I am finally realizing my lifelong dream of building a new home, and am planning to install a wood stove to save on heating costs. But will I end up paying more for my insurance as a result? -- All Fired-up

Dear Fired-Up:

Yes, you may take some heat in the form of a higher premium. Wood stoves -- in fact, any source of heat, other than the standard gas, oil, or electric -- can be a hot issue for insurers, because if they are not installed and used properly, they can pose a serious risk of fire. The trick is to ensure that the stove is approved and that it is professionally installed.

Whether you're installing a new wood stove or buying a house that already has one, some insurers will likely want the installation inspected before agreeing to cover your home. And because your installation is new, you will probably require an inspection by the building inspector for your municipality as well.

There is now an official code that specifies exactly how wood heat appliances should be installed, so make sure you follow it to the letter -- for your own safety.

Just as important as the installation is proper use of your wood stove. Keep anything that is combustible well clear of the stove and stovepipes -- and don't hang wet clothing on horizontal pipes to dry! Check the chimney and flue pipe often for creosote that can build up and catch fire. Clean them regularly, or have them cleaned by a certified professional annually. Use properly seasoned wood to minimize creosote production. Also check the flue pipe at least once a year for signs of corrosion - don't wait until holes appear! Use a covered metal bucket to hold ashes, and store it outside or on a concrete floor away from walls or anything that can burn.

Fireplace inserts, also popular for their fuel efficiency, can pose similar fire risks. Because these devices are not built with the fireplace, there are spaces around them where ashes and other debris can accumulate unseen and eventually ignite.

So if you've made any changes to your wood heat system, be sure to inform your insurance agent or broker, because it may affect your policy's coverage.

While there's nothing like basking in the warm glow of a wood fire on a cold winter night, be sure you keep the home fires burning where they belong!