A binding estimate is an estimate that guarantees the cost of moving will remain the same before and after the move. Unexpectedly high moving costs are a common moving nightmare, and a binding estimate will help alleviate that worry. A moving company's bound estimate will provide a guarantee that they will stay within the quoted price.
Non-binding estimate
Companies that refuse to provide a binding estimate should be avoided. While they may seem more logical, they do not always account for all of the costs associated with relocating your home. A binding estimate from a company is a great way of ensuring that you don't pay more than you agreed to. This type of estimate will also show that the moving company understands the specifics of your shipment and how much it will weigh.
In addition to binding estimates, you can also request a non-binding estimate. Moving estimates can be a little confusing, especially if you are not familiar with the moving process. However, these estimates are crucial to a successful move, and you should never simply blindly accept a moving company's quote without thoroughly researching it.
Although a non-binding estimate from a moving company is not legally binding, it is still useful for comparison shopping. You can get an idea of the cost and make arrangements if necessary by providing an estimate. Of course, the actual cost of moving may end up being higher than the original estimate.
Binding estimate
It is important to get a binding estimate before you hire a moving company to move your belongings. These estimates will be the most accurate and they will also guarantee that the price won't change. However, you should beware of non-binding estimates as they are often given by rogue movers who are trying to take advantage of you. This can lead to you having to pay more than the original estimate and may leave you stranded without a mover on moving day.
It is important that the moving company clearly describes the services they will be providing when preparing binding estimates. A binding estimate should include a description about what is being shipped as well as the services they will be performing. If additional services are required, they should be billed separately from the estimate. Before the move can begin, the customer should receive a binding estimate in writing.
It is best to choose between non-binding estimates and binding estimates by looking for companies with experience in long distance moving. You'll want to make sure that the company you're hiring has a good track record of moving large amounts of stuff. They should be able provide an estimate based on the type and weight of your goods.
Non-binding not-to-exceed estimate
Before you sign a non-binding not-to-excuse estimate from a moving company, make sure that the moving company is bound by it. This means that it can't add extra charges to your bill without your permission. Also, the moving company must provide you with a copy of the estimate on the bill of lading.
A binding not-to-exceed estimate is the most favorable option for consumers, as it helps them finance the transition with confidence. It guarantees that the moving costs will not exceed the estimate and eliminates unexpected charges and extra fees on moving day. The best thing about this estimate is that it only applies to the actual weight and not the total amount you will have to pay for the service.
However, it's important to keep in mind that a binding not-to-exceed estimate from moving companies is only a suggestion. It's entirely possible for rogue movers to entice you with a tempting non-binding estimate and then charge you a ridiculous amount when they arrive at your new home. To avoid these pitfalls, it's a good idea to do a bit of research and compare multiple moving quotes from different companies.
Benefits of obtaining a binding estimate
A binding estimate from a moving company can help you avoid unpleasant surprises at the conclusion of the move. A binding estimate guarantees that you will be charged exactly what you agreed to before the move. It also guarantees that you will not pay more than the original quote even if your cargo weight changes.
A binding estimate is important when moving because the moving company cannot change the price after loading. If the price of the mover changes after the estimate has been agreed upon, the customer will need to negotiate the change orders. If the mover does not agree with the changes, the customer must pay the difference in full at the time of delivery.
Getting a binding estimate is a great way to compare prices before choosing a moving company. You should also get several quotes from different movers before deciding on one. Binding estimates are generally more accurate, but they're still an estimate – and the weight of your items can change significantly. If you prefer, you can request a non-binding estimate.