Archive for the ‘Trailer Interchange Insurance’ Category

Preventing and Preparing for Rental Trailer Damage

American Team Managers

When transporting goods, it is not uncommon for businesses to work with transportation companies and rental trailers. In these cases, a trailer interchange agreement is signed, declaring the designated driver responsible for damages to the trailer during transportation. If further protection is required on the part of the trailer’s owner, trailer interchange insurance is ordered.

What Is Trailer Interchange Insurance?

Trailer interchange insurance provides damage protection for rented trailers. This protects both the trailer’s owner and renter, as it compels neither to pay for damages.

What Does Trailer Interchange Insurance Cover?

While the insurance amount and specifics vary between companies, interchange insurance protection covers a wide variety of damage types. As explained by American Team Managers, examples include vandalism, collision damage, and fire damage. In most cases, the insurance amount covers trailer repairs and replacements at the very least.

When Is Trailer Interchange Insurance Necessary?

It’s always a good idea for a company to utilize trailer interchange insurance on top of a trailer interchange agreement. This ensures that it won’t have to pay for trailer damages in most scenarios. It also benefits the driver, who might find him or herself responsible for the cost of damages without the aid of insurance.

The road is long and unpredictable. With rental trailers, trailer interchange insurance can be an important and necessary precaution.