Understanding a Binding Estimate When Moving

There are two types of moving estimates or price quotes that a mover can provide, binding and non-binding estimates. While non-binding estimates are more common, especially for ​long-distance moves, here, we're going to tackle the binding estimate and look at its rules.

What Is a Binding Estimate?

A binding estimate means that the price quoted in an estimate is the amount you pay—even if there end up being unforeseen extra costs. A non-binding estimate means that the price you pay will probably end up being different than the estimated price movers tell you.

Rules

The following rules come from the Federal Motor Carrier Safety Association (FMCSA) and must be observed by your moving company when preparing and implementing a binding estimate:

Read More: https://www.thespruce.com/binding-estimate-hiring-movers-2435985