Terminix...tme

Just got a quote for termite/pest control for my house. $1300 plus 350 annually. Any damage caused by critters is covered 100% by terminix. Dude that gave quote noted no active termite activity, but did note prior activity in rear deck. Previous homeowners had Orkin protection. I bought 2 yrs ago and have had nothing.

I live in Suffolk county long island, house is 2250 square feet, a touch less than 1/2 acre property. Lots of outdoor wood, deck, gazebo.

Haven't agreed to anything yet. Am I getting ripped off?