The Three Types of Moving Estimates

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Types of Moving Estimates


When choosing a moving company to transport your household, you should consider the types of estimates each company will give you.

Before picking the type of estimate you want to receive, though, you will want to know the different types and how they will affect the final price of your move.

Nonbinding Estimates


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The first type of moving estimate is a called a nonbinding estimate. After evaluating your goods, the mover will provide you with the estimated cost of the move.

Though they will give you the best estimate possible, the mover won't be able to tell you the actual cost of the move until everything is weighed on your moving day. Once your shipment is weighed, your movers will adjust the price.
Depending on whether the shipment is more or less than what was estimated, the cost will either increase or decrease.

Binding Estimates

Nonbinding estimates have a level of uncertainty, however if you receive a binding estimate, you will know exactly what you will be paying. With a binding estimate, the mover will assess your goods and give you an estimate for the move. This estimate is concrete and will not change depending on the actual weight of the shipment.

The good thing about binding estimates is that the cost of your move will not increase, even if the actual weight is high above what was estimated. However, if the weight of your shipment is below the estimate, you still have to pay the agreed-upon price. While this may be a gamble, binding estimates are helpful because they allow you to know in advance what you will pay.

Binding Not-To-Exceed

Binding not-to-exceed estimates are the best option for you, so make sure you ask your potential moving company if they can provide it. With a binding not-to-exceed estimate, the cost of your move will never go above the estimated price.At the same time, if the total weight of the shipment is actually lower than what is estimated, the price will be lowered. Since the price will be adjusted only if it is lower, binding not-to-exceed estimates are your best option.

Now that you know about the three types of moving estimates, remember to ask any potential mover which types they will offer. This way, you can be sure you are getting the best deal possible.

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