- Homeowners with wood or pellet stoves should maintain them and may need to provide documentation to their insurer that the stove is in good condition
- If a fire caused by the stove is not the policyholder’s fault, they may be covered
- Homeowners insurance policies may have specific provisions excluding coverage for damage caused by a faulty or inadequate installation, workmanship, or maintenance of the wood stove
- Most policies will increase premiums slightly if a wood stove is present in the home, but this is usually not a significant amount
- Homeowners with pellet stoves may see less of an impact on their premiums than those with wood stoves, as pellet stoves are much less likely to cause fires.
I had been thinking about getting a wood or pellet stove for a while.
I wasn’t sure if insurance would cover it, but I knew that I wanted to get one installed in my home.
I did some research online and found out that many insurance companies do cover wood and pellet stoves, but there are a few things you need to do in order to make sure you’re covered.
First, you need to make sure that your stove was professionally installed or meets local fire codes. If the insurer requires a licensed contractor to install the stove, expect to pay an extra fee for this service.
If you’ve installed your own stove, or if it was installed before you bought the property, you might have to provide documentation to prove your stove is safe before the insurer agrees to cover you. You may also need to provide certification that your wood or pellet stove model has been inspected for defects.
Most policies do provide protection if a fire damages your dwelling or personal property. Sometimes, however, policies have provisions that exclude coverage for damage from faulty or inadequate workmanship, installation and maintenance.
Imagine you install your own wood-burning stove. If your insurance provider does not require an inspection and your home burns down, your policy may not cover you if the fire was a result of your own workmanship.
That’s why it’s important to check with your insurance company before installing a wood-burning stove – so that you know what’s covered and what’s not.
- What do I need to know about wood and pellet stove insurance?
- Types of wood and pellet stove insurance:
- How do I know if my wood or pellet stove is covered?
- When should I make sure that my wood or pellet stove is covered?
- What will my wood or pellet stove insurance cover?
- Can I cancel my wood or pellet stove insurance?
- Is there a service that provides wood or pellet stove insurance?
What do I need to know about wood and pellet stove insurance?
Stove insurance usually covers the stove and the area around it.
Wood or Pellet stove insurance may be required for some houses but not others.
Insurance companies will usually only cover wood or pellet stoves if a fireplace in the home is already installed and configured.
Types of wood and pellet stove insurance:
Insurance companies will usually only cover wood or pellet stoves if a fireplace is already installed and configured in the home.
Wood or pellet stove insurance policies are designed for replacement cost rather than actual cash value (ACV) like other types of home insurance.
A homeowners policy may require additional coverage for a wood or pellet stove; the procedure usually calls for replacement cost coverage in these cases.
How do I know if my wood or pellet stove is covered?
The documentation for your home insurance policy will tell you whether the policy covers wood or pellet stoves.
If you do not have documentation about whether your wood or pellet stove is covered under your current home insurance policy, then you can call the insurance company and ask.
If you are insured, you can also ask the insurance company if your wood or pellet stove is covered.
When should I make sure that my wood or pellet stove is covered?
As a homeowner, you should usually call your insurance company to check on your policy and whether they will cover a wood or pellet stove in your home before there is an issue. In other words, plan.
As mentioned above, most homeowners’ policies will cover most wood or pellet stoves.
However, checking whether your wood or pellet stove is covered is essential because you never know when you might need coverage.
If you are required to purchase additional home insurance for your wood or pellet stove, it will be essential to find a policy that covers your wood or pellet stove.
This is because many homeowner’s policies only have ACV coverage, not replacement cost coverage, meaning if you have a small wood or pellet stove and your home insurance does not cover that kind of item, there is nothing that can be done about it.
What will my wood or pellet stove insurance cover?
Your home fire insurance policy will cover your wood or pellet stove and the area around it.
Your insurance policy may also cover any items damaged by fire, smoke, water, and other things caused by a fire.
If you accidentally set your wood or pellet stove on fire, you could be covered for damage to your property and belongings and personal injuries.
If you have an accident with a spark from burning wood or pellet stove and burn your home down, your insurance company may also pay for it.
Can I cancel my wood or pellet stove insurance?
Some insurance companies require you to buy additional coverage for your wood or pellet stove if you don’t already have a similar range under your current home insurance policy.
If this is the case, you will not be able to cancel your wood or pellet stove policy, but you can switch insurance companies if you choose.
As we mentioned above, most wood or pellet stove insurance will be included in your policy, but you can also call the insurance company and ask if your wood or pellet stove is covered.
Is there a service that provides wood or pellet stove insurance?
Many companies provide homeowners and business owners with home fire insurance policies; we do not recommend using any of these companies to get Wood or Pellet Stove Insurance unless they are an Insurance Company you already know and trust.
The best way to ensure your wood or pellet stove is through your insurance provider.
Homeowners and businesses looking for Home Fire Insurance should visit their Insurance
Most home insurance policies cover wood and pellet stoves.
Find out now if a wood or pellet stove is covered under your current home insurance policy because this can save a lot of time and money later on.
If you need additional coverage for your wood or pellet stove, check to see if it is available before you buy.
If you need extra wood or pellet stove coverage, do not buy a policy that does not cover your type of stove.