Answered by Staff WriterApril 17, 2013
Binding is a strong word, implying there is no room to budge. That is the case when considering the moving-term binding estimate. But binding estimates are not the only type of options moving companies offer. With three available approximations, you are always given a few affordable alternatives to decide from.
A binding estimate is governed by certain rules, offering both advantages and disadvantages you should consider. An advantage to a binding estimate is that if a moving company weighs and prices all of your household items and finalizes a figure, they must adhere to that total, regardless of whether you tack on additional boxes or furniture to be moved. On the contrary, a disadvantage to a binding estimate is that the moving company has a right to charge you for any added boxes or furniture that you may add to the move, making the weight more than what was originally estimated.
Not as strict a binding estimate, the non-binding agreement made between you and a moving company can and will often fluctuate, giving you a little leeway to work with while you relocate. Most commonly used by movers in the industry, the advantage of the often free, over-the-phone estimate is that it can be provided quickly. The disadvantage of the understanding is that the total moving figure can and will change once you factor in other services rendered or additional weight added to shipment.
Probably the most popular form of estimate, the binding not-to-exceed agreement between you and the moving company assumes you will pay a certain amount regardless of additional services or weight added to your move. The clear advantage is that you can fluctuate freely, not feeling constrained, which makes for a less stressful move both mentally and financially.
Before deciding on whether you will choose a non-binding, binding, or binding not-to-exceed, get quotes from several moving companies listed at Movers.com. Once you have made an informed decision, hired a company and completed your move, please take a brief moment to fill out a moving review so other families relocating can read about the estimate and company you choose.