Household Moving Terms: Binding Estimate
In the household goods moving industry, things are done a bit differently than they are when you’re shipping just a vehicle, which makes sense as you’re moving a household worth of goods as opposed to just a car. One of the major differences is in how household moving companies price shipments for customers as compared to the way auto shipping companies do it – many household moving companies will provide either a binding or a non-binding estimate for their customers, and this can have a big impact on your overall household moving price. Governed by a different regulating body than auto shippers, household moving companies have to follow different rules and regulations which result in different pricing methods, and understanding how household movers compile and sell their quotes is an important part of making your household move as positive an experience as possible.
One of the biggest differences is what is known in the household moving industry as a “binding estimate.” Binding estimates are literally guaranteed prices – no matter how much your shipment actually weighs, as long as the shipping inventory matches the goods you load on the truck the price will remain the same. Note how we worded that: your inventory has to match the inventory list that you gave the moving company, and they’re generally pretty thorough about that because household movers need their money just like you do – remember, you’re basically their paycheck. Binding estimates are only binding if everything is the same when they pick your goods up, and if you add more to the shipment be prepared to pay for it – they’ll charge you extra for any additional items not listed on the inventory. Also, shipping less usually won’t lower your price either – for this, you want a guaranteed not to exceed quote.
A quote that is guaranteed not to exceed will charge you less if you are shipping less than what is reported on the inventory list. Guaranteed not to exceed quotes follow most of the same rules as binding estimates, and most of the time movers will call a guaranteed not to exceed quote a binding estimate since all it really does is allow you to pay less if you move less. You’ll want to ensure that’s the case, though, and you need to understand that the same rules apply to guaranteed not to exceed prices as they do to binding estimates. Also note that the most important aspect of a binding estimate will be what exactly you’re shipping; you provide a list of the goods that you need moved, the mover quotes it, and as long as what goes on the truck matches what’s on their list, you will pay the amount you are quoted for.
This is not the case with a non-binding estimate, which we will likely tackle in our next entry to the “Household Moving Items” section of our blogroll. If you’re interested in free household moving quotes you can get them using our free household moving quote request form located on our Household Moving Articles page. That is where our dedicated household moving form is located, and you can fill the entire form out in a minute. If you do, you’ll get multiple quotes from top-rated household moving companies emailed to you free of charge. If you’re looking to ship a car and have some household items you need shipped as well, you can get quotes for both at our standard auto transport quote request form. On the contact information portion of the form, there will be an option to receive household moving quotes as well as car shipping quotes; simply click “yes” to receive both types of quotes absolutely free. You can also call us any time at 800-930-7417 toll-free to speak to one of our live, helpful agents.