Many homes and cottages use woodstoves as a primary or auxiliary source of heat and as well as a source of enjoyment.

Wood burning stoves can pose a serious fire hazard if they are not installed or operated properly.  Creosote can build up in the chimney and provide a perfect fuel for a chimney fire.

The insurance company may ask to see documentation that the wood stove has been installed by a professional or has been inspected.  Inspections should be performed by a certified Wood Energy Technical Training (WETT) technician.  The wood stove should be certified by the Underwriters’ Laboratories of Canada (ULC), Canadian Standard Association (CSA), or Warnock Hersey.

A woodstove surcharge of 15% is typically added to your insurance premium.

Insurance Tip

If you are considering purchasing an older home, you should consult your insurance broker to see what kind upgrades may be required before obtaining homeowners insurance coverage. You will be able to factor the upgrades into your offer price and you will avoid any unpleasant surprises later on.