When I closed on my house, Deans stopped by and gave me a certificate for termite coverage for free - They said The Villages had prepaid the termite bond for the first year. I believe they quoted me $125.00 to renew the bond next year for my vinyl sided house.
Like Villages07 stated, because I have a lawn pesticide service through Massey they told me they would give me a termite bond for $100.00 next year (which they said was a small discount from their normal price).
$270.00 sounds expensive and may include other services than just the termite bond.
In any case, it sounds like a good idea to me and I plan on renewing it next year.
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