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Yes, it is possible. An electrical fire can break out if the compressor has inadequate ventilation. When it overheats but doesn't have a proper thermal cutout, this can cause the motor to short-circuit and catch fire. This risk is exacerbated if flammable materials, like dust and fallen leaves, are clogging the unit. The compressor overheating won't start a fire by itself, but poor maintenance and installation can increase the risk once it hits its breaking point and short-circuits.

Chimney caps are necessary both from a building safety standpoint in most municipalities and to keep your home protected from a variety of issues. Chimney caps are not only mandated by building code in most areas, but they also serve to keep squirrels, raccoons, and other pests out of your home, as well as snow and rain. Therefore, they help to avoid property damage, making them a worthwhile investment.

The best way to store firewood is outdoors and away from your home, shed, or garage. Stacking wood against your house can be a fire hazard and attract unwanted pests. Store your firewood under a shelter where it's protected from rain and snow but still exposed to sunlight and open air. You can lay a tarp on top to help keep moisture out.

It’s technically possible in some areas to install your own fire suppression system, but it’s usually not a good idea. Your system must conform to the fire code in your area and will need to pass a rigorous inspection before being activated and deemed safe. Installing a fire suppression system is a complicated job, and making mistakes as a DIYer is likely. Those mistakes can cause you to fail your inspection, which means you’ll have to spend more time fixing the issues or money to have a certified plumber do the work for you. It’s best to hire a professional.