Blog Will A Wood Stove Impact Insurance In Canada?

Dec 20, 2021

What to consider for insurance with a wood burning or pellet stove

brick wall with stove

Many regions are approaching heating season in Canada – turning on our furnace, boilers or wood stoves to stay warm. Although wood stoves require specific maintenance and inspections to be insured appropriately, it can be done without a drastic increase in your policy.

We answer your burning questions about operating wood and pellet stoves and insuring them safely.

What is the difference between a wood stove and pellet stove?

If you opt for a supplemental heat source such as a wood stove, there are two types of fuel to choose from - firewood and wood pellets. Pellet stoves operate with a full hopper of pellets and can be controlled with a thermostat. A wood stove must be maintained with fresh wood to keep constant heat.

When choosing which type is right for you, compare each model's benefits, features, and frequent issues.

How much does a wood stove increase insurance?

Wood stoves will increase your premium by 10% or a set amount of $100 or more, depending on your provider. You can have a lower increase by choosing a higher deductible and confirming you are paying only for the features you need.

Hold on to all your maintenance receipts because you are responsible for getting inspections and cleanings. Suppose you do not inform your insurer that you have a wood burning stove or prove any maintenance. In that case, the insurer can deny your claim and cancel your policy.

Wood stove insurance requirements

A professional must install a wood stove and have a current WETT Certificate to confirm that it is installed correctly and meets current building codes. This certification will not only make your stove safer but will help insurers who are underwriting your policy. It will require :

  • Floor protection: protection against radiant heat from the stove and embers with a non-combustible material.
  • Appliance clearances: clearances around the wood burning unit must meet guidelines for how far the stove needs combustible materials and a proper shield installed.
  • No dangerous locations
  • Chimney and flue pipe meet all requirements.

Having a WETT Certification and maintenance records will help you get insurance with a wood burning stove in your living space.