{"id":5,"date":"2017-08-30T20:57:58","date_gmt":"2017-08-30T20:57:58","guid":{"rendered":"http:\/\/www.insuringky.com\/single-post\/2017\/08\/30\/Trucking-Insurance-Trailer-Interchange-Coverage"},"modified":"2018-07-16T08:36:34","modified_gmt":"2018-07-16T14:36:34","slug":"trucking-insurance-trailer-interchange-coverage","status":"publish","type":"post","link":"https:\/\/www.insuringky.com\/blog\/trucking-insurance-trailer-interchange-coverage\/","title":{"rendered":"Trucking Insurance:  Trailer Interchange Coverage"},"content":{"rendered":"<div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"http:\/\/insuringky.com\/blog\/wp-content\/uploads\/2017\/08\/a624ec_2347f90d8fbc47aca91a9b43fc6ecdf9~mv2.jpg\" width=\"434\" height=\"223\" \/><\/p>\n<div>Trailer interchange insurance provides Physical Damage coverage for non-owned trailers operating under the authority of a trailer interchange agreement. While coverage will vary from policy to policy, the intent of a trailer interchange policy is to cover losses stemming from accidents, theft, vandalism, fire, and explosion.<\/div>\n<div>Understanding the covered causes of loss is essential prior to purchasing a policy. Understanding the amount of coverage, or limit, is essential before binding a policy. At the heart of this issue is the value of the trailer. After all, the entire purpose of this policy is to provide for a replacement trailer of equal value should damage occur under the drivers watch. Be that as it may, coverage limits are predominately a function of the trailer providers. Most providers have a set limit, which typically ranges between $20,000 and $25,000.\u00a0 Before contracting drivers will be required to show proof of coverage which meets or exceeds their requirements.<\/div>\n<div><\/div>\n<div>Drivers and insurance agents alike, can at times confuse Trailer interchange insurance and Non-Owned trailer coverage. While similar in several ways, they are undeniably, not the same. A simple,\u00a0two question test should be sufficient to determine which policy fits your needs:<\/div>\n<div><\/div>\n<div>1. Who is responsible for the trailer when it is not attached to your truck?<\/div>\n<ul>\n<li>If YOU are, then a trailer interchange policy should fit as it will cover the trailer when not attached to a power unit. The non-owned trailer coverage will only cover the trailer while attached to your truck.<\/li>\n<\/ul>\n<div>2. Will you be operating under a written trailer interchange agreement?<\/div>\n<ul>\n<li>If NO, then a trailer interchange policy will not be the answer. Trailer interchange policies provide coverage only while operating under a Written Trailer Interchange Agreement.<\/li>\n<\/ul>\n<div>For additional information feel free to visit our website at <a href=\"http:\/\/www.insuringky.com\" target=\"_blank\" rel=\"noopener\">www.insuringky.com<\/a> or contact us at (502) 410-5089.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Trailer interchange insurance provides Physical Damage coverage for non-owned trailers operating under the authority of a trailer interchange agreement. While coverage will vary from policy to policy, the intent of a trailer interchange policy is to cover losses stemming from accidents, theft, vandalism, fire, and explosion. Understanding the covered causes of loss is essential prior [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,5],"tags":[12,11,9,10],"class_list":["post-5","post","type-post","status-publish","format-standard","hentry","category-insurance","category-trucking-insurance","tag-kentucky-truckers","tag-trailer-interchangem-non-owned-trailer-coverage","tag-truckers-insurance","tag-trucking-liablity"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/5","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/comments?post=5"}],"version-history":[{"count":3,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/5\/revisions"}],"predecessor-version":[{"id":84,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/5\/revisions\/84"}],"wp:attachment":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/media?parent=5"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/categories?post=5"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/tags?post=5"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}