Are You Looking for Trailer Interchange Insurance at the Last Minute? You have found the right insurance agents.
If you have entered into a trailer interchange agreement, most likely there will be a need for trailer interchange endorsements or insurance.
Since the trailer is not our own, without this important coverage there would be no protection for the trailer while in your possessions. This coverage will provide physical damage insurance coverage for any non-owned trailer that is your responsibility under the agreement.
A trailer interchange agreement is a contract that arranges to transfer a tailer from one trucker to another in order to complete a shipment. Usually the trucker is responsible for any damages that are incurred while they have the trailer in their possession.
You will choose the limit of trailer insurance coverage as well as any deductibles for both comprehensive and collision coverage. The deductible is what you will pay out of pocket in the event of a loss.
The trailer must be in your possession at the time of any loss or occurence and you will also need to carry liability insurance to qualify for this coverage.