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Homeowner's Insurance and Pellet Stove

Post in 'The Pellet Mill - Pellet and Multifuel Stoves' started by kt1i, Jul 16, 2008.

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  1. kt1i

    kt1i Member

    Joined:
    Jun 18, 2008
    Messages:
    69
    Loc:
    Central MA
    I'm wondering what the insurer's reaction is to a pellet stove installation. Will (or did) they raise rates?

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  2. pelletwood

    pelletwood Member

    Joined:
    May 1, 2008
    Messages:
    67
    Loc:
    Lehigh Valley, PA
    My insurance company raised my yearly rate by $50.00
    But considering I am going to save over $1000.00 with pellets, I think it was worth letting them know.
  3. modemgirl

    modemgirl New Member

    Joined:
    May 31, 2008
    Messages:
    42
    Loc:
    Southern MA
    My insurance company just required a form to be filled out, but no increase in rates.
  4. wi-dogfish

    wi-dogfish New Member

    Joined:
    Jul 2, 2008
    Messages:
    18
    Loc:
    WI
    American Family didn't seem to care. I've had good luck with them, but I haven't had any major claims.
  5. terryjd98

    terryjd98 Member

    Joined:
    Jul 1, 2008
    Messages:
    91
    Loc:
    Ontario Canada
    When I called my insurance company they said rates would raise $200.00 a year and I have never had any claims in the last 10 years. Thinking about looking around at different insurance companies and getting some quotes.
  6. pete324rocket

    pete324rocket Feeling the Heat

    Joined:
    Nov 11, 2007
    Messages:
    454
    Loc:
    albert county, new brunswick
    [quote author="terryjd98" date="1216277959"]When I called my insurance company they said rates would raise $200.00 a year and I have never had any claims in the last 10 years. Thinking about looking around at different insurance companies and getting some quotes

    Good idea...they are ******** you....in my opinion.
  7. Pfeiff99

    Pfeiff99 New Member

    Joined:
    Jun 11, 2008
    Messages:
    7
    Loc:
    North Central MA
    Did you all wait till the stove was installed? I have Liberty Mutual, and they are a bit 'uptight' shall we say. I think it's best if we get it installed and inspected before we alert them...then I'm thinking we'll probably end up looking for a new carrier as well.
  8. BubbRubb

    BubbRubb New Member

    Joined:
    Dec 19, 2007
    Messages:
    265
    Loc:
    Hagerstown, MD
    I have Erie Insurance and they didn't seem to care. They said as long as it wasn't a wood stove they would not increase my premium. They did ask if it was professionally installed (it was), so that may have gotten me out of filling out some paperwork.
  9. kt1i

    kt1i Member

    Joined:
    Jun 18, 2008
    Messages:
    69
    Loc:
    Central MA
    I just checked with my ins. agent. My company Safety Ins. just requires a copy of the building (stove) permit on file, no extra charge! :)
  10. valentine92

    valentine92 Member

    Joined:
    Mar 31, 2008
    Messages:
    76
    Loc:
    Lehigh Valley, PA
    I called my insurance co and they said as long as I get a permit and have it inspected by the city then they dont have a problem with it. My rate will not be increasing.
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