Does a wood burning fireplace raise your home insurance costs vs having a gas fireplace?
Standard homeowners insurance typically covers damage from fire and smoke including accidental fires.
However, wood-burning fireplaces and stoves pose an increased risk to your home. This increased risk of accidental house fires could mean higher insurance rates or even difficulty obtaining coverage.
So if your home has a fireplace will your insurance premiums be affected? That depends.
The determining factors for home insurance include location, build, size, age of home, condition of roof, HVAC unit, and other key parts such as your fireplace (and the condition of it).
Poorly kept fireplaces pose any even greater risk to the home and may lead to higher insurance rates.
Wood-burning stoves are typically the most expensive in terms of insurance coverage because they are the most risky. Gas-burning fireplaces pose less of a risk to your home and thus generally cost less to insure. Electric fireplaces (essentially fireplaces without fire) may not affect your insurance rates at all.
So in all, the exact amount of any possible surcharge depends on the type and quality of fireplace in your home.