Is Termite Treatment Covered by Insurance in Illinois and Indiana?
Typically, homeowners’ insurance policies protect you against unexpected costs due to damage or disasters on your property. However, it is very rare that your insurance agency will cover any costs related to a termite infestation.
Termite infestations can damage your property, so why doesn’t insurance cover the costs? This is because policies typically consider termites to be a preventable problem. Although your insurance won’t cover termite treatment, there are other steps you can take to protect your property from termite problems, including termite bonds.
Why Doesn’t My Insurance Cover Termites?
Termite infestations get worse over time—the damage they cause does not happen overnight. For this reason, insurance agencies rarely cover termite-related costs. Policies cover accidents and disasters that cannot be prevented. 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 against the costs of termites.
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Who Pays For Termite Treatment When Buying A Home In Illinois and Indiana
If you are trying to buy or sell a home with a history of you may be wondering who is responsible for the costs of treatment. The following outlines how the process typically works:
- In most states across the nation, 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.
What Are Termite Bonds?
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 goal is that with regular treatment and prevention made possible by the termite bond, termite infestations will not occur in the first place. To learn more about how termite bonds can keep you protected, contact Terminix Anderson!
