A termite bond is a contract between a homeowner and a termite control company. The bond allows the homeowner to pay what is essentially a retainer fee to a pest control company. The bond outlines the frequency and type of treatment to be provided, and may include retreatment and repair guarantees at no additional charge.
Bonds may be offered during the home inspection process, when a home is sold or after treatment has been provided for an active infestation.
Bond terms can vary by company and state (to account for differences in termite activity levels). Some bonds cover only retreatment. Other bonds cover retreatment and repairs for termite damage after treatment is provided. Careful documentation of inspections is required to demonstrate when the damage began and if it is related to the treatment provided. Some termite treatments provide control of active infestations only – not future infestations. Damage caused by future infestations would not be covered for these types of treatments.
Typically, the terms of the bond dictate that a pest management professional will inspect the home on a regular basis (usually quarterly or annually, depending on the treatment provided) and provide additional treatment, when needed.
Do I Need a Termite Bond? Termites damage approximately 600,000 U.S. homes each year. Homeowners insurance rarely covers this damage. In parts of the country where termite infestations are particularly likely, a termite bond with a reputable pest control company can help protect your home from potential termite damage.
If a professional termite inspector finds no signs of termite activity, you may think you do not need a termite bond. However, similar to home insurance, termite bonds are valuable in the protection they provide in case of an infestation. A termite bond can provide peace of mind that your home is being inspected regularly by trained professionals, which helps reduce the risk of damage.
Cost of a Termite Bond The cost of termite bonds varies depending on the terms of the bond, type of species covered by the bond, treatment included, region of the country and pest control company. Two important considerations when purchasing a bond include transferability – if your home is sold – and the longevity and stability of the bond provider. If the pest control company moves or goes out of business, your bond may not be honored by another company.