintage SUVs are one of the best and cheapest ways to enjoy the old-car hobby. These SJ Cherokees shed the faux wood of their Wagoneer cousins but lose none of the brawny appeals. You can get them with either two or four doors, but no matter what you’re after, a thorough inspection is in order, as quality control issues plagued Jeeps of this era.

7. 1990–96 Nissan 300ZX

The 300ZX reinvented the tired Z-car, and it kicked the rest of the world in the face with the relatively cheap performance it offered. Available with or without T-tops, with or without back seats, and with or without a turbo, the Z offers so much in such a lovely, lithe package. Reliability is off the charts, and you can still scoot around quickly in the normally-aspirated version, which saves you considerably over the more desirable turbos.

8. 1974–78 Ford Mustang II

Translated, Mustang II means “Mustang Also,” as in, “I’m a Mustang, too, you guys. I really am!” And it is, in that wretched 1970s malaise kind of way. There is a bright side though: If you want an old Mustang that isn’t an enormous, ill-handling muscle car, look no further than the Deuce. And they’re dirt cheap, too.

9. 1961–64 Chrysler Newport Classic Cars

The Newport was Chrysler’s entry-level model, and it reintroduced a dormant nameplate for Chrysler, after a decade of absence. Several body styles are available, including sedans, convertibles, and wagons, but front-end styling—while distinctive—is polarizing thanks to the slanted headlight setup. If you like fins with your Chryslers, then look for a ’61, as they vanished after that.

10. 1962–67 Chevrolet Chevy II Nova Classic Cars

There’s nothing particularly revolutionary about the Chevy II. You might even say they’re boring. But as staid, cheap, vintage transportation goes, you could do a lot worse than one of these guys. The inline-six is fine, but you’ll have more fun with the 283-cid V-8, which was available in 1964. Tops in terms of collectability are the convertibles, but they’re also harder to find.

Whether you go for one of the affordable classic car models listed above or opt for a pricier investment, you want your vintage car to be protected. That’s why Nationwide has teamed up with Hagerty to offer classic car insurance tailored to the unique needs of car collectors. Learn more about classic car insurance and get a quote today.

[1] 10 under $10K: Hot and Affordable Collector Cars

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When to Replace Your Roof

When to Replace Your Roof

Posted on by Shield Insurance Agency

Nationwide | September 09, 2022 | Roof | Home Insurance | Start a quote today!

Homeownership comes with lots of responsibilities, and one of the most expensive is replacing your roof at the end of its life expectancy. But before choosing to replace your roof, there are some things to consider—and you should always consult a professional before making any decisions.

How often does a roof need to be replaced?

How often a roof will need to be replaced depends on a number of factors, such as the quality of the roof’s installation, the quality of materials used, and the type of roof. Generally speaking, this is how long a roof made of each material can last: [1]

  • Composition shingles: 12-20 years
  • Asphalt shingles: 15-30 years
  • Wood shingles: 30-40 years
  • Rubber roofs: 30-50 years
  • Metal roofs: 40-70 years
  • Clay tile roofs: 50-100 years
  • Slate tile roof: 75-200 years

Harsh winters and severe humidity can cause these materials to wear down faster. Looking at your roof after high winds and intense storms can help you keep your roof in top shape. Whether conducted by yourself or led by a roofing contractor, a twice-a-year inspection of your roof might also help you spot any damage before it becomes too great. [2]

Signs that a roof needs to be replaced

While there are a few things that can indicate your roof is no longer in its best shape, any one sign on its own doesn’t necessarily mean your roof needs to be replaced. If you are worried about any visible signs of damage to your roof, a professional can help you decide whether a total replacement is necessary.

Loose, cracked, damaged, or missing shingles

Missing, loose, or damaged shingles can be detrimental to the integrity of your roof and can lead to problems such as water damage and lack of insulation. Finding exposed spots on your roof where shingles are missing or damaged can be difficult. Professionals are usually much faster at spotting missing shingles than homeowners. But if you’d like to take a look for yourself, you can safely do so with both feet on the ground using binoculars or with the help of a drone. You’ll want to look at each shingle to ensure that they’re sitting flat. Any shingles that are missing should catch your eye fairly quickly. If enough shingles are damaged or nails are exposed, patching your roof probably won’t suffice; you will need a total replacement. [2][3][4]

Signs of water damage, mold, or roof rot

Boards of wood that span the trusses of your roof are known as roof decking or sheathing. Wet wood decking leads to wood rot, which can cause issues in additional areas of your home. Your roof probably has wood rot if the roof deck has dark spots, discoloration, crumbles, or cracks; feels spongy, or has a damp, musty smell. A roofer can also detect wood rot by stepping on shingles above the rot and feeling them give more than usual. If you suspect you may have wood rot, seek the help of a professional home inspector. Initial signs of water damage to your roof may go unnoticed until the damage becomes substantial. These are some signs of water damage to look out for: [5]

  • Fungal and mold growth, which can reduce air quality
  • Bulging or bowing, which will be visible on the roof from the outside; the shingles above this part of the roof might not work properly, and the roof decking can eventually fall in
  • Damage to wood in your home, including structural wood
  • Damaged insulation, which can increase the cost of heating and cooling your home
  • Damage to other home systems, such as your electrical system, particularly if wood rot goes unresolved

Damaged flashing

Flashing helps protect your roof from leaks. It’s made of sheet metal, galvanized steel, or aluminum, and you can typically find it around plumbing vents, skylights, and chimneys. When working properly, flashing helps divert rainwater to the ground. However, when flashing fails, there are several noticeable signs: [6]

  • Cracks, dents, and bends: This makes your flashing more prone to rusting
  • Rust: If your flashing has rust, it will need to be cleaned, sealed, or replaced
  • Missing parts: Repairs should be made promptly if any of your flashings are missing
  • Holes: Sometimes small animals can create tiny holes in your roof that can result in leaks and should be sealed as soon as they are noticed
  • Leaks inside your house: You may find indicators of leaks around your fireplace, windows, skylights, and attic
  • Mold or stains on fascia boards: If your flashing wasn’t installed correctly, mold and water stains might develop on fascia boards
  • Damaged shingles or siding: This will look like bending or darkening on your shingles or siding near the flashing

A professional who is inspecting a roof for leaks or failed flashing will look out for loose nails, holes, and broken seals at flashing edges.

The current roof was installed 20+ years ago

If your roof was installed 20 or more years ago, consult a professional home inspector or roofer. Roofs typically last about 20 years, and your roof may be reaching the end of its life span. [1]

Additional consideration: Are you planning on selling the house?

A new roof can be expensive, but one benefit is that it can add value to your home. While you may not necessarily recoup the cost of a roof replacement in the sale of your home, there are still several benefits to having a new roof installed. You may be more likely to get the full asking price for your home, spend less time with your home on the market, or have shorter negotiations. [7]

If you suspect your roof is damaged or you’re nearing the end of your roof’s life expectancy, consult a trusted professional before making any decision on repairs. Your roof is an essential part of your home, protecting the structure from leaks and damages. Furthermore, Nationwide and Shield Insurance is here with personal insurance plans to protect your home in case of disaster.

[1] “How Long Do Roofs Last? 5 Roof Types and Their Lifespans,” fixr.com/resources/how-long-do-roofs-last (accessed June 2022).

[2] “How Often Should You Replace Your Roof?” roofadvisor.com/how-often-should-you-replace-your-roof (accessed June 2022).

[3] “Should I Replace My Roof? Here Are 21 Things to Consider” familyhandyman.com/list/should-i-replace-my-roof-here-are-21-things-to-considerfamilyhandyman.com/list/should-i-replace-my-roof-here-are-21-things-to-consider (accessed June 2022).

[4] “How Can I Tell If I Have Missing Roof Shingles?” hopewell-roofing.com/can-tell-missing-roof-shingles (accessed June 2022).

[5] “What is Wood Rot & When to Replace Roof Sheathing,” io.com/na/pro/building-professional-tools/roofing-101/rotted-roof-deck-how-to-replace-roof-sheathing (accessed June 2022).

[6] “Roof Flashing Failure: Why It Occurs and Ways to Address It,” negutters.com/blog/roofing/roof-flashing-failure-why-it-occurs-and-ways-to-address-it (accessed June 2022).

[7] “How Much Value Does a New Roof Add?” zillow.com/sellers-guide/should-i-replace-my-roof-before-selling (accessed June 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

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What to Do if You Lose Your Car Keys

What to Do if You Lose Your Car Keys

Posted on by Shield Insurance Agency

Nationwide | December 10, 2021| Car Keys | Auto Insurance | Start a quote today!

It’s something you never want to think about but losing your car keys can happen to just about anybody. No matter how careful you are, all it takes is one second of forgetfulness to send yourself into a spiral of panic and anxiety.

If you’ve never lost your car keys before, you might be surprised to find out that car keys are the third-most misplaced item1.

Sometimes, you’re running a quick errand and jump out of your car only to have forgotten them on the seat. Other times, you’re coming home after a long day at work and throw your keys down somewhere you can’t remember the next day. No one wants to experience any of these instances, but they do happen. And it’s important to be prepared.

So, what do you do when you find yourself in a situation where you’ve lost your keys?

Retrace Your Steps

The first step in finding lost keys is retracing your steps. This sounds easy enough, but when you’re in panic mode, it can seem daunting.

When retracing your steps, it’s important to remember the last time you remember seeing your keys. Where you were? What you were doing? What did you do next? This can help you find your starting point.

Maybe you drove home and left them in your car or maybe you left them on the table at the restaurant you were just visiting. Retracing your steps is essential for giving you somewhere to start before resorting to any unfavorable calls.

If you truly have lost your keys, however, it’s time to call in an automotive locksmith. These specialists can help you get back on the road in no time. You’ll need to have some key information, however – so let’s find out what you need to make this process as seamless as possible.

Understand the Different Types of Car Keys

Knowing and understanding the differences in types of car keys is important for ensuring the process of finding or replacing them runs smoothly and seamlessly. You’ll need to inform your locksmith so they can get in with ease, but even before you make the call, you’ll need to know which locksmith will be able to help you based on the type of key you’ve lost.

Traditional car keys

A traditional car key is – you guessed it – traditional. These keys look and feel like classic keys, and work by being inserted into an ignition cylinder and turned to start the vehicle.

Transponder key

A transponder key is similar to a traditional key, but the difference is the head. At the top of the key is an electrical element that often contains buttons to lock and unlock your car, as well as open the trunk and set off an alarm.

This electrical element also contains a chip that’s necessary to start the vehicle.

Key fob with switchblade key

These types of keys include remote fobs that can lock and unlock the vehicle, with a spring-loaded key mechanism that folds into the fob like a switchblade. This dual system allows for remote access to the vehicle and a sleeker, minimal key design that folds into itself for easier transport.

Smart car keys

Smart keys are often called ‘keyless ignition’ keys. They’re used in place of actual keys. When used, drivers can unlock their cars remotely and use a push-start button system to start the car, not needing to insert a key into the ignition to get the engine running.

Can a Locksmith Make a Car Key Without the Original?

An experienced locksmith should be able to make you a car key without the original as long as it’s a traditional key. If your vehicle utilizes fobs, transponders, and smart keys, you’ll have to contact the dealership to get a new device created.

How Much Does it Cost to Replace a Car Key?

There is no standard price for a replacement car key, especially considering the many different types of car keys available today.

For traditional keys and fobs, the price is relatively low compared to the more complex keys – ranging from $50 to $1002. Fobs, however, can be programmed yourself or at the dealership which can cut down on these costs.

Transponder keys can cost around $200 to replace, but costs depend on whether you’re going through a locksmith or a dealer.

Switchblade keys are even pricier, averaging closer to $3003 to replace.

Smart keys require going to the dealer for a replacement as they will need to program the device and the vehicle. This can cost between $200 and $500 depending on location, dealership, and vehicle.

Contact a Locksmith Near You

Now that you’re equipped with all the information you need, you can contact a local locksmith. Knowing you’ve exhausted your search, understood what type of key you have, and feel confident and the price and capability of the job, you should have little problem finding the locksmith that’s right for you.

How to Prevent Losing Your Keys

Get a key tracker

Key trackers are a modern, new way to keep track of your keys, wallet, and more. These devices work via an invisible signal that’s transmitted across devices and often connects to an application on your phone.

Popular key trackers include Tile4, Apple AirTag5, Chipolo6 and Cube7 .

Create a designated spot for your car keys

Creating a hanging key holder by the door or a key bowl on a nearby table can be a quick and easy way to make sure you never lose your keys. It can quickly become part of your routine, dropping or hanging your keys as soon as you walk into the door. And it will always be the first place you look when you head on your journey.

Invest in a lanyard or key holder

A lanyard or other transportable keyholder is another simple fix to help you keep track of your keys. A long lanyard, chain, or trinket on your keys can make it harder to lose because of the noise it makes, the length of the attachment, and more. Adding bulk and weight to your keychain will also make it harder to lose when you’re out as you’ll be more likely to miss the feel of the keys in your purse or pocket.

Get a spare key

Another great way to ensure a lost key doesn’t slow you down is by creating a duplicate or requesting a spare. Accidents happen, after all, and things sometimes just disappear. With a spare key, you can be sure that you don’t lose valuable time, money, and energy by retracing your steps and contacting a locksmith.

On the Road and Lost Your Car Keys? Contact Roadside Assistance

In a new place and don’t know how to get to where you need to go? Nationwide offers 24/7 roadside assistance to get you back on the road with ease. To request assistance, just call 1-800-421-3535 or connect through the Nationwide Mobile app.

If you’re not already part of the Nationwide insurance community, you can get started quickly and easily. Contact Nationwide for an auto insurance quote to get started.

1https://www.prnewswire.com/news-releases/lost-and-found-the-average-american-spends-25-days-each-year-looking-for-lost-items-collectively-costing-us-households-27-billion-annually-in-replacement-costs-300449305.html

2https://www.edmunds.com/car-maintenance/the-high-cost-of-losing-your-keys.html

3https://www.carfax.com/blog/lost-car-key-fob-replacement

4https://www.thetileapp.com/en-us/

5https://www.apple.com/airtag/

6https://chipolo.net/en-us/

7https://cubetracker.com/

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.

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How to Paint an Aluminum Boat

How to Paint an Aluminum Boat

Posted on by Shield Insurance Agency

Nationwide | December 07, 2022 | Aluminum Boat | Boat Insurance | Start A Quote Today!

Aluminum fishing boats and pontoon boats provide an affordable, fun way to explore the water. Records show 85,431 aluminum boats were registered in 2021 alone. [1]

Proper maintenance is key to making sure you can get ample enjoyment and use from it for years to come. To keep your aluminum boat in top condition, follow these tips for cleaning, polishing, and painting.

Clean and prepare your boat

Prior to polishing and painting your boat, make sure the surface is clean. Follow these steps to clean your aluminum boat:

1. Dry dock your aluminum boat

Pull your boat out of the water and prep a work area. This can be in a garage or a larger space that can get wet, such as a driveway or a dry-docking space at your local marina.

Elevate the boat off the ground in this workable space. If you need to use a sander or buffer, dry-dock your boat in an area where you have access to electricity.

2. Sand off loose paint and rust

If the boat has any rust, sand it off so you have a smooth surface. Depending on the sizes of the rusty patches, you might need a power sander and varying grit levels of sandpaper.

3. Wash the aluminum boat

You’ll want to clean all the grime and dust off. If you’ve waxed your boat previously, use a dewaxing solvent to remove traces of old wax. [2]

Mix mild soap and water in a spray bottle. Spray the boat and wipe it down with a sponge. This removes dirt but not hard stains. To remove tougher stains, mix a solution of 50% distilled vinegar and 50% warm water. Spray that mixture on the boat, let it sit for 60 seconds, and wipe it away.

Mild soap and vinegar are simple DIY solutions, but there are special cleaning products available too. Sometimes a stronger cleaner is necessary to remove oxidation. There are specific cleaners that can handle these dark patches, but they’re abrasive. Carefully follow the instructions on these products to keep yourself safe.

4. Rinse the boat

Grab a hose and rinse the cleaner from the boat. Be sure to use fresh water; you don’t want to use seawater or lake water. If you have the time, polish your boat once it’s dry.

Polish your boat

Follow these steps to polish your aluminum boat: [3]

1. Use aluminum boat polish

There are dozens of polishes on the market, but you need an aluminum-grade polish. You can also use an aluminum cleaner that can clean, polish, and protect your boat as an all-in-one option.

2. Apply the polish

To start, rub or paint the polish on the boat. You can do this by hand or with a power buffer. Polishing by hand can be rewarding, but it’s labor-intensive and can be more time-consuming. A power buffer can get the job done efficiently and quickly. However, you still might need to hand-buff nooks and crannies.

3. Work in small sections

Apply polish to small sections of the boat, working to completely cover each area before moving on to the next. Results should be instant as you work the polishing compound into the boat’s surface.

4. Check the boat

After applying the polish all over the boat, take a walk around it to make sure you haven’t missed any spots.

5. Let the polish dry

Let the polish dry completely, which usually takes 5 to 20 minutes. Be sure to check the instructions for your polish for the exact drying time. Wipe the boat down with a clean, dry cloth. [4]

Paint your aluminum boat

After your boat’s surface has been cleaned and polished it is ready to be painted. Plan for this project to take a few days. Follow these steps to paint an aluminum boat: [5]

1. Find a location for painting

Try to start this project when the weather forecast says there will be a few days of rain-free weather. Pick a work area that’s outside. It’s important that the work area is away from cars and buildings. Put a piece of plastic down to catch dripping paint. Elevate the boat so you have access to all areas of the hull.

2. Prepare the surface for paint

Before painting, remove rust, dirt, chipping paint, old wax and polish. Depending on the amount of rust present, you may need a power sander to create a smooth surface. Once you’ve removed rust, clean the boat by following the cleaning steps above.

3. Apply primer

Apply a self-etching, oil-based primer that sticks to aluminum surfaces. [6] Using a brush or a sprayer, apply a thin layer of primer inside the boat. Let it dry and then paint the outside. Let the primer dry overnight, or for at least 12 hours, before moving on to the painting process.

4. Apply aluminum boat paint

Choose a water-resistant marine paint that adheres to aluminum. Using a sprayer or brush, paint the inside of the boat first. Paint in horizontal strokes for an even coat. The inside coat should dry for around 12 hours before you paint the exterior. The outside coat needs to dry for the same amount of time. You may decide to add a second layer of paint to the boat for protection. If so, make sure the paint dries completely between applications.

5. Apply a clear coat

Once the painting is finished, apply a clear protective coat. This layer helps keep the paint intact and prevents scratches. Check the product label to determine how long this coat will need to cure before you put the boat in the water again.

A fresh layer of paint will help protect the exterior of your boat, but this is not the only way to protect it. Another component of caring for your boat is having boat insurance. Find out whether you need boat insurance before you put your boat in the water.

Frequently asked questions

Can you paint over old paint on an aluminum boat?

Painting over old paint on an aluminum boat is not advised; however, there are a few key things to consider if you do attempt it.

  1. What type of paint was the old paint? Will the new paint adhere or react to it?
  2. Is the old paint flaking or peeling? If so, the new paint won’t have a good surface to stick to.
  3. Are you planning on sanding the old paint surface or chemically preparing it for a fresh coat of paint?

If you know the paint types and there are no conflicts, it’s recommended that you sand the hull prior to painting so that the loose paint will flake off. [7]

Should you paint the bottom of an aluminum boat?

While many might think painting the bottom of your boat unnecessary, it’s actually an essential part of protecting your aluminum row boat from the elements. When choosing your bottom paint, make sure to pick one that is specifically designed for aluminum boats, as some bottom paints can cause corrosion on aluminum. In general, you’ll want to apply two coats for the best results. [8]

How to clean a painted aluminum boat

Maintaining your boat’s condition is important to keep it clean, especially for an aluminum boat, which can be easily damaged by dirt and algae. Follow the steps below to clean your painted aluminum boat:

  1. Remove the boat cover, motor, and any other large items
  2. Hose down the entire boat
  3. Scrub the hull with a smooth brush that won’t damage the paint
  4. Rinse the hull with clean water at a low pressure
  5. Dry the hull with a cloth
  6. Inspect the hull for any remaining dirt or debris
  7. Let the boat dry completely
  8. Wax the boat

Cleaning a painted aluminum boat isn’t difficult, but it does require special care. Avoid using harsh chemicals, and be sure to use the proper detergents and brushes. Waxing the boat will help create a barrier that will protect the paint from scratches and rust. [9]

Protect your boat

You have made this investment in your aluminum boat and carefully painted and cleaned it; now you need to protect it. Why? Boat insurance can be the difference between navigating a crisis peacefully and needing to pay tens of thousands of dollars if things go wrong. It could also protect against third-party liability for damage caused by you and your boat, which may be the bare minimum protection required to moor in your marina. Ultimately, boat insurance will give you peace of mind knowing you’re protected while you’re out on the water, no matter what occurs. [10]

Sources

[1] “The Glass is Still Half Full,” tradeonlytoday.com/columns-blogs/the-glass-is-still-half-full (July 18, 2022).

[2] “Polishing an Aluminum Boat [Guide],” boatlife.com/boatlife-blog/polishing-an-aluminum-boat-guide (accessed Aug. 4, 2022).

[3] “Cleaning an Aluminum Boat with Vinegar,” pontoonopedia.com/cleaning-aluminum-boat-vinegar (June 11, 2018). x

[4] “6 Steps to Painting Aluminum Boats,” chiyachtrefinishing.com/blogs/6-steps-to-painting-aluminum-boats (June 20, 2018).

[5] “How to Paint an Aluminum Jon Boat,” bottompaintstore.com/blog/aluminum-application/paint-jon-boat (accessed Aug. 4, 2022).

[6] “How to Paint a Boat,” boats.com/how-to/how-to-paint-a-boat (April 14, 2021).

[7] “How To Paint Over Your Aluminum Boat (Step-by-Step),” watercraft101.com/how-to-paint-aluminum-boat (accessed Aug. 4, 2022).

[8] “How to Apply Bottom Paint to an Aluminum Boat,” bottompaintstore.com/blog/aluminum-application/how-to-apply-bottom-paint-to-an-aluminum-boat (accessed Aug. 4, 2022).

[9] “How To Clean Painted Aluminum Boat? Complete Guide,” emozzy.com/how-to-clean-painted-aluminum-boat (April 9, 2022).

[10] “Why Boat Insurance Is Important & How To Obtain It,” wavetechpowersports.com/why-boat-insurance-is-important-how-to-obtain-it (accessed Aug. 4, 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.

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How to Move Your Pets into a New Home

How to Move Your Pets into a New Home

Posted on by Shield Insurance Agency

Nationwide | February 22, 2023 | Pets | Pet Insurance | Start A Quote Today!

Moving is stressful in itself, but it can get overwhelming if you factor in planning for your pets to make the big transition. However, you can take several steps to ensure the move goes as smoothly as possible for you and your pet. A well-laid-out plan will help you worry less during the stress of packing and relocating your household, making a move a happier and easier transition for everyone.

Why moving is stressful for pets

From a pet’s point of view, their current home is more than just their home – it’s their territory. When everything familiar to your pet gets packed up and hauled away, they can often experience significant distress. No matter how much your move will improve your pet’s life, they can’t understand why everything is being upended. For this reason, pet owners need to be sensitive to the needs of their pets during moves. [1]

Tips for moving with pets

Check out the tips below for a safer and simpler move with your animal pal.

1. Ensure that your new home or a new city is pet-friendly.

It’s a good idea to walk the neighborhood of your new home to determine whether the area is safe for your pets. Also, consider the amount of square footage your pet needs. Cats typically need more vertical space and less outside space than dogs, while dogs need space to run around and go to the bathroom outside. [2]

2. Chat with your vet.

Your veterinarian is an excellent resource for questions about reducing your pet’s anxiety levels during the move. If you’re moving out of state, it’s a good idea to visit your vet a few weeks before leaving so you can get vet recommendations, copies of your pet’s medical files, and ensure your pet is up to date on all vaccines and medication. [3]

3. Familiarize your pets with packing supplies and boxes.

Most pets aren’t big fans of change. To help ease the anxiety of moving, bring in moving boxes early and keep your animal pals in a familiar room that you plan to pack up last. [2]

4. Maintain a routine leading up to the move.

Pets are creatures of habit. To keep your pet’s stress levels down in the weeks leading up to moving, stick to the same feeding schedule, stick to regular walks or playtimes, and give them a little extra love. [3]

5. On a moving day, keep your pets in a secure and secluded space.

During the move, doors will be left open, and people will be going in and out. To keep your pet secure, place them in a kennel in a quiet part of the house or a separate closed room so they don’t run away due to fear and confusion. [3]

6. Introduce your pet to the crate.

If your pet doesn’t have much experience with a crate or carrier, get them comfortable with it before the move. First, place their food in the open crate and then shut the crate’s door during mealtime. Anything you can do to help your pet foster a positive association with the crate will save stress for both of you on a moving day. [1]

7. Pack a pet travel bag.

Reduce stress further by having all your pet’s necessities packed and easily accessible. This includes water bowls, favorite toys, a blanket, food, treats, kitty litter, and more. Don’t forget a roll of paper towels and disposable plastic bags to help with unexpected cleanups. [3]

8. Pet-proof your new home.

It’s a good idea to pet-proof your new home before introducing your pet to the house. Make sure to tuck away electrical cords, plug up nooks and close off crawl spaces where your pet could get stuck, ensure that all windows have secure screens, and secure or remove any poisonous houseplants. [2]

9. Gradually introduce your pet to the new home.

When you finally arrive at your new home, allow your pet to adjust to one new room, including their favorite toys, treats, water, and food bowls. When they seem comfortable, introduce them to other rooms in the house while keeping some doors shut. With patience, your pet will feel at home in no time. [2]

Once you arrive at your new home safely with your beloved pet, ensure you are protected with pet and home insurance.

Sources:

[1] “Guide to Moving with Household Pets: Safely Relocating your Furry, Feathered, and Scaly Friends,” Joe Robison, movebuddha.com/blog/moving-with-pets (Feb. 16, 2022).

[2] “Moving with your Pet,” aspca.org/pet-care/general-pet-care/moving-your-pet (accessed Jan. 12, 2023).

[3] “11 Tips For Moving With Pets: The Ultimate Guide,” einsteinmoving.com/moving-with-pets-tips-tricks (accessed Jan. 12, 2023).

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 Shield Insurance Agency

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Driving at Night: How to Stay Safe

Driving at Night: How to Stay Safe

Posted on by Shield Insurance Agency

Nationwide | March 08, 2023 | Driving at Night | Auto Insurance | Start a Quote Today!

While we typically drive a quarter of the time at night, studies show that 50% of traffic deaths happen at night. [1] It doesn’t matter whether you know the road you’re driving on or not; it is always more dangerous to drive at night. With a few extra precautions, you can reduce the risk of something dangerous happening while driving at night.

Why is driving at night more dangerous?

There are several reasons why driving at night is significantly more dangerous than during the day.

  1. Compromised night vision: This is especially prevalent in drivers over 60.
  2. Fatigue: 1 in 25 adult drivers report falling asleep in the last 30 days, and many more admit to driving while sleep-deprived. [2]
  3. Rush hour: Roads get more crowded and dangerous between 4 and 7 p.m. due to drivers eager to get home after work.
  4. Impaired drivers: Drivers impaired by drugs and alcohol are more frequently on the road after dark.

Tips for driving at night in the dark

1. Be a defensive driver.

Defensive driving is utilizing safe driving strategies to address identified hazards predictably. When you drive defensively, this reduces your driving risk by anticipating situations and making well-informed decisions. [3]

2. Clean your windshield before driving at night.

Built-up grime on your windshield can increase the glare from other cars and streetlights, making it harder for you to see the road. Damaged windshields can have a similar effect, so fix any cracks before driving. [4]

3. Don’t drive while drowsy when driving at night

It’s always important to ensure you’re well-rested and alert when you’re behind the wheel. But your brain makes more sleep-inducing melatonin when it’s dark, meaning you’re more likely to get tired while driving at night. If you experience eye drooping or extreme fatigue, find a place to stop and rest for the night. [4]

4. Check your headlights.

Keeping headlights clean and lit is the key to safe night driving. If just one headlight is illuminated, it not only cuts down on your visibility but can also get you a citation from law enforcement. Double-check before driving that both headlights are on and working. [5]

5. Slow down.

It’s never a good idea to drive too fast and follow the driver in front of you too closely. This could cause an accident if they stop too suddenly. Also, the closer your headlights are, the brighter they can seem and the more distracting they can be. [5]

6. Watch out for pedestrians.

Always take extra time to watch for pedestrians on poorly lit roads. People don’t always wear safety gear, which can be incredibly difficult to see after dark. Also, make sure you’re not driving distracted, whether texting, adjusting the radio, or eating in your car. Taking your full attention off the road is a bad idea. [6]

7. Keep up with your yearly vision tests.

Stay current on eye exams to ensure your vision is at its best, especially while driving at night. If you wear glasses, ensure they are anti-reflective to reduce glare and increase visibility. [7]

8. Watch out for wildlife.

Make sure to be extra cautious, slow down, and keep an eye out for any big animals. Hitting a deer or an elk is hazardous to drivers and passengers, often resulting in thousands of dollars in vehicle damage. [8]

One of the best ways to protect yourself and your vehicle from any harm from driving at night is to ensure you have the right auto insurance.

Sources:

[1] “The Most Dangerous Time to Drive,” nsc.org/road/safety-topics/driving-at-night? (accessed Jan. 6, 2023).

[2] “Drivers are Falling Asleep Behind the Wheel,” nsc.org/road/safety-topics/fatigued-driver (accessed Jan. 6, 2023).

[3] “What is Defensive Driving?” safemotorist.com/articles/defensive-driving (accessed Jan. 6, 2023).

[4] “10 Night Driving Safety Tips You Should Know for Future Road Trips,” self.com/story/night-driving-safety-tips (Dec. 14, 2020).

[5] “Enjoy the Stars: 5 Critical Tips for Safe Night Driving,” driving-tests.org/beginner-drivers/top-5-tips-for-safe-night-driving (accessed Jan. 6, 2023).

[6] “Night Driving Tips: What You Need to Know,” idrivesafely.com/defensive-driving/trending/night-driving-tips-what-you-need-know (accessed Jan. 6, 2023).

[7] “Safety Tips for Night Driving,” verywellhealth.com/night-driving (July 12, 2022).

[8] “Watch for wildlife on highways and avoid costly collisions,” Connor Liess, cdapress.com/news/2022/nov/24/watch-wildlife-highways-and-avoid-costly-collision (Nov. 4, 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. © 2023 Nationwide and Shield Insurance

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What Is Power Steering Fluid?

What Is Power Steering Fluid?

Posted on by Shield Insurance Agency

Nationwide | February 22, 2023 | Power Steering | Auto Insurance | Start a quote today!

Like all fluids in your vehicle, power steering fluid plays an important and specific role in keeping your car operating at peak performance. This fluid is critical for providing the steering system with hydraulic assistance so you can turn your vehicle’s steering wheel easily. It also helps lubricate the power steering pump and the steering components. Power steering fluid even prevents corrosion. Because this fluid serves various purposes, you can see why it’s important to use the right kind. [1]

Where is the power steering fluid located?

When you’re looking for the power steering fluid under the hood, check the passenger side of the vehicle, and you should be able to spot the reservoir. The power steering fluid is usually in a white or yellow container with a black cap labeled “power steering” or “steering fluid.” [1]

How to check power steering fluid

If you hear a whining sound coming from your hood when you turn or if it’s becoming more difficult to turn, your car might be running low on power steering fluid.

Before checking your car’s power steering fluid, warm the engine to a normal operating temperature by turning the steering wheel in one direction until it stops. Next, turn the wheel all the way in the opposite direction. Repeat this process several times, then follow the steps below:

  1. Turn off the engine.
  2. Wipe the power steering reservoir and cap clean with a cloth.
  3. Check the dipstick attached to the reservoir to see the fluid level, then wipe it clean.
  4. If the fluid level is below the MIN line, add new fluid, careful not to exceed the MAX line.
  5. Examine the quality of fluid in the reservoir. [2]

What color is the fluid?

Most power steering fluid is red, amber, pink, or clear. If the fluid is lighter, it doesn’t contain any debris and is okay to use. It likely needs to be changed if it’s dark brown or foamy. [1]

What does power steering fluid do?

Power steering fluid is a hydraulic fluid used in the steering system to decrease the effort required to turn the wheels. It also lubricates the moving parts within the steering system and prevents corrosion in the power steering gear to keep the vehicle working optimally. [1]

How often do I need to replace the power steering fluid?

On average, your car needs a power steering fluid flush every 40,000 to 80,000 miles. Your recommended flush routine depends on your vehicle because the steering system and fluid needs vary by car. Check your owner’s manual for specific manufacturer recommendations. [3]

Can you drive without it?

When you drive without power steering fluid, you need to exert more force when turning the wheel, and the steering is much heavier. If you wait a long time before filling your car with power steering fluid, damage to the steering pump becomes inevitable. When the pump vanes lack lubrication, the risk of damaging the drive belt increases. The shaft and rack seal can also break down without power steering fluid. [4]

Cons of driving without fluid:

  • Noisy steering
  • Jerky or jumpy power steering
  • Difficulty turning the steering wheel
  • Stains or puddles under the vehicle
  • Locked steering wheel [5]

Types of power steering fluid

  • Automatic transmission fluid (ATF): The same fluid used for automatic transmissions can be used in some power steering systems.
  • Synthetic power steering fluid: A fluid usually engineered for specific types of cars or steering systems. Most newer vehicles use synthetic fluid created in a lab.
  • Nonsynthetic mineral power steering fluid: Mineral hydraulic fluid may be used in some instances that accept ATF. [2]

Which power steering fluid is right for your car?

No single rule applies when it comes to power steering fluids for cars. Instead, take time to review your owner’s manual, do some online research, or check with your dealership’s service department to ensure that the fluids you’re using are right for your car.

Power steering fluid substitutes

Can you use brake fluid for power steering fluid?

Using brake fluid in the power steering system will damage your car. Both fluids may have been similar in the past, but now they are very different and should only go in their designated systems. [6]

Can you use transmission fluid for power steering fluid?

It gets a little trickier when deciding if you can use automatic transmission fluid instead of power steering fluid. You want to ensure you’ve done your homework on this one before you consider swapping out fluids. While some systems were designed to use automatic transmission fluid, others require that you use only steering wheel fluid.

Before doing car maintenance on your own, check your owner’s manual to see what the car manufacturer recommends. It should specifically state in the manual which fluid to use. Some models require specific fluid types, such as synthetics, so it’s worth taking the time to track down the correct information. If you can’t find your owner’s manual, contact a car mechanic or car dealership and talk to the service department. [7]

Using the wrong type of fluid can cause damage to some seals, plastic, and rubber components inside your vehicle. And, if it doesn’t mix well with the fluid you’re adding it to, it could create an acidic reaction. [8]

Adding power steering fluid isn’t the only important maintenance task to perform on your car. Use this maintenance checklist to keep up with the various time-sensitive checks and changes your vehicle needs to run at its best.

Sources:

[1] “What Is Power Steering Fluid? Everything You Need to Know,” uti.edu/blog/automotive/power-steering-fluid (Mar. 29, 2021).

[2] “Power Steering Guide: Everything You Need to Know,” Chris Hardesty. kbb.com/car-advice/power-steering-guide (Oct. 12, 2021).

[3] “Do I Need a Power Steering Fluid Change?” chapelhilltire.com/do-i-need-a-power-steering-fluid-change (accessed Dec. 22, 2022).

[4] “Is it safe to drive a vehicle without power steering fluid?” cfmautopro.ca/blog/is-it-safe-to-drive-a-vehicle-without-power-steering-fluid (Jan. 7, 2021).

[5] “What Happens If You Drive The Car With Low Power Steering Fluid?” Tsukasa Azuma. carfromjapan.com/article/car-maintenance/what-happens-if-you-drive-the-car-with-no-power-steering-fluid (May 17, 2021).

[6] “Can I Use Break Fluid in Power Steering? What Will Happen?” drivinglife.net/brake-fluid-in-power-steering (July 2019).

[7] “How Much Does a Power Steering Flush Cost?,” gobdp.com/blog/power-steering-fluid-car/ (accessed Dec. 22, 2022).

[8] “Power Steering Fluid Alternatives,” Richard Reed. thevehiclelab.com/power-steering-fluid-substitute/ (Aug. 31, 2021).

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

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