Getting a moving quote seems simple enough, but when you start seeing terms like "binding," "non-binding," and "binding not-to-exceed," it can get confusing quickly. Understanding these terms is crucial to avoiding surprise charges on moving day. Here is a breakdown of what you need to know.
1. Types of Moving Estimates
Moving companies typically offer three types of estimates. Knowing the difference can save you hundreds of dollars and a lot of headaches.
2. Binding Estimates
A binding estimate is a fixed price for your move. If you agree to a binding estimate, you will pay exactly that amount, regardless of whether the move takes longer or the weight is higher than expected. However, if the weight is less, you still pay the agreed amount.
3. Non-Binding Estimates
A non-binding estimate is not a guaranteed price. It is an educated guess based on the mover's survey of your items. Your final cost will be based on the actual weight of your shipment or the actual hours worked. This means the final bill could be higher than the estimate.
4. Binding Not-to-Exceed Estimates
This is often the best option for customers. With a binding not-to-exceed estimate, you will not pay more than the estimated amount, even if the weight is higher. However, if the weight is lower than estimated, your price will go down.
5. Watch Out for Hidden Fees
Regardless of the estimate type, be aware of potential extra charges. These can include fees for stairs, elevators, long carries (distance from truck to door), and packing materials. Ask about these upfront.