What does trailer interchange insurance cover?
Quick Answer:
Trailer interchange covers trailers you pull that belong to others under a written interchange agreement, protecting you if the trailer is damaged.
Trailer Interchange Insurance
Trailer interchange insurance is essential coverage for truckers who pull trailers owned by others.
What is Trailer Interchange?
A trailer interchange agreement is a written contract where you take possession of someone else's trailer for transportation purposes. You become responsible for the trailer while it's in your care.
What Trailer Interchange Covers
- Physical damage to non-owned trailers
- Collision damage
- Theft of the trailer
- Fire, vandalism, weather damage
Who Needs This Coverage?
- Owner-operators pulling shipper trailers
- Carriers using container chassis
- Anyone with written trailer interchange agreements
- Drop-and-hook operations
Coverage Limits
Typical limits range from $30,000 to $100,000 per trailer:
- Dry van trailers: $30,000–$50,000
- Reefer trailers: $50,000–$80,000
- Specialized trailers: $75,000–$100,000+
Important Requirements
- Must have a written interchange agreement
- Verbal agreements typically not covered
- Coverage applies only to scheduled trailer types
- Deductibles typically $1,000–$2,500
Cost
Trailer interchange typically costs $500–$1,500/year depending on limits and your operation.
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