Moving Companies Quotes: Rules for Binding Estimate Explained

1. Moving Companies Quotes: Rules for Binding Estimate Explained Understand what are binding moving companies quotes. Learn the rules that the moving companies must observe when preparing and implementing a binding estimate. Binding and non-binding estimates are the two types of moving companies quotes that Movers offer. Binding quotes can further be said to have subtypes of binding and not-to- exceed binding quotes. With this article, we will tackle all the rules pertaining to binding estimates as observed by FMCSA. Let’s begin with understanding their meaning. A binding quote means that the price quoted is the amount you pay. The price doesn’t change even if your belongings weigh more or less than the estimated weight. A Binding Not-To-Exceed estimate is probably the best type of estimate that movers offer. With this type of quote, if the actual weight of your belongings is more than the estimated weight, you still pay the quoted amount, however, if the actual weight of your belongings is less than the one shown in the written estimate, you pay the lesser amount. This way you will never pay a higher price than what’s on the estimate. Now let’s understand the rules thatfull service moving companies must observe when preparing and implementing a binding estimate. These are governed by FMCSA. Binding Moving Companies Quotes Accurately Describes Everything! The binding quotes must accurately depict all the belongings that are to be moved along with all the moving services that the movers will provide. The quote must clearly state that it

2. is binding to you and to your movers. It also states that charges are only for services outlined in the estimate. At the time of delivery, the movers cannot charge you more than the amount initially agreed and shown on the binding estimate. It Must be in Writing and Signed by Both Parties All binding moving companies quotes must be in writing. A copy of this contract must be provided to you before the move. The movers also must secure a copy of the binding estimate and attach it to the bill of lading. This contract must be signed by both parties on a moving day before commencing the move. Payment Terms & Conditions Once you agree to a binding estimate, know the mover’s payment terms, since you must pay the quoted amount at the time of delivery. Whether they ask you to pay prior to moving or to extend credit or to accept a credit card, depends on the moving company. In case you fail to pay the mover upon delivery, the moving company can possess your belongings and place them in storage until you can pay the quoted price estimate. You will also have to pay storage fees in such cases. Adding Additionally Required Moving Services The movers have the right to refuse you service if they believe you have additional belongings which are not stated in the estimate. If you need to add any item last minute, talk to your mover so you can work out an agreement before they start to load your belongings on the moving truck. If you add additional services after the mover loads all your household belongings, the additional charges must be billed after the shipment is delivered. Save on your Moving Cost with Moversfolder & Get Free Moving Quotes: Planning to move and want to get the best deal around, then there is no better way than comparing free moving companies quotes by completing a simple, easy-to-use request form at Moversfolder. Compare the prices and services offered by the best local or long distance moving companies in your area by sending just one quotation request.