Property insurance is a straight forward concept, however it can vary in how it is applied. This post looks at three types of insurance coverage and how they are different.

There are the three types of insurance coverage. Replacement, actual cash value and Extended replacement cost.

Replacement cost coverage will cover the costs of repairing or replacing a property, regardless of depreciation or appreciation. It also insures that the same quality of repair or replacement is issued. The premiums for this type of cover are based on replacement cost values, not actual cash values.

Actual cash value insurance provides cover for replacement and repair costs, minus any depreciation.

Extended replacement cost insurance will pay over the coverage limit if the costs for construction have increased. This generally will not exceed 25% of the limit. When you obtain an insurance policy, the coverage limit established is the maximum amount the insurance company will pay out in case of loss of property.

The guttering is an essential part of not just the roof, but the whole building. Without adequate guttering, a building is susceptible to damage over time that will slowly accumulate to an eventual structural issue.

With autumn arriving, now is the time to make sure your gutters are up to the task of draining water, and are protected against the leaves that fall.

There are many gutter designs available if you are installing or improving a gutter system. Square, ogee, deep flow or industrial gutters are some of the designs available. In order to know which is best suited for your building, check with the supplier who will recommend a system.

As its autumn, leaf guards are an essential part of a gutter system. Gutters that become clogged with leaves become useless, collect water and often fall off as a result of the overflow. A leaf guard is a filter that fits onto the top of the gutter, preventing leaves from entering it, whilst still allowing water in.