I have a Crest of Almire, and I was wondering how the Fire/Shock resistances work on it exactly. I tried bringing the shield up when I was on fire, it didn't reduce the damage or the time I was afflicted by it, and Shock damage is nullified with a shield anyway. Friends of mine with the Grey Owlite Shield see the same thing.
Are shield resistances useless, or only applied when your shield is broken, or what?
Shield resistances work in mysterious ways.
The current belief is that they act as additional defense, against attacks that cause that status effect. I don't know how true that is, though - shield health is a difficult thing to measure.
It might be they reduce the time the status effect lasts if you're affected by it when your shield breaks, or reduces the chance of being affected by it what that happens, but without any real numbers, it's a hard thing to test.