3 Types Of Moving Estimates
Posted on: 8 December 2014
Do you have an upcoming move that you're planning for? Moving can be stressful. You'll have lots of decisions to make and, possibly, not much time to make them. One decision that you shouldn't neglect is the selection of a moving company. Your moving company will probably be one of the largest expenses that you face. They're also responsible for making sure your stuff arrives at its destination intact.
Here are the three most common types of estimates that you'll compare:
Non-binding estimates. These estimates are exactly that - estimates. If you're moving between states, the moving estimate will likely be based on the estimated weight of your contents. If you're moving within the same state, the estimate will probably be based on the approximate number of hours needed to do the job.
Either way, the cost could be adjusted at the end of the move. If the weight was higher than expected or more hours were needed than expected, the moving company could hit you with a surprise bill at the end.
On the other hand, if the weight or hours come in less than expected, your bill could be adjusted downward. With a non-binding estimate, you don't have complete certainty about what the final bill will be.
Binding estimates. With a binding estimate, you have complete certainty. The estimate is calculated the same, using weight for interstate moves and hours for intrastate. However, there's no flexibility if those estimates end up being incorrect. That could work out in your benefit if you have more weight or require more hours than originally estimated. However, if you have less, you'll still have to pay the original, binding price.
Binding not-to-exceed estimates. This may be the most customer-friendly option. In this type, the moving company provides you with a binding maximum cost, so you know with certainty the maximum amount that you will have to pay. However, that price can still be adjusted down if you have less weight than expected or require less hours. Not all moving companies offer this type of estimate, so you'll need to ask each company during your initial call.
For binding and binding not-to-exceed estimates, the moving company usually needs to see your possessions in person to provide an accurate quote. Ask multiple companies to come out and examine your cargo. Then determine how comfortable you are with the certainty surrounding their estimates they have given.
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