Bonds are a great idea especially if you live in the southern U. They are also wise if your home has a history of termite infestations and needs frequent treatments. After hours calls will be returned the next business day.
Termite bond costs vary depending on the pest control company and the services provided. There is also sometimes more cost involved in getting treatments that go beyond dealing with an active infestation and provide continual protection from termite invasion. Cannot be combined with any other offers or coupons. Does not apply to past balances or outstanding invoices. Rated 4. Reviews Contact. Call now for an instant quote! While probably not a tipping point, given the price point that bonds come at, having a bond in place can make a property more attractive to the next buyer, whether a homeowner or investor.
Our team of analysts agrees. These 10 real estate plays are the best ways to invest in real estate right now. Find out how you can get started with Real Estate Winners by clicking here. Marc Rapport lives in Columbia, SC. He is a writer for CreditUnions. Advertiser Disclosure We do receive compensation from some affiliate partners whose offers appear here. Millionacres Logo.
Tax Deductions Depreciation Capital Gains. New York City Denver Philadelphia. Local Real Estate News. Research Real Estate Glossary. Podcasts Webinars Videos. View Memberships. Search For. What is a termite bond? Carlson says 10 years is typical. And if so, for how much? What attracts them, and where to look on your own Termites are typically attracted to piles of wood, dead trees, tree stumps, tree limbs, mulch, and clogged gutters.
This is because termite damage takes years to occur, and regular inspections are able to prevent it. In contrast, homeowners insurance covers sudden and unexpected events like house fires and unexpected floods. Termite coverage is akin to flood insurance for homes in a flood plain.
If the property is at moderate to high risk, you need insurance specifically for that risk. That means a termite bond with a pest control company or termite damage rider with a homeowners insurance policy.
Only the termite bond, with its periodic building inspections by experts, minimizes the potential damage to your home. A termite bond often results in a discount for termite treatment should it be necessary, versus having to pay several thousand dollars out of pocket when termite damage is discovered and treatment required. A termite bond is a contract, and not all contracts are transferable. If you are researching vendors for pest control services and a termite bond, ask if the termite bond is transferred when you sell your home.
Another facet of the termite bond is the pest control company itself. Few termite bonds are transferable from one pest control company to another, though some pest control companies will let you transfer the contract from them to another service provider. The termite bond usually is not transferable if the pest control company named on the bond has gone out of business. It may not be transferable if the pest control firm does not honor transferred agreements with other companies. There may be fees associated with transferring a termite bond.
And when transferring to a new service provider, a new home inspection with associated fees is required. Termites are small burrowing insects that feed on wood the cellulose. There are over 2, species but they can generally be grouped into four categories: Dampwood, Drywood, Subterranean, and Formosan. Can you answer the question…Do I need a termite bond? Only you know how risk averse you are and whether you want to spend the money. However, it may be well worth it just to have the piece of mind knowing your home is protected.
Getting Rid of Termites at WikiHow. Do I Need a Termite Bond? January 1, No Comment. Related Posts. Leave A Comment.
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