Coverage for Trailer Interchange and Non-Owned Trailers
Overview of Trailer Interchange Coverage
The utilization of someone else’s trailer is common in trucking business. You’ll need insurance to cover any damage you cause to a trailer that isn’t yours. When you agree to a formal trailer exchange agreement, Trailer Interchange coverage gives that protection. It protects you if you have care, custody, and control of one or more trailers, whether or not they are connected to your truck.
Overview of Non-Owned Trailers
There is no written trailer interchange agreement with non-owned trailer physical damage coverage. Only when your trailer is connected to your truck is coverage available.
This policy, like truck physical damage insurance, requires a deductible and an amount. You may need both trailer exchange and non-owned physical damage coverage depending on your situation.