While the insurance may go up, your heat bill will go down.
Remember that wood stoves require maintenance more so than any other type heat. You need to get a hot fire going at least once per day to burn out the residue that can form from a slower fire. I believe I read that a handful of salt will also help to get the residue from forming. I use a temp guage on the smoke stack to get the fire good and hot usually first thing in the morning, and then you can shut it down and run it all day on low.
When my kids were young they used to roller skate in the basement with a wood stove running. Though they knew it was hot, I have often thought about it and if I had to do it again, I would have fenced it off or done something to keep them from accidentally getting over on it. They never did, but I wouldn't take the chance today...guess I am more cautious then when I was younger.
Just not worth a permanent scar, so be sure you don't have young ones, and if you do, make sure they can't get by the stove.