Risky Business
Truckers Non-Owned Trailer vs Trailer Interchange
Lots of activity these days on Trucker's "Tractor Only" insurance policies so it's a good time to clarify the difference between Non-Owned Trailer Physical Damage vs Trailer Interchange:
Non-Owned Trailer Physical Damage Coverage :
Coverage can only be written if the policy has a pulling vehicle listed
Coverage applies only to a non-owned trailer and its equipment that are in the care, custody and control of the insured
Trailer Interchange:
Coverage can only be written if the policy has a pulling vehicle listed (Hotshots must have a fifth-wheel hitch to qualify.)
A WRITTEN trailer interchange agreement is required and will be requested in the event of a claim.
Both insure for Comp & Collision:
"Collision" provides coverage in the event of a loss or damage to a trailer caused by collision or overturn.
"Comprehensive" provides coverage in the event of a loss or damage to a trailer caused by incidents other than collision such as:
- Fire
- Theft
- Vandalism
- Windstorm
- Contact with Animal
866-864-1511
Shelly Benisch, TRS, CIC
Commercial Insurance Solutions, Inc.