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Personal Finance Tips for Dealing with Inflation

Personal Finance Tips for Dealing with Inflation

Posted on by Shield Insurance Agency

Nationwide Insurance | September 16, 2022 | Inflation | Start a Quote Today!

Inflation is at the top of everyone’s minds right now. Our recent Nationwide Retirement Institute® survey found the majority of U.S. parents (60%) listed inflation or the rising cost of living as their top financial concern right now. [1] Coming out of the Covid-19 pandemic, we have seen supply-chain issues, as well as rising consumer demand. Add in the fear of a potential recession, there’s a lot in the current environment that is putting pressure on families.

Personal Finance Tips for Dealing with Inflation

We’ll discuss what is causing inflation and how to save money with our personal finance tips that you can take to help deal with inflation.

What is causing inflation?

To put it simply, inflation is a measure of the rate that goods and services are rising in the economy. Inflation can occur nearly everywhere, from basic daily needs and services such as food and housing, and also in luxury goods, such as cosmetics, vehicles, and more. [2] When inflation is rising, it can make consumers’ purchasing power less valuable. If the inflation rate in a given year was 5% and your yearly salary increase was only 3%, you would have less purchasing power in the next year.

So, what exactly causes inflation? There are a variety of factors that can play into the inflation rate rising, but we’ll break down a few here.

Supply and demand

When consumers want to spend more either with cash or by accessing extra credit, businesses could raise prices due to not being able to keep up with supply at the rate that consumers are wanting. Businesses also might see this as an opportunity they can raise their prices more without losing customers, as demand is so high that consumers will buy regardless.

Supply chain issues

Supply chain issues can also lead to increase inflation. The coronavirus pandemic forced many factories to either shut down or limit production. This led to less supply across many different industries. On top of that, there has been a shortage of workers across different industries and it is more expensive to ship products right now.

In short, there is often not one single issue that drives the increase in inflation, and there are a variety of factors that come into play and affect different industries all at once. [3]

How to deal with inflation

While we can’t personally affect how inflation is roaring throughout the country, there are different steps we can take to help ourselves save money and not feel the sting of inflation as hard.

Make a budget

One good step is making a budget to track how much you are spending each month to hold yourself more accountable. You might be spending more than you realize in some areas or find that you have a recurring expense that you forgot about. You can then reallocate your spending to different areas, invest your money, or save some money based on your budget. For some more tips on how to create a budget, view these tips from The Balance or start developing a realistic plan with our budget worksheets.

Save money at the grocery store

While many of us are feeling the extra cost of food and groceries, there are many ways we can try to grocery shop on a budget. Our previous blog goes into detail on 14 different ways that you can save on groceries so you have that money to use elsewhere.

Make extra money with a side job

Side gigs have become increasingly popular these days, as many of us look for some extra cash to meet our financial goals. There are a variety of different ways you can make extra money with a side job, depending on your time commitment and how much you are looking to make.

Here are 13 different side jobs that provide a high reward for low commitment.

Invest

Investing can be a way to get out ahead of inflation and potentially receive a better rate of return on your money. Traditional savings accounts will most likely not provide a larger rate of return than the cost of inflation, so you may not be taking full advantage of your money by leaving it all in a savings account.

Nationwide has many different options when it comes to helping you prepare for your financial future with investing and retirement. Learn more about our annuity, life insurance, mutual funds, ETFs, retirement plans, and more here.

If you are looking for a financial specialist who can help you with your investing needs, you can find one here.

Take advantage of insurance discounts

Insurance discounts are also a great way to keep yourself on budget and save some extra money. Nationwide offers discounts on car insurance and gives our members a variety of different ways to save. We also believe that dependable homeowners insurance shouldn’t strain your budget. View our full range of available home insurance discounts here to help yourself start saving more today.

Work with a finance professional

To make sure you are staying on track with your financial goals, a financial professional can help with money and retirement planning. No matter your stage of life or where you are at in your retirement planning, you can find a financial professional who fits your unique situation to help you reach your financial goals.

Find a financial professional here.

Inflation Conclusion

While we can all certainly feel the sting of inflation in our daily lives and the products and services we buy regularly, there are various ways that we can work to save money and come out ahead. Whether it’s making a budget, finding ways to save at the grocery store, investing, finding a side job, or using Nationwide’s insurance discounts, find what works best for you on how to save money in your daily life.

Inflation Sources:

[1] Nationwide Financial Family Finances Flash Poll Findings, August 2022

[2] https://www.investopedia.com/ask/answers/111314/what-causes-inflation-and-does-anyone-gain-it.asp

[3] https://www.nytimes.com/article/inflation-definition.html

Disclosure:

Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved.

NFM-21839AO.1

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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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Shield Insurance Agency explains how RV insurance coverage works in regard to the theft of personal belongings

Does RV insurance cover the theft of personal belongings that are in the RV?

Posted on by admin

Shield Insurance Blog | RV Insurance | Start a quote today!

What better way to explore the hidden gems of Michigan than in an RV? But theft is an unfortunate possibility that can ruin a vacation.  Shield Insurance Agency explains how RV insurance coverage works in regard to the theft of personal belongings.

RV Insurance Liability Coverage Does Not Cover Personal Items

RV insurance policies typically have different coverage options that you can choose from. The most basic coverage option is liability coverage, which covers damages or injuries you cause to others while operating your RV. However, this coverage does not include coverage for personal belongings inside your RV.

Coverage Options To Protect Personal Belongings

To have full coverage for personal belongings inside your RV, you must purchase RV or scheduled personal property coverage. RV personal property coverage comes as an additional coverage option. It covers personal belongings inside your RV that are damaged or stolen due to covered events such as theft, fire, vandalism, or natural disasters. On the other hand, scheduled personal property coverage covers specific high-value items such as jewelry or antiques.

Keep Your Personal Items Safe

In addition to purchasing proper coverage, there are some preventative measures that you can take to reduce the risk of theft. One way is to keep valuable items out of sight, close windows and doors, and lock them when you leave. It is also recommended to use an alarm system or a surveillance camera to deter potential thieves.

Michigan RV insurance coverage for personal belongings inside your RV depends on your policy options. Liability insurance alone does not include coverage for personal belongings inside your RV.

More questions?

Contact Shield Insurance Agency today; we are here to help.

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Negotiate Pets with Your Landlord

How to Negotiate Pets

Posted on by Shield Insurance Agency

Nationwide | September 28, 2022 | Pets | Pet Insurance | Start A Quote Today!

If you’re worried about finding quality housing that will welcome your pet, you’re in good company. Navigating a tight rental market can be especially frustrating for pet owners. However, it is possible to negotiate your pet with your landlord whether you’ve found a home you would like to rent or are hoping to bring a furry friend into your current residence.

Acquire a landlord permission letter for pets

It’s important to get your landlord’s permission upfront. You can even come to your landlord prepared with a pet agreement to help start the conversation. You’ll want to make sure you have documentation of your landlord’s permission to have your pet on the property. [1]

The law allows for landlord discretion on pets.

Even if your landlord grants you approval to have a furry friend in your home, you still want to clearly read your lease agreement and make sure you understand the rules and restrictions around which pets are allowed on the property. The law allows for landlord discretion in determining whether or not tenants can own a pet as well as what breeds and sizes of animals are permitted. The law also grants landlords the right to impose fees related to pets. It’s important to make sure you’re carefully going over your landlord’s pet policy to make sure you understand any restrictions or limitations before signing your lease. [1]

Tips for negotiating pets with your landlord

Some landlords are weary of having pets on their property because of the potential noise and damage they can cause. This can be a barrier to finding housing that will allow pets, but there are several ways you can help improve your chances of finding a place for you and your furry friend to call home.

Be proactive in the housing search

Give yourself as much time as possible to find pet-friendly housing. If you don’t currently have a pet but are thinking of getting one in the future, you might want to find housing that will allow pets well before bringing one home. You can make your search easier by researching animal-friendly listings online. Ask your friends, family, and social media connections if they happen to know of any pet-friendly landlords or available properties. [2]

Come to the negotiations prepared

If you found a home you like but the landlord is not currently allowing pets, there are a few things you can come prepared with to help change their mind: [1] [2] [3]

  • Pet rent: You can offer pet rent. In most cases, landlords will require it anyway, but offering it helps to show good faith. It should be noted that pet rent is separate from your base rent and should not be incrementally increased as your base rent is increased.
  • Pets deposit: Additionally, you can suggest a pet deposit for any potential damages. Pet deposits are also separate from your standard deposit and cannot legally be withheld for any dispute unrelated to your pet.
  • Sample pet agreement: There are resources online that can help provide a sample pet agreement for you to share with your landlord. Coming prepared with one will help show you’re a thoughtful and knowledgeable tenant.
  • Pets resume with references: Show your landlord that your furry friend is well-behaved by sharing any training certifications your pet has. Even sharing photos of your pet playing with children can help show that your pet is friendly and won’t be a problem to your neighbors, and your veterinarian can also help by providing documentation of your pet’s vaccine records and a letter of reference.
  • Research building policies and local laws that might work in your favor: Sometimes the law is on your side when it comes to having a pet in your rental home. For example, in New York, if you get a pet and the building board doesn’t start a court proceeding against you within 3 months, you’re allowed to keep your pet. Research the laws in your state and find out whether there are any that could apply to your situation.
  • Reasonable accommodation: If you have an emotional, physical, or psychiatric disability, the law allows you to keep an assistive animal, and you’re legally protected from discrimination as a tenant. The law also requires landlords to make reasonable accommodations for you and your pet if your pet is an emotional support animal (ESA). The Rehabilitation Act of 1973 and The Fair Housing Amendments Act of 1988 both protect assistive pets in cases where landlords prohibit pets. In this instance, you may have to produce documentation that your pet is an assistive animal. This documentation can usually be provided by a health professional, such as a psychiatrist, psychologist, doctor or licensed therapist.

Common pet complaints and problems for renters

Even if your landlord grants approval for your pet, you might still deal with some challenges that could even result in eviction: [1]

  • Lease documentation specifies no pets: It’s important to read over your lease carefully and suggest any necessary changes before signing. If your lease stipulates that pets aren’t allowed on the property, make sure this is removed before signing and bringing a pet into the residence.
  • New ownership of property decides to not allow pets: If your place of residence is bought by new ownership that chooses not to allow pets, you may be asked to remove your pet or to leave the property.
  • Complaints from other tenants: This could cause your landlord to issue an eviction notice.

Pets are an important part of the family that help bring comfort and joy into our homes. Protect your pet like family with Nationwide’s Pet Insurance Policies.

Sources:

[1] “Negotiating for Pets: Tips for Success,” bhrentersalliance.org/2017/09/negotiating-for-pets/

[2] ”Information for renters with pets,” humanesociety.org/resources/information-renters-pets

[3] “How to Negotiate Pets with Skeptical Landlords,” emotionalpetsupport.com/2020/03/how-to-negotiate-pets-with-skeptical-landlords/

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 and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2022 Nationwide and Shield Insurance Agency

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Your Guide to Driving in a Roundabout

Your Guide to Driving in a Roundabout

Posted on by Shield Insurance Agency

Nationwide | March 15, 2023 | roundabout | Auto Insurance | Start your quote today!

Even though roundabouts are more common in European countries, they are growing in popularity everywhere in the United States, especially in cities that want to increase traffic flow and prevent clogs at popular intersections. If you haven’t driven through a roundabout before, it can be confusing. That’s why it is essential to familiarize yourself with them so you can move around them safely. [1]

What is a roundabout?

A roundabout is a circular-shaped intersection where drivers move counterclockwise around a center point. There aren’t any traffic signals or stop signs. Instead, every driver yields at the entry of the roundabout to other traffic. Once you’ve entered the roundabout, you may enter the intersection and exit at your desired street. The Federal Highway Administration studied roundabouts and found they can increase traffic capacity by as much as 50 percent compared to more traditional intersections. [2]

What are the differences between roundabouts and traffic circles?

Although most people believe roundabouts and traffic circles are the same, the two have distinct differences. Traffic circles often have stop signs or traffic signals within the circle’s intersection. To enter the traffic circle, vehicles enter in a straight line. Vehicles in the circle have the right of way, while vehicles approaching and attempting to enter must yield to vehicles already in the circle. Traffic circles are designed to allow vehicles to enter and circulate at higher speeds, and they are typically much larger than roundabouts.

The roundabout is designed to provide a more positive direction to motorists as they approach, enter, and exit the roundabout. The entrances are tapered, so the vehicles don’t enter the roundabout at 90 degrees. Traffic speeds are lower compared with a traffic circle. In a roundabout, the entry points are yield-controlled, which prevents traffic from locking up and allows the free flow of vehicles. [3]

Top 7 tips for driving in a roundabout

  1. Slow down. Pay close attention to the change in speed limit around the roundabout and decrease your speed when approaching the entrance. Going slower allows you more time to make decisions and be better prepared to yield to other road users.
  2. Yield. Look around as you approach the roundabout. Yield to the drivers already in the roundabout and pedestrians and bicyclists in the surrounding area.
  3. Choose the right lane. If there is more than one lane, use the left lane to turn left, the right lane to turn right, and all lanes to go through, unless directed otherwise by signs and pavement markings. Make sure to use your indicator to let all cars in the roundabout know where you are going.
  4. Don’t drive next to large vehicles. Always assume trucks and larger vehicles need all available space. Therefore, do not pass them or drive close to them.
  5. Do not stop. Once you’ve entered the roundabout successfully, do not stop. If you miss your exit, continue driving in the roundabout until you have circled and reached your exit again.
  6. Stay in your lane. Do not change lanes within the roundabout. Instead, stay in the lane that you entered and use your right turn signal to indicate your intention to exit.
  7. Let emergency vehicles pass. Make sure to clear the roundabout to allow emergency vehicles to pass. [1]

Benefits of using a roundabout

Compared with other types of intersections, roundabouts have demonstrated many benefits. Roundabouts:

  • Improve safety: Slower speeds are generally safer for pedestrians. In addition, head-on, and high-speed right-angle collisions are virtually eliminated.
  • Reduce congestion: They make traffic efficient during peak hours and other times. Typically, there’s less of a delay.
  • Reduce pollution and fuel use: Fewer stops and hard accelerations mean less time idling.
  • Save money: There’s no signal equipment to install and maintain. Smaller roundabouts may require less right-of-way than traditional intersections. Often less pavement is needed. [4]

What else should you know about roundabouts?

Studies by the Federal Highway Administration suggest that roundabouts can improve traffic capacity by 30% to 50%. They can reduce overall collisions by 37%, injury collisions by 75%, fatal collisions by 90% and pedestrian collisions by 40%. Although the public tends to fear roundabouts when they are first introduced, the approval rate doubles once drivers get used to them. If you are concerned about your ability to successfully navigate a roundabout, consider taking an adult driver’s ed lesson to refresh your skills. [1]

With all this knowledge, now you can take to the road and successfully navigate roundabouts with ease. While on the road, ensure that your vehicle and you are protected with auto insurance.

Sources:

[1] “What Is a Roundabout and How Do I Drive Through One?” driversed.com/trending/what-roundabout-and-how-do-i-drive-through-one (Nov. 16, 2021).

[2] “How to Drive in a Roundabout: A Helpful Guide,” drivesafeonline.org/traffic-school/how-to-drive-in-a-roundabout (March 24, 2020).

[3] “Traffic Circles & Roundabouts,” Gordon Meth, robsonforensic.com/articles/traffic-circles-roundabouts-expert-article (June 4, 2013).

[4] “Roundabouts: A Safer Choice,” highways.dot.gov/sites/fhwa.dot.gov/files/2022-06/fhwasa08006.pdf (accessed Feb. 2, 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 the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company and Shield Agency. © 2023

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How to use car wax

How To Use Car Wax

Posted on by Shield Insurance Agency

Nationwide Blog | March 22, 2023 | Car Wax | Auto Insurance | Start A Quote Today!

If you just bought a new car or had it painted, you want to keep it looking new for as long as possible. Waxing your car with car wax can be very beneficial to maintain that fresh look.

What is Car wax? And what does car wax do?

Car wax, or automotive wax, can be natural or synthetic and is designed to protect the body parts of a vehicle and enhance the paint’s shine. [1]

Waxing your car is a great way to keep it looking sharp, but did you know it has many more benefits? In addition to giving your car a beautiful shine, waxing helps by:

  • Protecting the paint from airborne contaminants and the elements. By forming a protective coat, it prevents corrosive elements (such as salt or tar) and bugs from becoming embedded in your paint.
  • Preventing paint chipping. It also slows the effects of smog, wind, rain, and sun on your finish.
  • Filling in scratches. While you can’t remove minor scratches from your car by waxing, you can help make them less noticeable.
  • Expediting the car-washing process. Without a coat of wax, it’s harder to remove impurities like bugs, sap, and other unwanted substances that can collect during your daily drive.

What are the different types of car wax?

Waxing your vehicle will make it shine and protect the finish from various environmental hazards, mainly birds, tree droppings, and pollutants. There are plenty of car wax types on the market; here are the pros and cons of each. [2]

Liquid car wax

Liquid wax is the best for cleaning, gloss, and durability, but it’s somewhat challenging to apply. Some liquid waxes are also slightly abrasive, which could damage your car’s finish.

Paste waxes

Paste waxes are very easy to apply, but they tend to lose their luster sooner than liquid waxes. It may also contain abrasive components, so be careful when applying it to your car.

Spray waxes

Spray waxes work well for the paint on newer cars and are the quickest to apply, but they do not last as long as a liquid wax. In addition, spray waxes are typically nonabrasive.

Check with the dealership where you purchased your vehicle or the shop that painted it to get recommendations on which type of wax would be best for your vehicle’s finish and the environment you will be driving in.

How often should you use car wax?

To reap the benefits of waxing, you’ll need to maintain a regular schedule. Waiting until it looks like a fresh coat of wax will make your vehicle more vulnerable to small chips and fading paint.

Just as you have a regular maintenance schedule for your engine, it’s essential to have a regular schedule to maintain the exterior. How often you wax can depend upon several factors, including:

  • How often you drive your vehicle
  • Whether it’s parked in a garage or out in the open
  • The type of wax you use

If you want that fresh-from-the-showroom-floor look, some experts recommend you wax your car about once a month. Some of the newer synthetic waxes on the market claim they can keep a showroom-worthy shine for up to a year; others say every three months is sufficient.

One way to tell it’s time to wax your car is to see if water beads on the surface when it’s wet. If not, it’s time for a new coat of wax. [3]

How to properly wax a car

The easiest way to get a super shine is to go to a car wash that provides a professional wax service. But you can also do it yourself and get fantastic results. An electric polisher will make the job easier and faster, but you can also do it by hand and get a beautiful finish.

How to Wax a Car by Hand

  1. Wash your car.
  2. Apply the appropriate kind of wax.
  3. Work in sections and rub in the wax using polishing pads. [4]

How to Wax a Car with a Buffer

  1. Wash your car.
  2. Apply the appropriate kind of wax for a mechanical buffer.
  3. Buff in the wax, being sure to follow the instructions for your mechanical buffer. [4]

Car Waxing Tips

Keep these tips in mind for the best results:

Prep for your wax with clay

A clay bar is used as part of the cleaning process before waxing. Even after a thorough wash, your vehicle will still have some gunk embedded in the finish — which is where clay bars come in. Used with a lubricant, a clay bar grabs these particles out of the finish. As with the waxes, there are various levels of abrasiveness with clay bars, and you need to make sure you use one suitable for your vehicle’s finish.

Once you have “clayed” your vehicle, you can apply a fresh coat of wax to keep other contaminants out. While waxing cannot make your old car look new, it can protect the finish of a new or newly painted car for years to come.

Always wax your car in the shade

Try to wax your car under a protective cover, such as a carport, tent, or other structure. On a sunny day, your car can become hot, and when you apply wax to the hot surface, the wax will dry quite quickly. This makes it more difficult to remove.

Another reason to wax undercover is the possibility of bad weather. The wax can’t adhere properly to the surface of a wet car and can create a sloppy mess. It can also run off the body of the car and get on the molding and plastic parts, which can be a pain to remove. [5]

Apply car wax to small sections

Complete each section before moving on to the next to avoid having the wax dry. Adding more wax will not give you a better shine; it will just make it harder to buff the wax off. If you want more shine, add another coat, but check the label to see how long the first coat should be allowed to dry before applying the second one.

Make friends with microfiber

These are the best towels for polishing your car because they don’t leave behind lint and are great for buffing. Be sure to have plenty of towels on hand, so you’re not using a wax-caked towel.

Use a soft brush for gaps and molding

Keeping a soft brush handy while waxing your car can help get wax off molding and out of cracks. You can buy these brushes at most auto parts stores, which are typically inexpensive. Removing wax from a car’s molding after it’s dry can be tricky, and sometimes the wax will leave permanent staining. Instead, use a soft brush to remove wax from moldings or cracks before it dries to help avoid permanent staining.

Use a random orbital buffer to car wax

Waxing your car with a mechanical buffer can save time and effort, making waxing your car a breeze. Many people prefer rotary buffers; however, they spin in a circular motion at a high velocity, which can cause permanent “burn” marks from the edge of the pad digging into the paint. Rotary buffers can also cause swirl marks due to the pad becoming dry and making micro scratches in the paint.

To help prevent this, use a random orbital buffer, which moves the pad in a random pattern rather than a circular one. This results in an even application of wax without the risk of creating damaging marks. Both the rotary and random orbital buffers are similarly priced. [5]

How long does car wax last?

In each case, the time and care you spend waxing your vehicle will translate into how long the job will last. If you are willing to spend the time and elbow grease, you can expect your shine to last up to 3 months. A general rule of thumb is to wash your vehicle weekly and wax it every 8 to 12 weeks. [3]

Waxing your vehicle is a great way to ensure it stays shiny and looks great. Waxing helps protect your car’s paint from damaging sun rays, abrasive dirt, and chemicals in the rain and snow. Proper, regular waxing can extend the life of your car’s paint and help keep your vehicle looking sharp long into the future.

For more tips on keeping your car in mint condition, discover cleaning tools every car owner should have.

Sources:

[1] “The Truth About Car Wax: 9 Things You May Have Overlooked!” avalonking.com/blogs/guides/the-truth-about-car-wax (March 28, 2019).

[2] “How Car Wax Protects Your Car’s Finish,” turtlewax.com/blogs/how-to/how-car-wax-protects-your-car-s-finish (accessed Dec. 8, 2022).

[3] “How Often Should You Wax Your Car?” Jessica Shea Choksey, jdpower.com/cars/shopping-guides/how-often-should-you-wax-your-car (Dec. 18, 2020).

[4] “How to Wax a Car by Hand or with a Buffer,” Chloe Murphy, leasefetcher.co.uk/guides/car-maintenance/how-to-wax-car (Aug. 26, 2021).

[5] “How to Wax Your Car with Amazing Results: 7-Step Guide,” driving-tests.org/beginner-drivers/how-to-wax-your-car/ (accessed Dec. 9, 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

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How Does Investing Work?

How Does Investing Work?

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Acorns.com | Tim Stobierski | Dec 19, 2022 | Investing | Shield Business Insurance | Start a quote today!

IN A NUTSHELL

  • Investing is when you purchase assets you expect to earn a profit from in the future.
  • Compounding (aka when the returns on your money generate their own returns) the longer your money is in the market, the longer it has to grow.
  • Investing small amounts regularly over time is a habit that will help you build wealth throughout your life called dollar-cost averaging.

You may have heard that investing is the best way to grow your money and reach your biggest financial goals. But what is investing, exactly? How does investing work? And how can you get started? Find the answers to those and other investing questions below.

What is investing?

At its simplest, investing is when you purchase assets you expect to earn a profit from in the future. That could refer to buying a home (or other property) you believe will rise in value, though it commonly refers to buying stocks and bonds.

How is it different from saving?

Saving and investing both involve setting aside money for future use, but there are a lot of differences, too. Check out this chart:

InvestingSaving
Always involves risk. Even the safest investments involve some risk that could cause you to lose money.Rarely involves risk. If your cash sits in an FDIC-insured savings account (which protects up to $250,000), you typically don’t need to worry about losing any.
Higher potential for growth. Depending on how much risk you’ll accept, it’s possible to earn a large return on your investments. With stocks, for example, the long-term average is nearly 10 percent per year.Lower potential for growth. Virtually all savings accounts will pay you interest for keeping money in your account. But it probably won’t be much and often fails to keep up with inflation (the rate at which prices are rising).
Usually best for mid or long-term goals. Generally, it’s best to only invest money you won’t need for a little while, as the stock market fluctuates and you don’t want to be forced to sell stocks that are down because you need the money.Good for short-term goals. A savings account, being essentially risk-free, is ideal for immediate purchases as well as any money that you can’t afford to lose in the short term (such as an emergency fund).
May be difficult to access quickly. Before you can spend any of the money you’ve built up through investments, you’ll have to sell them. With stocks, it could take days before the proceeds are settled in your bank account, and selling property can take months (or longer).Readily accessible. Generally speaking, you can access money in your savings account anytime.

What’s the difference between investing and trading?

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Microplastics are fragments of any type of plastic less than 5 millimeters (mm) in length and are an increasing topic of risk

Microplastics

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Liberty Mutual Business | Commercial Insurance | Microplastics | Start a Quote Today!

Microplastics are fragments of any type of plastic less than 5 millimeters (mm) in
length and are an increasing topic of risk discussions due to their prevalence in
the environment and the negative impacts they potentially pose on the earth and its
inhabitants. The term microplastics was first introduced to differentiate these smaller
fragments from their larger counterparts, macroplastics, which describe larger plastic
waste, such as plastic bottles.

Two classifications of microplastics are
currently recognized

Primary Microplastics

Primary microplastics include any plastic fragments or particles that are already 5 mm (5,000 mm) in size or less before entering the environment. Primary microplastics are purposefully manufactured and can include feedstock for manufacturing plastic products, such as plastic pellets (also known as nurdles), microfibers from clothing, microbeads in personal care products, glitter, and industrial abrasives. Once in the environment, microplastics can degrade to be even smaller in size. 

Secondary Microplastics

Secondary microplastics arise from the breakdown of larger plastic products through natural weathering processes after entering the environment. Sources of secondary microplastics can include water and soda bottles, fishing nets, plastic bags, shedding of fibers from polyester/nylon clothing, and tire wear. Over time, a culmination of physical, biological, and photodegradation can reduce the structural integrity of plastic debris to a size that is eventually undetectable to the naked eye. This process of breaking down large plastic material into much smaller pieces is known as fragmentation. Microplastics can be further divided into four sub-groups based on particle size: 

  1. Large microplastics (100–5000 mm)
  2. Small microplastics (1–100 mm) 
  3. Sub-micron plastics (100–1,000 nm) (0.1– mm) 
  4. Nanoplastics (1–100 nm) (0.001–0.1 mm) Because of their smaller size, nanoplastics can present additional risks and challenges: 

They may bypass filtration methods intended for larger microplastics. 

They may be less likely to settle, have greater mobility, and may be transported further. • They may be more likely to enter and bioaccumulate in the food chain. 

Due to their higher surface area, faster leaching of plastic additives can occur. 

They may act as pollutant “vectors” because their higher surface area also allows for more adsorption of metals and other pollutants.

Microplastics can also be categorized according to type of polymer, additives used, and shape.

U.S. National Oceanic and Atmospheric Administration (NOAA) and the European Chemicals Agency (Note: 1 mm = 1,000 micrometers [mm] = 1,000,000 nanometers [nm])

Source of microplastics in the environment There are countless sources of both primary and secondary microplastics in the environment, including the following:

Cosmetics: Microplastic “scrubbers”, “microbeads”, or “micro-exfoliates” used in hand cleansers and facial scrubs have replaced traditionally used natural ingredients, including ground almond shells, oatmeal, and pumice. These products are typically composed of polyethylene, a common component of plastics, but they can also be manufactured from polypropylene, polyethylene terephthalate (PET), and nylon. The beads may be washed into the sewage system immediately after use. 

Textiles and clothing: Many synthetic fibers, such as polyester, nylon, acrylics, and spandex, can be shed from clothing and persist in the environment. The process of washing clothes causes garments to lose an average of over 100 fibers per liter of water. Each garment in a load of laundry can shed more than 1,900 fibers of microplastics, with fleeces releasing the highest percentage of fibers. 

Tires: Car and truck tires. which are composed partly of synthetic styrene-butadiene rubber, erode into tiny plastic and rubber particles as they are used. The estimated per capita emission ranges from 0.23 to 4.7 kg/year, with a global average of 0.81 kg/year. In air, 3–7% of the particulate matter (PM2.5) is estimated to consist of tire wear and tear. 

Plastics manufacturing: Plastic pellets (aka nurdles), 2.0–5.0 mm in size, which are used as a raw material to create other plastic products, can enter the environment through spills and other accidents. 

Air blasting: This process involves blasting acrylic, melamine, or polyester microplastic scrubbers at machinery, engines, and boat hulls to remove rust and paint. As these scrubbers can be used repeatedly until they diminish in size and their cutting power is lost, they may become contaminated with heavy metals such as cadmium, chromium, and lead. 

Fishing industry: Recreational and commercial fishing, marine vessels, and marine industries can be sources of macroplastics and secondary microplastics. 

Wastewater treatment plants: The size of microplastics prevents them from fully being retained by preliminary treatment screens at wastewater plants, thereby allowing some to enter rivers and oceans. Wastewater treatment plants only remove an average of 95–99.9% of microbeads. This leaves an average of 0–7 microbeads per liter being discharged. Sewage sludge that is reused as fertilizer after the wastewater treatment has also been known to contain microbeads. Persistence of microplastics in the environment Microplastics are persistent and ubiquitous in the environment, particularly in aquatic and marine ecosystems. The most significant transport pathways to surface water are presumed to be via dust and stormwater runoff. It has been estimated that there are 51 trillion individual pieces of microplastics in the world’s oceans, estimated to weigh 236,000 metric tons. Microplastics can also accumulate in the air and terrestrial ecosystems but the cycle and movement of microplastics in the environment is still not fully understood. Microplastics have also been found in deep layer ocean sediments and in the high mountains, at great distances from their source. According to the U.S. EPA: 

Of the total plastics released to oceans (4.8–12.7 million tons (Mt)/year), 15%–1% originate as microplastics from homes and industrial products. 

About half of the total (3.2 Mt/year) microplastics released, or about 1.5 Mt/year, ends up in oceans. The following are the estimated sources of microplastics to oceans:

  • Washing synthetic textiles (35%) 
  • Tire wear (28%) • City dust (24%) 
  • Road Markings (7%) • Marine Coatings (3.7%) 
  • Microbeads (2%) 
  • Plastic pellets (0.3%) It has been estimated that 80% of microplastic pollution comes from textiles, tires, and city dust

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Scooter safety tips

Scooter safety tips

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Foremost | Scooter Safety | Shield Insurance | Start a quote today!

With increasing gas prices it’s hard not to notice the spiking trend of people choosing scooters as alternate transportation. Whatever make or model you choose to fit your style, you can’t deny the money-saving and environmental effects riding a scooter has over driving a 2-ton motor vehicle that only gets 20 miles to the gallon.

A growing problem with having more people on scooters is how to safely share the road. State legislation varies on scooters; some states equate scooters with bicycles, in-line skates, and skateboards, while other states put scooters in the same category as motorcycles, requiring helmets and regulating where scooters can be ridden. Check your state’s DMV Web site for the appropriate laws and licensing rules for your state.

Regardless of where you live, scooters are most likely sharing the road with vehicles that significantly outweigh them and can easily overtake them. By using common sense and some very simple safety tactics, scooter riders can effectively, and safely, share the road with other vehicles.

Scooter safety tip: Wear a helmet

Even if your state does not require you to, studies show helmets significantly minimize head injuries if an accident occurs.

Scooter safety tip: Use your lights

Always turn on your headlight when you’re riding your scooter even during the day, especially if it’s raining, and of course always in the evening. Make sure you can be seen by other cars.

Scooter safety tip: use turn signals

Just like in a car, you need to let people know where you are going. In addition to a signal light, it’s also a good idea to use hand turn signals that motorcyclists and bicyclists use when they are sharing the road with cars. Based on U.S. standards, for a left turn, extend your left arm straight out in the direction of the turn, parallel to the road. For a right turn, extend your right arm straight out in the direction of the turn, parallel to the road.

Obey speed limits and road markings

Obey all posted limits and follow lane markings. Don’t attempt to make a right turn by coming up next to a vehicle on the shoulder, unless there is a lane. You could easily be in a car’s blind spot and be hit if they turn right as well and can’t see you.

Scooters are a fresh alternative to getting around town while saving money and the environment. Riding scooters present challenges that any motorist faces when sharing the road with vehicles of all sizes and speeds. Keep your head about you and make sure you put safety first when taking your new scooter out for a spin.

Looking for Scooter Insurance?

Foremost offers scooter insurance on all scooter makes and models and offers coverages such as:

  • Physical Damage and Liability
  • Total Loss Replacement Coverage
  • Towing and Roadside Assistance
  • Safety Apparel and Optional Equipment when Physical Damage coverage is purchased.

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Four things you might not realize about boat insurance

Four things you might not realize about boat insurance

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Boat Insurance | Start a quote Today!

Purchasing boat insurance is important for boat owners in Michigan. Shield Insurance Agency provides boat insurance policies that can cover your watercraft.

Before you buy boat insurance, it’s a good idea to spend some time researching how boat insurance works and what the different coverage options are.

The following are four things you might not realize about boat insurance.  

A boat insurance policy typically offers some coverage for belongings in your boat.

If you keep valuable items in your boat, these items can be covered up to a certain amount by your boat insurance policy.

Boat insurance is frequently required by marinas.

You aren’t required by law to have boat insurance in Michigan. However, boat owners often need coverage because it is a requirement of the marina they use to store their boats. 

Boat insurance policies specify a certain geographic area. 

Boat owners need to realize that they won’t be covered if they travel in their boat outside of the coverage region that’s specified by their policy. That’s why it’s important for boat owners to let their boat insurance provider know where they’ll be traveling with their boat when they buy their policy. 

A number of boat insurance policy add-ons are available.

When you buy a boat insurance policy, you may want to take advantage of various policy add-ons. Add-ons available for boat insurance policies include coverage for dock contract liabilities, ice and freezing issues, towing, boat trailers, and equipment like fishing tackle. 

Reach Out To Us

Do you have questions about boat insurance coverage in Michigan? Get in touch with us at Shield Insurance Agency to learn more about boat insurance coverage. Contact us today for a policy quote!

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