You may be on to something. Check off all of the boxes in the attached link.
Termite Distribution - University of Florida, Institute of Food and Agricultural Sciences
I see two parts that we pay for.
1 = Treatment around foundation to prevent termites. done three or four times per year.
2 = Termite Bond (insurance) to pay for damage if it does occur. That's where it gets tricky.
Some have said you can't sell a house without a "termite bond", but I think more likely you can't sell a house without a termite "inspection". (if it's mortgaged)