What is trailer interchange coverage?

Trailer interchange coverage is a type of insurance that provides protection for trucking companies or owner-operators who are responsible for transporting trailers that do not belong to them.

This coverage can help mitigate the potential financial risk associated with the loss, damage, or theft of trailers while in transit. It typically covers the cost of repairs or replacement of the trailer, as well as liability for any damages incurred during the interchange.

Trailer interchange coverage is often required by shippers or freight brokers when working with carriers who do not own their own trailers. It helps ensure that both parties are protected in the event of an accident or incident involving the trailer.

This coverage is usually added as an endorsement to a commercial auto insurance policy or a motor carrier insurance policy. The cost of trailer interchange coverage will depend on factors such as the value of the trailers being transported, the carrier's claims history, and the limits of coverage selected.

Overall, trailer interchange coverage is essential for trucking companies and owner-operators involved in the transportation of trailers that do not belong to them, as it provides financial protection and peace of mind in the event of unforeseen circumstances.