What is a Non-Binding Estimate?
When moving from one state to another you’re going to need to find a household moving company in order to help you. These moving companies vary in size and how much they can move, but most all of them will be able to ship a household’s worth of goods. Now, at what price they can do it for will be a different story, and this is really what this blog is all about. Household moving companies typically give two types of estimates, binding and non-binding, when they’re interacting with customers for the first time. Estimates are important for both customers and movers because they give everyone a good idea as to what’s going to happen and how much it’ll cost. This blog will focus on the non-binding estimate and what you can expect when you get one.
A non-binding estimate is pretty much exactly what it sounds like. A moving company can give you a non-binding estimate if you request a quote as long as they tell you it is non-binding. Non-binding quotes are good because they are not a contract or an agreement of any kind; it is simply a moving company giving you an educated guess on the cost of your move depending on certain factors. The problem with a non-binding estimate is that it’s subject to change, pretty much at any time, depending on whether or not certain factors also change. Unlike a binding estimate, the moving company is not required to move any of your goods at the given non-binding rate because it isn’t a contract.
According to law, movers are not allowed to charge you more than 10% over the cost of their non-binding estimate. This is to protect customers like yourself from getting screwed by sham moving companies. In the late 1990’s and into the early 2000’s, the internet made scamming people out of their household goods (or using their household goods to extort them for more money) ridiculously easy. As more and more people began to fall victim to these unscrupulous moving companies, however, new rules were implemented. Now, movers cannot charge you more than 10% of the non-binding estimate upon delivery. A non-binding estimate, remember, is truly an estimate; you and the moving company will likely nail down any additional charges and the like, but make sure you understand that you could end up paying an additional 10% on top of the original price you were expecting to pay.