What is a Binding Estimate?

When you are moving, you have the option to opt for a binding or a non binding estimate. If you choose a binding estimate, you need not pay anything more than the estimated amount at the time of delivery. The only exception where you will end up paying more than the estimated amount is when you have opted for additional services.

The moving company will give you the binding estimate details in writing. Once you sign the agreement, you are liable to pay the agreed amount either by cashier’s check, cash, money order or a certified check. When your mover arrives for delivery, you are supposed to keep the payment ready, failing which the moving company will place your items into a storage unit and you will be billed for the storage period as well.

Key points:

• The copy of the biding estimate attached to the bill of landing.
• The estimated amount clearly mentioned on the agreement.
• Charges for any additional services apart from the binding estimate.
• You should not load items not mentioned in the inventory at the time the binding estimate was provided.
• In such a case, you mover may revise the binding estimate or void the original binding estimate and make it a non binding estimate with your authorization.
• You just need to pay the exact amount mentioned in the binding estimate.
• You will have to pay for any additional services that you require after the bill of lading is executed, at the time of delivery.
• Impracticable operations- If your moving company has to do impracticable operations to deliver your items, then he may collect the appropriate charges but not exceeding 15% of the total amount due at delivery.
• You have a 30 day time frame starting from the day your mover provides you the bill of landing pertaining to the impracticable operations charges if any.

Popular searches: Movers license, movers quotes, tips on moving, local movers