What is a Binding Estimate?
Binding estimate is a precise cost for services rendered. You will know in advance the entire total for the cost of the move. This will include everything from packing, loading and unloading. Keep in mind if you cannot be unloaded when the load arrives at the destination, an additional storage charge will be owed.
This will be a separate bill from the binding estimate. If the distance from the truck to your new residence is longer than specified, additional charges can be added.
A Binding estimate simply means that the price quoted in the estimate is the amount you pay, even if your shipment weighs more than the estimated amount or less than the estimated amount.
It is important to go over everything with the mover. You need to include every item that will be shipped. If you are planning to have the movers pack your property, this will be included in the binding estimate as well. Anything and everything you need done on moving day must be included upfront for the estimate to accurate and binding. Anything added on moving day or when unloading will cost extra when the final bill is due. Always check the area you are moving to and find out all the information you need to supply to the mover doing the physical inspection.
Should I get a Binding Estimate?
However the price for a Binding estimate is more expensive than a non binding estimate.
The reason for that is that moving companies will want to protect themselves in case that their estimate was wrong or if their representative under estimated you.
For example if a moving company believe the total weight of you goods is 3000 Lbs they will ask you to pay for 4000 Lbs , same thing with packing services, if a moving company believe it will cost $300 to fully pack your goods they will ask you for $500 just to go on the safe side.
You can assume that Binding Estimate will cover all your moving needs except the following:
You should still make sure to check that all services are included in the estimate and has that in written.