Termite bonds are contracts with a pest control company that enable you to receive a certain number of inspections and treatments within a year to protect your home from termites.
Termites are one of the most destructive forces of nature in the United States, rivaling hurricanes. But homeowner’s insurance policies do not cover termite damage. So, what’s a homeowner or home buyer supposed to do to protect themself? That’s where a termite bond comes in.
Essentially, a termite bond is a contract between a pest control company and a homeowner in which the company provides various termite treatment or prevention services for an annual fee. The terms of the bond will vary from situation to situation, but they all work to protect you from infestations.
How Does a Termite Bond Work?
Termite bonds vary between companies, but in general, you will receive the following services:
- Initial termite prevention treatment with termiticides
- Annual termite inspection to make sure there are no new signs of termites
- If there are signs of termites, treatment is occasionally at no additional cost
- Some bonds even cover repair costs of your house if damaged by termites after treatment
Say Goodbye to Pest Problems for Good!
How Much Does a Termite Bond Cost?
The cost of a termite bond varies depending on the termite control company and the extent of services provided within the bond. In some cases, there may be more costs involved in getting treatments that go beyond dealing with an active infestation and provide continual protection from termite invasion. However, it’s important to remember that the annual cost of the bond is most likely a fraction of termite treatment should you get an infestation!
Tips for Buying Termite Bonds
- Make sure the termite bond is attached to the home, not the homeowner. If you own a home and you want to increase the value of your home at the point of sale, it is important to be able to transfer this “termite insurance” to the new owner.
- Find out when the bond expires. If you are buying a home, it is important to know when the bond needs to be renewed. It is usually a simple matter to renew a bond and keep the retreatment and repair guarantee in place.
Description: Homeowner’s insurance policies do not cover termite damage. That’s where a termite bond comes in. Essentially, it’s “termite insurance.”
