Trailer interchange coverage is physical damage protection for non-owned trailers a carrier hauls under a written interchange agreement. It responds to damage from collision, fire, theft, and vandalism while the trailer is in the insured's care.
It is distinct from liability coverage for injuries the trailer causes.
Alternative Names:
Trailer Interchange Insurance, Interchange Coverage
Why it Matters?
The coverage is physical damage only, which is the distinction that produces disputes after a serious loss. A carrier hauling another company's trailer that causes injury needs liability coverage extending to non-owned trailers, and trailer interchange does not supply it. Confirming which policy covers liability for a non-owned trailer, and whether an interchange agreement exists at all, is part of the immediate coverage analysis.
Frequently Confused with
Related terms
Frequently asked questions
Does trailer interchange cover liability?
Is a written interchange agreement required?
