By Helen Xenedis

Fit is important. Not just for clothing, but for services or products you use every day.

Consider – would you look for a fine rosewood dining suite at the local big box store? Would you expect a Georgian bookcase from your favourite boutique to perform well as garage storage for skis and winter tires? And how about asking the corner lube-shop mechanic to fine-tune your vintage Jaguar?

It is important that products suit your needs, and that you have the right supplier for them.

And less tangible things – including financial products like your home insurance - must fit as well. 

Not all policies, or Insurers, are the same.   Dozens of companies offer homeowners coverage, most with several variations.  A few specialize in protecting luxury homes, and hire underwriters and claims personnel specifically experienced with these properties. Each policy, however, has different features which may or may not appeal to you.

Knowing the differences exist, the challenge is finding the right Insurer for your particular needs.   

And while it is often true that you get what you pay for, the best fit doesn’t always have to cost more.

The best way to start is to consult your broker.  As professional advisors, brokers work for you – not for Insurers – to help you evaluate the available options and make informed choices.  Some are specialists as well. Selecting a broker who understands your lifestyle gives you access to the experience and information most relevant to you, and helps ensure that your insurance fits.

Helen Xenidis is an insurance broker with FCA. FCA has the leading program in Canada for trustees and receivers and a substantial cross border practice for companies that have a presence in Canada and the US. For more information on Helen`s practice, please continue to FCA`s website.