Home Insurance: What Sends Rates Soaring

By Lewis Braham - 2012-02-02T23:15:56Z

Photograph by Barnaby Hall/Gallerystock.com

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Heating Fires

More than one-third of Americans use wood-burning stoves, fireplaces and other fuel-fired appliances as primary sources of home heat, according to the U.S. Fire Administration. Heating fires account for 36 percent of residential home fires in rural areas every year. Before installing a wood stove or fireplace, notify your insurer. Some insurers may require proof of certification indicating that a stove or fireplace was installed properly. Without that, premiums can increase. Stoves must also comply with local building codes. Failure to notify your insurer of the installation could lead to a voided policy should a fire occur.