Motor carriers that pull trailers owned by others may have a trailer-interchange exposure. The agreement, custody of the trailer and policy wording determine how coverage may apply.
What trailer interchange addresses
Trailer interchange coverage generally concerns physical damage to a non-owned trailer in the insured’s possession under a written trailer-interchange agreement. It is different from liability for injuries, cargo coverage and physical damage on tractors or owned trailers.
Information to gather
- Written interchange or equipment-use agreements
- Maximum number and highest value of non-owned trailers in custody
- Trailer types, operating radius and storage locations
- Required limits and deductibles
- Who is responsible for maintenance and inspections
Common questions
- Must there be a written agreement?
- Does coverage apply while a trailer is attached, detached or parked?
- Are theft, collision, fire and comprehensive causes treated differently?
- Are there territory, unattended-equipment or security restrictions?
- Does the contract require a specific deductible or certificate wording?
Avoid assumption gaps
Do not rely on a certificate alone to determine coverage. Compare the operating agreement with the actual policy, endorsements, limits and exclusions. Notify the insurance professional when trailer values or contracts change.
Final terms depend on underwriting and the issued policy. This guide is general information, not legal advice or a guarantee of coverage. Call 1-877-214-8848 or request a trucking rate indication.
