Entering into a termite bond with a local pest control company means you will receive a specified number of inspections and treatments to keep your home pest-free. Let’s look at what homeowners can expect a termite bond to ultimately cover.
What Will A Termite Bond Cover?
Because homeowner’s insurance policies do not cover any termite damage, homeowners are responsible for their pest control needs. They must find a pest control company and invest in a form of insurance known as a termite bond. This is a contract between a homeowner and company where the company agrees to provide a variety of termite services for an annual fee.
The terms of the bond will undoubtedly vary based on a few factors, including the provider and location. Nonetheless, a termite bond is available to protect your home from infestations.
A termite bond typically includes the following:
- Initial termite prevention when the bond begins.
- Annual inspection.
- Treatment at no additional cost, if needed.
- Bond renewal occurs frequently following inspections.
*Contact the team at Poor Boy Termite Control in Scottsdale, AZ for more information!
Why Do You Need A Termite Bond?
These bonds are legal contracts agreed upon by homeowners and pest control companies. The bond contract will contain important information about the provided services, a schedule for said services, as well as details on all terms and warranties.
Bonds are ideal when you live in the southern U.S. where the climate is perfect for these pests. Bonds are also worthwhile investments if your home has a history of infestations.
How Long Do Termite Bonds Last?
As stated above, homeowners can expect termite bonds to last 1 to 10 years. When it expires, homeowners may lose protection against termite damage.
At this time, you will need to renew or extend the bond to keep the coverage.
Termite Bond Benefits
Homeowners will have peace of mind knowing their property is protected against potentially destructive pests.
A termite bond can also save money in the long run by preventing any costly repairs as a result of termite damage.
What Is The Average Cost Of A Termite Bond?
As mentioned, bond prices will vary based on location, provider, and length of the contract. Other factors include termite warranty cost, prevention coverage, and whether the bond is transferrable.
Purchasing this insurance is often much less costly than having to deal with repairs due to termite damage. Costs typically range from $500-$2,500, with an average price of $1,500, according to NFP.
What Is Not Considered A Termite Bond?
Termite bonds are different than letters. Letters may also be referred to as Wood Infestation Inspection Reports. These reports will outline any termite or other insect activity within a structure. A clean letter is generally required by a lender before closing on a home sale.
Meanwhile, termite warranties are only required by local, regional, or national agencies for select home builders. They are sometimes requested of homeowners by prospective buyers as a condition of the final sale.
These warranties are not insurance, although they do provide insurance in a different usage of that word. Termite warranty agreements feature terms and conditions that are provided in the contract before purchase.
Termite surety bonds and insurance are quite similar in that bonds only pay when met with certain conditions. While they are similar, termite bonds are not an insurance product.
How To Get A Termite Bond
In order to obtain a termite bond, homeowners usually need to schedule a termite inspection with a licensed pest control company.
Based on how the inspection goes, the company may recommend a suitable treatment plan. A termite bond can be included in that service package.
Termite Control Phoenix Metro Area
Poor Boy Termite Control can solve all of you termite issues. We only deal with termites as the name implies. We use thermal imaging, with no drilling or guessing. At Poor Boy Termite Control we detect termites and treat them. If you have a termite infestation, Call Poor Boy Termite Control at (480) 994-4240 and schedule an appointment before the problem gets worse!