Yes, termite contracts are worth it, in my opinion. Typically, a termite protection contract will come with a valuable annual inspection by the pest control company to identify any new termite activity. Frequently, on these inspections, pest control companies will identify other pest issues, such as rodents, ants, and cockroaches, and also identify other non-related issues such as insulation, plumbing, or structural issues that the homeowner might not be aware of.