3 Types Of Estimates You Can Receive From A Moving Company

24 November 2014
 Categories: Business, Blog


The average American will move an average of 11.7 times during their lifetime. Many of these moves involve relocating to a new state. Long distance moves can be tricky, and many consumers choose to invest in the services of a professional moving company to complete the task. If you are looking to move in the near future you are probably concerned with the amount of money it will cost you to hire professional help.

Understanding the three types of estimates that moving companies provide will help you guarantee you are receiving the best possible rate on your upcoming move.

1. Binding Estimates

When you call for a price quote, most moving companies will provide you with a binding estimate. These estimates are designed to give consumers a price for moving services based on a set list of inventoried items. In order to ensure that you receive an accurate binding estimate, be sure that you have thoroughly inventoried your belongings.

Should you need to add any items to your moving list after a binding estimate has been issued, you will be required to pay an increased fee for any moving services rendered.

2. Non-Binding Estimates

These estimates are the least desirable because they do not provide a guaranteed price. When a moving company provides you with a non-binding estimate you are only receiving a general idea of the costs associated with the company's services.

The final cost of the professional moving services rendered is based upon the combined weight of your belongings. At the time your items are delivered to your new home the moving company can only charge you 110% of the original non-binding estimate, the remaining balance must be paid within 30 days after delivery.

3. Binding "Not To Exceed" Estimate

When obtaining estimates from moving companies, a binding "not to exceed" estimate is the most beneficial. These estimates are designed to provide you with the maximum cost of moving your belongings. Should the total weight of your items end up being less than the weight used to calculate the original estimate, the amount of money you owe to the moving company will be reduced.

A binding "not to exceed" estimate allows you to accurately incorporate the cost of professional long distance movers into your budget.

By taking the time to learn about the three types of estimates provided by professional movers in today's market, you will be able to avoid any unwanted surprises when you receive your long distance moving bill in the future.