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What is a binding move estimate?

Question:
What is a binding move estimate?
Answer:

Written Estimates for Interstate Moves

Your mover must provide you a written estimate of all charges, including transportation, accessorial, and advance charges. Your mover's "rate quote" is not an estimate. Be sure the estimate is based on actual or virtual inspection of your household goods.

Binding Estimates for Interstate Moves

A binding estimate guarantees that you do not have to pay more than the estimated amount at the time of delivery. However, if you include additional items and services to your shipment, or there are unforeseen circumstances such as stairs, elevators or required parking permits, in this case the mover must prepare a new binding estimate to include all services and items to be transported.  You are required to pay 100 percent of the binding estimate at the time of delivery.

Non-Binding Estimates

A non-binding estimate helps you determine the cost of your move, but it is not a guarantee of your final costs. It should be reasonably accurate and include what your final charges will be based upon such as the actual weight of your shipment, the services provided, and the mover’s published tariff.

Under a nonbinding estimate, the moving company cannot require you to pay more than 110 percent of the non-binding estimate at the time of delivery. Learn more by reading  Your Rights and Responsibilities When You Move booklet.

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