BoBDoG2o02
ArboristSite Operative
I'd risk getting insurance on board before the wood stove install, just in case your municipality isn't keen on basement woodstoves. Anyways, I'd install these around your stove, not super cheap but looks good and easy to install. When I was getting my cabin insured, I put two of these around the stove to cut down the clearance and all was good in the world. I used 1" pieces of 1/2" copper pipe as spacers.
http://www.imperialgroup.ca/stove_stoveboardsheatshields.cfm?c=345
Definately contact your insurance before installing anything. Probablyafter your meeting with the chimney installer.