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Originally Posted by Michael 61
I just had my home inspection done on my house (it’s now been 10 months since I closed). Luckily, no major issues were found, but quite a few minor issues were noted that will need to be addressed with the warranty dept.
The inspector brought up the termite bond that comes with the new build (from Massey), as it expires in December unless I renew it. He advised that I let it lapse, and that there is really no need for termite bond for the new homes south of 44, as they are sufficiently treated to protect against termites for many, many years. He felt it was an unnecessary expense, that many homeowners get out of “fear”, rather than something that’s needed.
So, that got me thinking as to whether I will renew my termite bond or not. Would like to hear what others have done who have purchased new homes in the last year or two. Also, has anyone heard of termites being an issue south of 44? Thank you.
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We buy it mainly for the periodic termite treatments (Deans). I view Deans termite ‘insurance’ as an added benefit. Deans termite package = periodic termite treatments + termite insurance. At least with Deans, if you don’t buy their termite package, you don’t get their periodic termite treatments.
The topic of buying termite insurance has been discussed a lot on TOTV. Yes, there are termites in central Florida (see the link below from U Florida, for example). The challenge is we rarely see termites and, when present, they cause a lot of damage. Since we almost never see them, they are sort of a hidden risk. Like any decision to buy most forms of insurance, it comes down to one’s perception of _their_ risk, their tolerance of risk, and their level of discretionary income and wealth.
If you are going to talk with others about termites, talk with some who have lived in Florida at least 10 years. Like hurricane risk, termite risk in Florida is not the same as termite risk ‘up north’.
ENY-2079/IN1360: Termite Species Distribution in Florida and UF Termite Identification Services