What does this binding estimate mean?

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-> Moving estimatesFeb 04, 14:47
Question by tjohnson (Tim J.)

What does this binding estimate mean?

I have a quick question ... one of the moving companies I am talking to has given me a binding estimate with a weight allowance credit shipment. Under their price assurance section it says my straight talk price assurance total amount includes the following bound items: If the actual weight is less than the bound weight shown above, a weight allowance credit equal to $52.00 per hundredweight(cwt) will be credited to the customer based on the difference between the bound weight and actual weight or a 2100 pound minimum, whichever is greater... Does this mean I will get reimbursed if the actual weight is less than 2100 .... or it doesn't matter ... there's a 2100 pound minimum and the binding estimate price I received will remain the same... Thanks. John

Feb 04, 14:57
Answer by tjohnson (Tim J.)

John,

If the actual move weight is less than the weight you were quoted in your estimate, you will pay a smaller amount.

However, if you have less than 2100 pounds, you will still pay for a 2100 pound move. The moving company is essentially capping your moving costs at a maximum and minimum amount.

Please be sure to confirm this with your moving company, just to be safe. Here's more information on how a moving company sets your estimate.

Good luck with your move,

Tim J. @ MovingAnswers.org

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