One big part of the moving process is selecting the right moving company. This comes along with collecting and reviewing estimates. Then once you select a company, you’ll have documents to review and sign. It’s best to prepare yourself and get familiar with some moving terms you should know. Here are some of the most common moving terms you’ll want to understand.
Types of Estimates
Binding Estimate
In a binding moving estimate, a moving company is required to honor the price they provide as long as nothing changes. The binding estimate should accurately describe the shipment along with all the services that will be provided. Payment is due at the time of delivery.
Nonbinding estimate
A non-binding moving estimate is the mover’s best guess of your moving cost. The final cost is usually determined by the weight of the shipment along with the services provided. The actual bill can end up going much higher than the estimate. However, the mover can only require you to pay 110% of the written estimate of the time of delivery. The remaining charges can be billed later.
Megan’s Moving provides a non-binding estimate. We do our best to account for all costs during our in-person consultations with our clients. There’s a reason we were voted a top Orlando moving company multiple times. For more information on estimates, check out this post.
Other General Terms
Operating Authority
You’ll want to make sure the moving company you select has this certification. It is issued by a state or federal government department. The certification authorizes a mover to move household goods between designated geographical areas.
Bill of lading
The bill of lading is the contract between you and the moving company for moving truck transportation of your household or business items. Review it carefully before signing the binding contract.
Cash on delivery (C.O.D.)
An agreement for the customer to make a payment to the moving company upon delivery at the destination.
Standard coverage
This is the free coverage you will receive for damaged goods. The typical amount is 60 cents per pound. When moving around expensive valuables, you may want to consider buying additional insurance.
Transit insurance
Transit insurance in the insurance above the standard coverage that protects your household belongings while they are being transported between your old property and your new one.
Claim
A claim or cargo claim is a statement that indicates any damages or losses on your household items that occurred during your move. If you need to submit a claim, it’s important to do so as soon as possible to make sure any missing items or damages are covered.
Adjuster
A representative who handles claims against a moving company for any damages or losses that occurred during a move.
Additional Charges to Be Aware Of
Accessorial Charges
Accessorial charges accounts for any additional services the movers might do. This can include providing moving supplies, unpacking, and extra pick-ups. It can also include extra fees for long hauls.
Line haul charges
Line haul charges also known as long carry charges are basic charges for long distance moves. It is calculated by mileage and weight of your shipment.
Flight Charge
An additional charge for moving items up or down one or more flights of stairs.
Elevator Charge
An extra charge incurred when moving requires placing things in an elevator.
Bulky Article Charge
Some moving companies charge a fee for large items that require extra handling like a pool table. If you have large expensive items to move like a piano, you want to make sure you work with a moving company is either trained to move these items or have partners that are.
Hire A White Glove Moving Company
We hope this list of moving terms you should know helps you feel more prepared for your upcoming move. Being aware of any additional charges you might face will give you a more accurate forecast of your moving expenses. The most important thing is to find a moving company you can trust and is transparent about all costs. Consider hiring a white glove moving company like Megan’s Moving. We’ll be happy to guide you through the entire moving process. With us, you won’t have to worry about any hidden costs and we go the extra mile to keep your items safe and secure. Schedule a consultation with one of our moving experts today!