Who needs it
Anyone who signs a trailer interchange agreement to pull another company's trailers, such as power-only or drop-and-hook freight.
What it pays for
- Collision damage to the non-owned trailer
- Theft, fire, vandalism and weather damage to the trailer
- Loss of use charges from the trailer owner, on some policies
What it won't pay for
- The freight in the trailer (that's motor truck cargo)
- Your own trailers (that's physical damage)
- Damage you cause to other people (that's auto liability)
- Trailers you pull without a written interchange agreement, usually
- Wear and tear and mechanical breakdown
What moves the price
We don't show prices online. These are the things an agent and the insurance companies look at.
- The value of the trailers you pull
- How many trailers you pull and how often
- Driving records
- Your claims history
- Deductible
Real situations
- You're pulling a customer's trailer under an interchange agreement and clip a pole in a tight lot, tearing the trailer's side. Trailer interchange pays to repair the trailer.
- A trailer you picked up under an interchange agreement is stolen from a drop yard. Trailer interchange pays the owner for the trailer, and your cargo policy handles the freight.