What is a Termite Bond and Do You Need One

by MTB Pest Control

termites in your yard When purchasing a home, it’s essential to ensure it is safe and in good condition. Structural integrity is a crucial factor to consider, and one often overlooked aspect is the presence of termites. To guarantee a termite-free property, special inspections may be necessary. In this article, we’ll delve into the significance of wood-destroying insect inspections and termite bonds. These evaluations are vital for both buyers and sellers in the real estate market. We’ll explore their definitions, advantages, and their pivotal role in safeguarding the investment of potential homeowners.

What Is a Wood-Destroying Insect Inspection?

A wood-destroying insect inspection is a crucial component of the home buying process. Mandatory for certain types of loans like, VA home loans, this inspection benefits both buyers and sellers. During the inspection, a pest control professional assesses the property for visible signs of wood-destroying insects such as termites.

Upon completion of the inspection, a Wood-Destroying Insect (WDI) report is generated to document the findings for all parties involved in the sale. This report confirms or denies the presence of wood-destroying insects and discloses any evidence of previous treatment that may have been found.

What Does Termite Bond Mean?

Unearthed unwelcome termite visitors in your WDI report? A termite bond can be your shield against these destructive pests. Here’s a breakdown of what a termite bond entails and why it matters:

What is a Termite Bond?

A termite bond is a warranty agreement between you and a pest control company. It provides protection against future termite infestations, offering peace of mind for homeowners.

Types of Termite Bond Coverage:

Retreatment Warranty (Most Common): This covers the cost of retreatment if termites return after the initial treatment. Note: Repairs for termite damage are typically not included.
Repair Warranty (More Comprehensive): This offers the most protection, covering both retreatment and repairs for termite damage caused by a covered infestation.
Key Points: It’s often more expensive and may require specific home features for eligibility. Deductibles may also apply.

Why You Need a Termite Bond:

Homeowners Insurance Exclusion: Standard homeowners insurance policies don’t cover termite issues typically excludes termite damage. A termite bond offers vital protection.
Financial Safeguard: Termite repairs can be costly. A termite bond acts as a financial safety net, minimizing the financial burden of repairs.

Why Termite Bonds are important for Homeowners.

Termite bonds offer homeowners assurance that their property is protected against termite infestations. These agreements guarantee that qualified pest control experts will eliminate any termite problems that may arise. While termite bonds can only be issued by certified pest control companies, home inspectors are often familiar with such companies and can suggest suitable options based on your specific requirements.

The bond specifies the treatment schedule and services to be provided, often with re-treatment and repair assurances at no extra cost. An annual inspection is usually included in the bond agreement.