What is a Termite Bond?
A termite bond is a contract between a home or business owner and their exterminator. It’s essentially termite insurance on a home or business once the owner has had a termite treatment performed on their property. There are many extermination companies out there, who offer a variety of terms for their bonds on termite treatments. Making sure there are prevention measures in place, retreatment if termites were to reoccur, damage coverage, and more is important when choosing which type of termite bond is best for you.
Misconceptions
Most people think that once a house has been treated for termites, they are never going to return. This is not the case. Bonds are put into place to reinforce and reassure. Yearly reinspections for termites are included in termite bonds, as well as reinforcement of treatment if they were to reoccur within the terms of the bond. That means that not including the year of treatment, a bond lasts for 9 additional years.
Real-Estate/ Buying or Selling a Home
Some real estate agents when buying or selling a home for a client might be misinformed on what exactly a termite bond is. These are not the same thing as termite letters. Termite letters are written by pest control experts and given to real estate agents to specify whether or not a home has ever received a treatment in the past as well as detail any signs of possible damage, mold, and moisture.
As a homeowner, maybe you’ve had a termite treatment done, are looking to sell your home, and are wondering “Can I transfer my bond to the future buyers of my home?”. The answer is yes. As long as you are upholding payments on your bond, you are able to transfer your termite bond to future buyers of your home. Take proper precaution to contact your pest control company about the changes so that they may help you along in the process of changing over bond ownership.
Prevention
Termite bonds help to prevent further damage of your home such as structural damage, further pest issues, moisture damage, and leave you worry free and rest assured that you’re covered if termites or their damage were to ever occur! All you have to do is first, determine what type of termite bond is right for you, then leave the rest up to your pest control provider to make sure your home is safe.
If you suspect you might have termites or want to know more, visit our termite section on our website or Contact Us!