Trailer interchange insurance

Trailer Interchange insurance provides Physical Damage for trailers being pulled by a schedule power unit (Tractor) under a trailer interchange agreement. This is essentially covers for Physical damage for non-owned trailers that you are using on your business. This coverage protects you if the trailer is damaged by collision, fire, theft, explosion or vandalism and other perils.

Who Needs Trailer Interchange Insurance?

If you have a trailer interchange agreement, the owner of the Trailer will require for you to have this coverage to protect the owner of the Trailer while you’re in possession of a container or trailer that you don’t own.

A trailer interchange agreement is a contract that arranges to transfer a trailer from one trucker to another in order to complete a shipment. Typically, the trucker in possession of the trailer is responsible for paying any damages that are incurred while they have the trailer.