Trailer Interchange Insurance
Most freight companies that purchase commercial truck insurance policies need to buy insurance for trucks, trailers, cargo and business.
It’s common, however, for trailers to be interchanged between shippers and trucking companies, and also between multiple trucking companies.
Just like your traditional auto insurance policies, trailer insurance oftentimes doesn’t protect against damages sustained while non-company drivers are in control of your trailers.
Despite this, it’s important that commercial trucking insurance protect trailers while trailer interchanges are in effect—trucking companies save tons of money, hours and taxing driver time by working together, so letting truck insurance red tape get in the way of that doesn’t make much sense.
Trailer interchange insurance solves the problem of trucking insurance claims getting convoluted in the event a trailer is damaged during an interchange.
Trailer Insurance
Trailer interchange insurance allows a company’s truck insurance to cover trailers that may belong to other trucking companies, as long as there is a written trailer interchange agreement between the two.
What Trailer Interchange Insurance May Not Cover
It’s important to note that trailer interchange insurance is specifically designed to cover damages to a trailer - not the contents inside. It’s not a substitute for cargo insurance coverage by any means.
Other Policies to Purchase with Trailer Interchange Insurance
Trailer interchange insurance is a separate truck insurance commodity to account for trucking companies that have special trailer interchange agreements.
It’s not a substitute for covering owned trailers with dedicated trucking insurance.
It’s always required by law that trucks have at least some type of trucking liability insurance coverage. It’s also always a good idea to look at physical damage or comprehensive coverage so your own assets are protected in the event of an accident.
Talk to an agent today for more info on trailer interchange insurance or to receive free commercial truck insurance quotes!
