In this paper, the authors verified the formulated principles of the estimation of Gauss-Markov models in which estimated parameters X were random. For this purpose, methods for the prior definition of covariance matrix C X for the estimated parameters were provided, which were used to determine the conditional covariance matrix of observation vector L and then estimate the most probable values of parameters X . Covariance matrix Cov(X) obtained as a result of this estimation was used to define the limit values of the variance of these parameters. Practical application of the proposed method for the Gauss-Markov model estimation for random parameters was illustrated on a fragment of a leveling network of points to determine the vertical displacements of a landslide surface.