Complete Trailer Interchange Insurance and How it Works
Learn how Trailer Interchange Insurance works to protect your business. Discover coverage details, benefits, and cost factors in our comprehensive…
Total Asset Coverage
Complete Trailer Interchange Insurance
Truckers often get requests for trailer interchange agreements, which increases profits for truckers that can do so legally. Once a long hauler or rig operator hooks to someone else’s trailer, it is their responsibility. The right trailer interchange insurance from BHI Transport will cover the third-party trailer and the person hauling it from collision, theft, fire, and other perils. Trailer interchange insurance protects against claims. Get your free policy audit and new quote.
Trailer Interchange: the short answer
Trailer interchange insurance pays for physical damage to a trailer you don’t own while it’s in your care under a written trailer interchange agreement. If the trailer is damaged by collision, fire, theft or another covered peril while you’re pulling it, the policy covers the trailer owner’s loss so it doesn’t come out of your pocket.
What trailer interchange insurance covers
Collision
Damage to the non-owned trailer from an accident or overturn while you’re hauling it.
Fire & theft
Loss of or damage to the trailer from fire, theft or vandalism while it’s in your possession.
Other covered perils
Weather and other perils named in your policy.
Contract compliance
Meets the insurance requirement written into most trailer interchange agreements.
Who needs trailer interchange?
- Carriers that swap trailers with other carriers under an interchange agreement
- Owner-operators hauling drop-and-hook trailers they don’t own
- Intermodal truckers moving containers and chassis
- Fleets taking on more loads by sharing equipment
Every policy is different. Your coverage depends on the exact terms, limits and exclusions in your policy, so BHI’s agents review them with you before you buy. BHI Transport Insurance Co. insures trucking businesses based in Florida and Georgia from its main office in Panama City, FL.
Last reviewed:
Questions Truckers Ask
Trailer Interchange FAQs
What is a trailer interchange agreement?
It’s a written contract between motor carriers to transfer a trailer from one to another for part of a haul. The agreement usually makes the carrier pulling the trailer responsible for damage to it, which is why interchange coverage is needed.
Does my liability policy cover a trailer I don’t own?
Usually not. Liability covers damage you cause to others, not physical damage to equipment in your care. Trailer interchange fills that gap.
How is trailer interchange different from non-owned trailer coverage?
Trailer interchange applies when there’s a written interchange agreement. Non-owned trailer physical damage can cover trailers you pull without one. BHI can help you choose the right fit.
Can I add trailer interchange to my existing policy?
Often, yes. BHI can add trailer interchange to a current policy or include it in a bundled total asset coverage plan.
Truckers’ News
Related Articles
Expand Your Trucking Business with Trailer Interchange Insurance
In the trucking industry, the use of trailer interchange agreements is common practice, allowing truckers to haul trailers owned by other parties. This arrangement can…
Truck CTP Insurance: Does It Apply in Florida or Georgia?
CTP is an Australian insurance term. Here’s what Florida and Georgia truckers actually need instead: federal and state liability minimums, plus the coverage brokers ask…
BHI Transport Insurance Co.
We Insure Truckers In Florida & Georgia
BHI Transport Insurance Co. provide all the Trailer Interchange insurance truckers need in FL & GA.
Get Your Free Trucking Insurance Coverage Quote,
Save Up To 20% With Our Total Coverage Program
BHI Transport Insurance Co. bring total asset protection to truckers across Florida and Georgia. The Total Coverage Program is our proprietary system that identifies all of the policies and coverage needed with likely better protection with up to 20% savings.