Is Termite Treatment Covered by Insurance in Long Island?
Homeowners’ insurance works to protect you against unexpected costs from disaster in the home. But does it cover termites? Unfortunately, insurance agencies very rarely cover termite-related costs in Tennessee and nationwide.
Insurance policies don’t tend to cover problems that are considered preventable. And the bad news is that insurance companies consider termites to be a preventable problem. While insurance doesn’t cover termite treatment, you can take other measures to protect your property from termite problems, such as termite bonds.
Why Am I Not Covered For Termite Infestations?
Property damage from termites happens slowly and over time instead of suddenly or accidentally, which is typically the case if your home becomes damaged by a fire or storm. For this reason, insurance agencies rarely cover termite-related costs. Even though your insurance likely will not cover preventative termite treatment, you should not let that stop you from investing in regular service from a professional pest control company. Some companies also offer termite bonds that can provide you with protection that your insurance policy cannot.
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Termite Treatment Cost When Buying a Home in Long Island
If you are planning to buy or sell a home in Long Island that has a history of termites, you may be wondering who is responsible for the costs of treatment. The following outlines how the process typically works:
- In almost every state in the county, the seller of the home must pay for termite inspections.
- If past or present termite activity is found, the seller is usually also responsible for covering treatment either up-front or in closing costs.
- The property buyer is most often responsible for anything considered to be termite prevention for the future.
Do I Need a Termite Bond?
Termite bonds are a form of insurance that works to protect you from the costs of treating infestations. In most termite bonds, the pest control company will pay for any damage caused by termites. The hope is that with regular treatment and prevention made possible by the termite bond, termite infestations will not become an issue. To learn more about this option, the team at Arrow Exterminating can help!