{"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":"
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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
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
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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
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1. Who is responsible for the trailer when it is not attached to your truck?<\/div>\n