Quote:
Originally Posted by Skybo
Jimbo, I was paraphrasing in my last response because even though I had recently read the document, I didn’t have it in front of me at the time I was typing the response. I pulled out the document this morning, so let me clear a couple of things up...
First, I incorrectly called it a “contract”. It is actually a “guarantee” that came in my closing documents. Secondly, the explanation of the renewal fee and the “no additional cost” verbiage is much more clear than the way I wrote it in my original post. So...with regard to the specific issues we are discussing, here is the exact verbiage:
2. RENEWABLE PROTECTION
a. Massey guarantees the Initial Treatment for a period of one year from the Closing date referenced above. Massey agrees to offer the Customer an option to renew this Guarantee each year for an additional four (4) years. The annual renewal fee will be $120.00 for the second year through fifth year.
3. REINSPECTIONS
a. During the effective period of the Guarantee, Massey will reinspect the Treated Structures annually upon Customer’s request or at such intervals as Massey may deem necessary.
4. RETREATMENT AND REPAIR OF FUTURE DAMAGE
a. RETREATMENT. Massey guarantees to perform any retreatment deemed necessary at no additional cost to the Customer as long as the Guarantee is in force.
b. REPAIR OF FUTURE DAMAGE. ... (Too long to type out)
So you can see that their verbiage is much more clear than the way I phrased it. I will say though, like many people, I only remember "hearing" that there was a 5 year guarantee and was taken by surprise when the first bill came.
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120. Our one year anniversary was Nov. 21, 2012.
It's not exactly cheap to live in FL from an insurance standpoint. I too would like to know if anyone has had termite damage, esp. in a cinder block home.