Trailer Interchange Endorsement (Non-Owned Trailer)
Heaton Bennett Insurance can provide physical damage insurance coverage for trailers, shipping containers, and frames while they’re in your possession under a trailer interchange agreement. Trailer Interchange coverage covers:
- Trailers in your possession under a written Trailer Interchange Agreement
- Your trailers in the possession of others under a Trailer Interchange Agreement
In essence, this is physical damage coverage for non-owned trailers. The coverage can provide insurance coverage for fire, collision, theft explosions or vandalism. If you are hauling trailers that you do not own, you are responsible for paying for damages to the trailer if they occur.
Protect your trucking business with trailer interchange coverage. A Heaton Bennett Insurance agent can work with you to determine the best trucking insurance for your specific situation. We can also quote multiple insurance companies to find you the best rates and coverage for your trucking business. Call Heaton Bennett Insurance today for a free quote.
Frequently Asked Questions
When is trailer interchange coverage needed?
This coverage may be appropriate when a trucking business takes possession of a trailer owned by another party under a written interchange agreement. Contractual requirements should be reviewed carefully.
What types of damage can trailer interchange coverage address?
Coverage may be available for certain qualifying collision, fire, theft, vandalism, or other physical damage losses. Covered events depend on the endorsement and selected options.
Is trailer interchange coverage the same as coverage for a non-owned trailer?
Not always. The applicable coverage can depend on whether a written trailer interchange agreement exists and how the trailer is being used.
How is an appropriate trailer interchange limit selected?
The limit should account for the value and number of non-owned trailers that could be in the insured’s possession. Texas carriers should review their contracts and typical trailer values with an agent.
