Cover The Non-Owned Trailer With Trailer Interchange Insurance From Strong Insurance
Trailer interchange insurance is a type of coverage that is designed to protect against damage or loss when a trailer is being transported from one location to another. This can provide peace of mind when transporting non-owned trailers.
If you are in the market for trailer interchange insurance, there are a few things you should know before purchasing a policy. First, it is important to understand the coverage that is offered. Trailer interchange insurance typically provides coverage for the trailer itself.
If you are looking for trailer interchange insurance, Strong Insurance can help. We offer a variety of policies that provide comprehensive coverage for your needs. Contact us today to learn more about our services.
When You Need Trailer Interchange
The first scenario of when you will be required to have trailer interchange coverage is when you don’t own the trailer. Whether you have your own authority or leased onto a motor carrier, you will need to have trailer interchange if you do not own the trailer or you will be required to have non-owned physical damage coverage.
The second scenario when you wont have to buy it is when you own the trailer attached. When you own the trailer then you will already have physical damage coverage on the trailer which means you don’t have to purchase trailer interchange.
How Does It Work?
Unlike physical damage on your non-owned trailer, trailer interchange covers you during transportation as well as when it is not attached to a power unit. The trailers are not owned by you which means you will need protection in the event of a loss. Whether that is from any of the events listed below:
- Collision
- Fire
- Theft
- Explosion
- Vandalism
One common misconception is that physical damage on a non-owned trailer will act as trailer interchange coverage. This is not accurate, as you need trailer interchange coverage and a trailer interchange agreement for the coverage to be fully active.
How Much Does Trailer Interchange Cost?
The amount it will cost you typically depends on what the limit is and the type of trailer.
Other factors include:
- Loss history
- Location
- Equipment
- Driver experience
Typically, you will be looking at paying about $250 to $1,500 per year on trailer interchange insurance.
Get Started Now – Contact Strong Insurance!
Trailer interchange is a vital part of the protecting your assets in the trucking industry, but it can be difficult to find coverage.
That’s where Strong Insurance comes in – we offer insurance from some of the most highly rated carriers in the business. You can rest assured that your business is protected and expert advisors are by your side.
Contact us today for a free quote on trailer interchange insurance, and see how much money you could save. We’re confident that you’ll be happy with our rates and our 5 star service. Call us today 308-430-1953 or contact us online, we would be happy to answer your questions!