Cost is always a big concern when moving. And hiring a mover is always considered the most expensive moving option one can go for. You don’t want to be scammed, and you would like to get the best deal. To ensure that, it is important you understand basic things about moving estimates and quotes. This knowledge will equip you in your dealings with a moving company.
How it’s calculated
- Long distance move: Cost for long distance moves are usually calculated based on the weight of your properties and the distance of the move.
- Local move: For local moves, the cost is calculated on hourly basis; i.e. by the number of hours it will take to complete the move. You should make sure the company do not delay, and you are also not responsible for time wastage, as that could add to your fees.
- Other extra services can be required, and they will come with extra costs. They include such things as items that require special handling, additional packing supplies, need for storage in transit, moving certain items up the stairs, etc. You should discuss all the services you may require and what the cost is for each of them, and also know which ones you can avid.
Types of estimates
- Non-binding estimate: For nonbinding estimate, the charge is not fixed. The final charge can be above or below what the mover estimated, and will be based on the actual weight of your items. When above, the company can only collect 10% of the extra on delivery, while you have up to 30 days to complete payment.
- Binding estimate: A binding estimate keeps the charge at whatever the mover estimates, whether or not the actual move goes higher or lower.
- Binding not-to-exceed estimate: This one is flexible and more consumer-friendly. A cap is set on the price. It cannot exceed the estimate, but can actually come below. When the actual cost is lower than estimate, you pay the actual cost, but when it is higher, you pay just the estimate.
- Your moving contract includes a standard insurance for your properties which is set at 60 cents per pound of each item, and is covered by your movers’ insurance.
- You can purchase additional insurance if you think it is necessary, and depending on the value of your properties. There is the Replacement Value Protection. It offers more protection to your properties in the case of damage or loss. Under this, your mover will repair the item to the way it was, replace it, or pay you for the replacement. You can learn more about this from here.
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